Lennox International Raises Low End of FY16 EPS Guidance

Lennox International raised the low end of its FY16 adjusted EPS outlook and now expects full-year EPS of $6.80 to $6.95 per share, compared to a prior view for $6.75 to $6.95 per share, straddling the $6.88 per share consensus compiled by Capital IQ.

The supplier of heating and ventilation products continues to expect FY16 revenue growth of 4% to 6% year-over-year, which equates to about $3.61 billion and $3.68 billion, in line to above the $3.62 billion mean estimate.

For FY17, the company expects adjusted EPS of $7.55 to $8.15 per share, also straddling the $7.72 per share average estimate, with revenue growth of 3% to 7%. Lennox International said it expects to complete share repurchases of $250 million in FY17.

Leave a Comment