Lennox Forecasts 2016 Revenue Growth Of 4-8% - Quick Facts

(RTTNews) - Lennox International Inc. (LII) announced, for 2016, the company expects adjusted and GAAP EPS from continuing operations of $6.10-$6.60. Revenue growth is expected in the range of 4-8%, with a minimal impact from foreign exchange.

For 2015, the company now expects GAAP EPS from continuing operations of $4.31-$4.46 compared to the prior guidance range of $5.08-$5.23. In the new guidance range, the company expects its annual asset impairment analysis at year-end to result in a non-cash, after-tax charge of approximately $35 million relating to the Kysor/Warren business.

Lennox continues to expect 2015 adjusted EPS from continuing operations of $5.25-$5.40. Revenue growth is expected to be of 5-7% at constant currency and 2-4% including a negative 3 percentage point impact from foreign exchange.