Lennox Int'l (LII) Tops Q1 EPS by 13c, Reiterates FY17 Auidance for Adjusted EPS
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Lennox International Reports Record First-Quarter Revenue and Profit
April 24, 2017 8:00 AM EDTDALLAS, April 24, 2017 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today reported financial results for the first quarter of 2017. All comparisons are to the prior-year period.
For the first quarter, revenue was a first-quarter record $793 million, up 11%. Foreign exchange was neutral to revenue. GAAP operating income was up 39% to a first-quarter record $61 million. GAAP earnings per share from continuing operations was up 79% to a first-quarter record $1.00, including a $0.17 benefit from recent GAAP accounting requirements regarding excess tax benefits from share-based compensation against $0.07 in charges for special items. On an adjusted basis, total... More
