Lennox International Lowers FY19 Outlook - Quick Facts

(RTTNews) - While reporting its second-quarter financial results on Monday, Lennox International Inc. (LII) lowered its financial outlook for fiscal 2019.

For fiscal 2019, Lennox now forecasts adjusted earnings per share from continuing operations in a range of $11.30 to $11.90, down from the prior range of $12.00 to $12.60 per share.

The company also lowered its outlook for full-year adjusted revenue growth to a range of 2 percent to 5 percent, from the prior range of 3 percent to 7 percent growth.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $12.29 per share for the year on revenue growth of 2.00 percent to $3.89 billion. Analysts' estimates typically exclude special items.

"Slower moving shipments in the industry due to adverse weather has slowed regaining market share following the tornado and extends our recovery timeline to include the fourth quarter," Chairman and CEO Todd Bluedorn said.

However, Lennox reiterated its guidance for stock repurchases of $400 million in 2019.