Lennox (LII) Reports In-Line Q4 EPS, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Below Consensus
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Lennox International Caps Year of Record Revenue, Profit and Cash Generation in 2018 and Reiterates Outlook for Strong Growth and Profitability in 2019
February 5, 2019 7:30 AM ESTDALLAS, Feb. 5, 2019 /PRNewswire/ --Â Lennox International Inc. (NYSE: LII) today reported fourth-quarter and full-year 2018 results. All comparisons are to the prior-year period. The company's tornado references relate to the July 2018 tornado damage at a Residential manufacturing facility in Iowa. Adjusted revenue and profit exclude the non-core Refrigeration businesses divested in 2018 -- Australia, Asia and South America. In 2019, the company plans to divest its Kysor Warren business within its Refrigeration segment and is currently targeting to close the sale in the first quarter.
For the fourth quarter, GAAP and adjusted revenue... More
