Lennox (LII) Offers FY20 Guidance
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Lennox International Announces 2020 Financial Guidance
December 18, 2019 7:00 AM ESTDALLAS, Dec. 18, 2019 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today announced financial guidance for 2020. The company expects:
Adjusted revenue growth, excluding divestiture impact, of 4-8%. GAAP and adjusted EPS from continuing operations of $11.30-$11.90. Corporate expenses of approximately $90 million. Effective tax rate of 21-22%. Capital expenditures of approximately $153 million, including approximately $53 million funded by insurance proceeds to complete the reconstruction of the company's Iowa manufacturing facility that was damaged by a tornado in 2018. Stock repurchases of $400 million.For... More
