Lennox Int'l (LII) Tops Q4 EPS by 7c; Reiterates Outlook
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Lennox International Reports Strong Fourth Quarter to Cap Year of Record Profit and Cash Flow
February 7, 2017 8:00 AM ESTDALLAS, Feb. 7, 2017 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today reported fourth-quarter and full-year 2016 results. All comparisons are against the prior-year period.
For the fourth quarter, revenue was a fourth-quarter record $897 million, up 8%. Foreign exchange was neutral to revenue. GAAP operating income was $68 million, up 233%. GAAP earnings per share from continuing operations was $0.94, up 276%. On an adjusted basis, total segment profit increased 30% to a fourth-quarter record $105 million, and margin expanded 200 basis points to a fourth-quarter record 11.7%. Adjusted earnings per share from continuing operations rose 35% to a fourth-quarter record... More
