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Lennox (LII) Q3 Earnings & Revenues Beat Estimates

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Lennox International, Inc. (LII - Free Report) offers premium and innovative climate control products in the global ventilation, heating, refrigeration and air conditioning markets. Residential Heating & Cooking, Commercial Heating & Cooking and Refrigeration are the three major business segments of the company. The company’s innovation-based business growth strategy helps it strengthen its product portfolio and makes its operations more cost effective.

However, certain industry-specific issues such as appreciating U.S. dollar and extensive business rivalry might partially offset the aforesaid positives and thus dampen LII's earnings.

In the last four trailing quarters, LII reported better-than-expected results in three out of four trailing quarters, while lagged behind in one. Average earnings surprise is a positive 2.53%.

Currently, LII has a Zacks Rank #2 (Buy), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: LII’s adjusted earnings came in at $2.33 per share in third-quarter of 2016, above the Zacks Consensus Estimate of $2.25 per share.
    
Revenue: The company posted net sales of $1,010 million above the Zacks Consensus Estimate of $999 million.

Key Stats to Note: As a part of the ongoing strategy, LII intends to de-risk its pension plan obligations and aims to lower its pension obligations by roughly $50 million by 2016-end. On the back of strong performance and end-market demand, the company has raised its full year 2016 adjusted earnings guidance to the range of $6.75−$6.95 from the earlier prediction of $6.50-$6.90 per share. At a constant currency, the company narrowed its revenue growth guidance to 4-6% from 3-7% expected earlier.

Stock Price: As of Oct 14, 2016 LII’s closed the trading session at $157.62 per share.  

LENNOX INTL INC Price and EPS Surprise

 

LENNOX INTL INC Price and EPS Surprise | LENNOX INTL INC Quote

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