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Lennox (LII) Tops Q1 Earnings, Misses on Revenues

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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 earnings. In the last four trailing quarters, LII has reported a negative average earnings surprise of 6.78%.

Currently, LII has a Zacks Rank #3 (Hold), 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 60 cents in first-quarter of 2016, above the Zacks Consensus Estimate of 54 cents.

Revenue: LII posted net sales of $715.2 million, below the Zacks Consensus Estimate of $724 million.     

Key Stats to Note: LII aims to boost its revenues and margins on the back of stronger end-market business, market share growth and greater operational efficiency. The company has raised its full year 2016 adjusted earnings guidance to the range of $6.30-$6.80 per share from $6.10-$6.60. At the end of the current year, LII expects to accrue 4-8% revenue growth at a constant currency basis.

Stock Price:  Shares prices of LII did not change on a pre-market trading basis.

Check back our full write up on this LII earnings report later!

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