Lennox Int'l (LII) Tops Q3 EPS by 2c, Slight Revenue Beat; Boosts FY17 EPS Guidance

Lennox Int'l (NYSE: LII) reported Q3 EPS of $2.53, $0.02 better than the analyst estimate of $2.51. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.05 billion.

FULL-YEAR OUTLOOK

For 2017, the company is updating guidance for revenue and EPS from continuing operations.

• Updating 2017 guidance for revenue growth from 4-7% with neutral foreign exchange to 5-7% with a 0.5% benefit from foreign exchange.
• Updating guidance for GAAP EPS from continuing operations from $7.73-$8.13 to $7.67-$7.97.
• Updating guidance for adjusted EPS from continuing operations from $7.75-$8.15 to $7.75-$8.05.
• Reiterating corporate expenses of approximately $85 million.
• Reiterating guidance for an effective tax rate of 31-32% on an adjusted basis for the full year.
• Reiterating capital expenditures of approximately $100 million.
• Reiterating guidance for a weighted average diluted share count of 42-43 million shares on a full-year basis.

GUIDANCE:

Lennox Int'l sees FY2017 EPS of $7.75-$8.15, versus the consensus of $7.84.

For earnings history and earnings-related data on Lennox Int'l (LII) click here.

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