Lennox (LII) Tops Q2 EPS by 45c, Raises FY EPS Guidance
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Price: $459.29 --0%
EPS Growth %: +12.0%
Financial Fact:
Income from continuing operations: 101.7M
Today's EPS Names:
SFST, VLTO, CLIR, More
EPS Growth %: +12.0%
Financial Fact:
Income from continuing operations: 101.7M
Today's EPS Names:
SFST, VLTO, CLIR, More
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Lennox (NYSE: LII) reported Q2 EPS of $2.97, $0.45 better than the analyst estimate of $2.52. Revenue for the quarter came in at $941 million versus the consensus estimate of $877.27 million.
GUIDANCE:
Lennox sees FY2020 EPS of $7.90-$8.70, versus the consensus of $8.11.
- Raising guidance for adjusted revenue to be down 10-15% from the prior year compared to previous guidance to be down 11-17%.
- Raising guidance for GAAP EPS from continuing operations to $7.31-$8.11 from previous guidance of $7.07-$8.07.
- Raising guidance for adjusted EPS from continuing operations to $7.90-$8.70 from previous guidance of $7.50-$8.50.
- Corporate expense is still expected to be approximately $75 million.
- The effective tax rate is still expected to be 21-22% on an adjusted basis for the full year.
- Capital expenditures are still targeted to be $120 million.
- Guidance for free cash flow remains approximately $340 million.
- The company's remaining 2020 stock repurchase program of $300 million currently remains on hold; the company repurchased $100 million of stock in the first quarter.
- The company's quarterly dividend plans remain unchanged at $0.77 per share, or more than $115 million in total for the year.
For earnings history and earnings-related data on Lennox (LII) click here.
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