Lennox International Reports Record Third Quarter Revenue and Profit and Raises 2020 Guidance
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Lennox (LII) Tops Q3 EPS by 50c, Revenues Beat; Raises FY20 EPS Guidance Above Consensus
October 19, 2020 7:34 AM EDTLennox (NYSE: LII) reported Q3 EPS of $3.53, $0.50 better than the analyst estimate of $3.03. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $970.11 million.
Revenue up 2% to third-quarter record $1.06 billion, led by 13% Residential growthGAAP EPS from continuing operations up 16% to record $3.42Adjusted EPS from continuing operations up 6% to third-quarter record $3.53Raising 2020 guidance for adjusted revenue from a decline of 10-15% to a decline of 5-9%Raising 2020 guidance for GAAP EPS from continuing operations from $7.31-$8.11 to $8.35-$8.95Raising 2020 guidance for adjusted EPS from continuing operations... More