Lennox (LII) Reports In-Line Q4 EPS, Revenues Beat; Reiterates FY20 EPS Mid-Point Guidance Below Consensus
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Lennox International Reports Fourth Quarter Results and Reiterates 2020 Guidance
February 4, 2020 7:30 AM ESTDALLAS, Feb. 4, 2020 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today reported fourth-quarter and full-year 2019 results. All comparisons are to the prior-year period. Adjusted revenue and profit exclude non-core Refrigeration divestitures. The company's tornado and insurance references relate to the July 2018 tornado damage at a Residential manufacturing facility in Iowa. As previously announced, the company reached a final agreement with its insurers for total insurance proceeds of $368 million, which have been received over the course of 2018-2019. A final chart of the insurance recovery and financial impact from the tornado... More
