Global Hunter Securities Downgrades Lennox International (LII) to Accumulate
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Lennox International Reports First Quarter Results
April 20, 2015 8:00 AM EDTDALLAS, April 20, 2015 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today reported financial results for the first quarter of 2015. Financial results reflect sold businesses in discontinued operations.
Revenue for the first quarter was $686 million, down 1% from the prior-year quarter including the negative impact from foreign exchange. At constant currency, revenue was up 2%, led by 7% growth in the Residential business. Adjusted earnings per share from continuing operations was $0.37 compared to $0.42 in the prior-year quarter. On a GAAP basis, earnings per share from continuing operations was $0.31 compared to $0.40 in the prior-year... More
