Lennox Int'l Chairman And CEO Todd Bluedorn To Step Down; Boosts FY21 Outlook - Quick Facts

(RTTNews) - The Board of Directors of Lennox International Inc. (LII) announced Wednesday that Todd Bluedorn informed that he will be stepping down as Chairman and Chief Executive Officer in mid-2022 after 15 years.

He is stepping down based on his desire to create a better balance between his personal and professional priorities. The Board of Directors has commenced a search for the company's next CEO.

The company also raised its earnings and revenue growth outlook for the full-year 2021. The company now projects earnings from continuing operations in a range of $11.97 to $12.57 per share and adjusted earnings from continuing operations in a range of $12.10 to $12.70 per share on revenue growth of 11 to 15 percent.

Previously, the company expected earnings from continuing operations in a range of $11.33 to $11.93 per share and adjusted earnings from continuing operations in a range of $11.40 to $12.00 per share on revenue growth of 7 to 11 percent.

On average, 18 analysts polled by Thomson Reuters expect the company to report earnings of $12.50 per share on a revenue growth of 12.2 percent to $4.08 billion for the year. Analysts' estimates typically exclude special items.