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Lennox International (LII) Beats on Q3 Earnings & Revenues
October 23, 2017

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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.

LII has a positive average earnings surprise of 7.53% over the last four trailing quarters, beating estimates in all the four sessions.

Currently, LII has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: LII’s adjusted earnings came in at $2.53 per share in third-quarter of 2017, above the Zacks Consensus Estimate of $2.44 per share.
    
Revenue: The company posted net sales of $1,052.3 million above the Zacks Consensus Estimate of $1,031 million.

Key Stats to Note: LII is poised to grow on the back of robust Residential business, new investments and greater operational efficacy. The company has raised the lower end of 2017 revenue growth guidance. Top-line growth for 2017 is anticipated to lie within the 5–7% range, in contrast to the previously estimated guidance of 4–7%. However, the company is trimmed down the higher end of 2017 adjusted earnings outlook. Full-year 2017 adjusted earnings is now predicted to lie within $7.75–$8.05 per share range, against the prior projection of $7.75–$8.15 per share.

Stock Price: As of Oct 20, 2017, LII’s closed the trading session at $180.30 per share.


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