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
Bond management titan Bill Gross has filed suit against his former employer, PIMCO, for breach of contract related to his ouster from the company. Gross is looking for damages of at least $200 million for forcing him out of the company, according to court filings. Gross claims that other managers conspired to push him out of the firm he co-founded in order to improve their own finances. Large U.S. companies are holding trillions of dollars overseas in an effort to avoid U.S. taxes, with big-name firms like Apple (AAPL), Pfizer (PFE) and PepsiCo (PEP) named as notable examples. This is the claim made by a pair of non-profit groups, who released a study based on the firms' financial statements. Alcoa Inc. (AA), the largest producer of aluminum in the US, Thursday reported a sharp decline in profit for the third quarter, as sales dropped 11 percent reflecting divestitures and currency headwinds. Both the earnings and revenues fell short of Wall Street analysts' estimates, sending its shares...
comments powered by Disqus
Trade LII now with 
Follow RTT