Lennox Int'l (NYSE: LII) reported Q2 EPS of $2.83, $0.07 better than the analyst estimate of $2.76. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.09 billion.

GUIDANCE:

Lennox Int'l sees FY2017 EPS of $7.55-$8.15, versus the consensus of $7.95.

FULL-YEAR OUTLOOKFor 2017, the company is raising the low end of guidance for revenue and adjusted EPS from continuing operations.

• Raising 2017 guidance for revenue growth from 3-7% to 4-7%; a minimal impact from foreign exchange is still expected.
• Narrowing guidance for GAAP EPS from continuing operations from $7.65-$8.25 to $7.73-$8.13.
• Raising the low end of adjusted EPS from continuing operations guidance from $7.55-$8.15 to $7.75-$8.15.
• Reiterating corporate expenses of approximately $85 million.
• Updating guidance for the 2017 effective tax rate from approximately 32% to a range 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, including plans for $250 million of stock repurchases in total for 2017.

For the second quarter, revenue was up 8% to a record $1.102 billion. Foreign exchange was neutral to revenue. GAAP operating income was a record $175 million, up 9%. GAAP earnings per share from continuing operations was a record $2.71, up 8%. On an adjusted basis, total segment profit increased 14% to a record $183 million, and total segment margin expanded 80 basis points to a record 16.6%. Adjusted EPS from continuing operations rose 12% to a record $2.83.

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