Lennox (LII) Misses Q1 EPS by 55c, Lowers FY20 Guidance
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Lennox International Reports First Quarter Results and Updates Outlook
April 20, 2020 7:30 AM EDTDALLAS, April 20, 2020 /PRNewswire/ --Â Lennox International Inc. (NYSE: LII) today reported financial results for the first quarter of 2020. All comparisons are to the prior-year period. The company's insurance references relate to the July 2018 tornado damage at a Residential manufacturing facility in Iowa. Adjusted revenue and profit exclude non-core Refrigeration businesses divested in prior periods.
Lennox International reported first-quarter GAAP and adjusted revenue of $724 million. GAAP revenue was down 8%, including 4% of negative impact from divestitures in the prior year. Excluding the impact from divestitures, adjusted revenue was down 4%.
GAAP... More
