Lennox Q1 Profit Declines; Cuts FY15 GAAP EPS Outlook - Quick Facts

(RTTNews) - Lennox International Inc. (LII) reported first-quarter net income of $13.9 million or $0.31 per share, compared to $19.9 million or $0.40 per share, prior year.

Adjusted earnings per share from continuing operations were $0.37, down from $0.42 per share in the comparable quarter last year. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.46 for the quarter. Analysts' estimates typically exclude special items.

Revenue for the latest first quarter was $685.8 million, down 1% from $695.4 million last year. At constant currency, revenue was up 2%. Analysts expected revenue of $715.26 million for the quarter.

For 2015, the company reiterated revenue growth of 4-8% at constant currency. The company continues to expect a negative 3 point impact from foreign exchange on a full-year basis for a revenue growth range of 1-5% at actual currency. The company also reiterated adjusted earnings per share from continuing operations of $5.20-$5.60.

The company lowered its GAAP earnings from continuing operations to a range of $5.14 - $5.54 per share from its prior range of $5.20 - $5.60 per share. Analysts expect the company to report fiscal year earnings per share of $5.39.