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Lennox International (LII) Beats on Q2 Earnings & Revenues

Lennox International, Inc. LII 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 8.81% 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 $2.83 per share in second-quarter of 2017, above the Zacks Consensus Estimate of $2.76 per share.
    
Revenue:
The company posted net sales of $1,102.1 million above the Zacks Consensus Estimate of $1,085 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 its full-year 2017 earnings and revenue guidance. Top-line growth for 2017 is anticipated to lie within the 4–7% range, in contract to the previously estimated guidance of 3–7%. In addition, 2017 earnings guidance has been revised to the $7.75–$8.15 per share range, higher than the prior guidance of $7.55–$8.55 per share. Notably, LII aims to repurchase stock worth $75 million in the second half of 2017.

Stock Price: As of Jul 21, 2017, LII’s closed the trading session at $182.41 per share.  

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