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
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