Lennox International Reaffirms 2014 Outlook, Guides 2015 In Line

(RTTNews) - Climate control products maker Lennox International, Inc. (LII) on Wednesday reaffirmed its earnings and revenue growth guidance for the full-year 2014. the company also provided initial earnings and revenue growth forecast for the full-year 2015.

The Richardson, Texas-based company continues to expect adjusted income from continuing operations in a range of $4.30 to $4.50 per share and revenue growth of 5 percent to 7 percent.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $4.40 per share for the fiscal 2014 on revenues growth of 4.7 percent to $3.35 billion. Analysts' estimates typically exclude special items.

The company noted that foreign exchange is still expected to have a 1 percent negative impact on a full-year basis on 2014 revenues.

Looking ahead to fiscal 2015, the company now anticipates adjusted income from continuing operations in a range of $5.20 to $5.60 per share, on projected revenue growth of 4 to 8 percent, with a neutral impact from foreign exchange.

Street is currently looking for full-year 2015 earnings of $5.44 per share on revenue growth of 5.8 percent to $3.54 billion.

The company said it projects 2014 capital expenditures of about $90 million, and 2015 capital expenditures of about $85 million.

LII closed Tuesday's regular trading session at $92.31, up $0.11 on a volume of 0.69 million shares.