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Lennox International (LII) Beats on Q1 Earnings and 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.

LII has a positive average earnings surprise of 6.23% 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 $1.13 per share in first-quarter of 2018, above the Zacks Consensus Estimate of $1.08 per share.
Revenue: The company posted net sales of $834.8 million above the Zacks Consensus Estimate of $815 million.

Key Stats to Note: LII has reiterated its earnings guidance for 2018 at the $9.75-$10.35 per share range. However, top line growth for 2018 is predicted to lie within 4-8%, higher than the previous view of 3-7%. The company is poised to grow on the back of sturdier segmental performance, new growth investments and greater operational efficacy.

Stock Price: Shares prices did not show any movement in the pre-market trading session.

As of Apr 20, 2018, LII’s closed the trading session at $197.08 per share.  

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