Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Lennox Int'l Issues FY13 Guidance, Backs FY12 Outlook

RELATED NEWS
Trade LII now with 

Lennox International Inc. (LII: Quote), 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.

Register
To receive FREE breaking news email alerts for Lennox International Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading day on Friday. With the gains on the day, the markets are extending the upward trend seen over the past several sessions. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.