logo
Share SHARE
FONT-SIZE Plus   Neg

Lennox Int'l Issues FY13 Guidance, Backs FY12 Outlook

Lennox International Inc. (LII), maker of heating and cooling equipments, Wednesday detailed a guidance for the full year 2013, the mid-point of which is expected to beat current Street estimates. The company also confirmed its guidance for the full year 2012.

Richardson, Texas-based Lennox expects earnings from continuing operations of $3.15 to $3.55 per share for the full year 2013. Analysts polled by Thomson Reuters currently expect earnings of $3.32 per share. Analysts' estimates typically exclude one-time items.

Lennox targets to grow 2013 revenues in a range of 2 to 6 percent, with a neutral impact from foreign exchange. The company plans capital expenditures of about $60 million in 2013.

For the full year 2012, Lennox continues to expect earnings from continuing operations of $2.55 to $2.75 per share, adjusted earnings of $2.60 to $2.80 per share and revenue growth of 4 to 6 percent. Analysts currently expect earnings of $2.74 per share on revenues of $2.95 billion.

Lennox makes climate control products for the heating, ventilation, air conditioning, and refrigeration markets in North America and internationally.

LII is currently trading at $51.12, up $0.13 or 0.25%, on a volume of 0.23 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
Follow RTT