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.