Lennox Q2 Profit From Cont. Ops. Rises; Lifts FY13 Outlook - Quick Facts

(RTTNews) - Lennox International Inc. (LII) reported second-quarter GAAP income from continuing operations of $64.3 million, or $1.26 per share, compared to $49.5 million, or $0.96 per share, in the prior-year quarter.

Adjusted income from continuing operations was $66.5 million, or $1.31 per share, compared to $50.6 million, or $0.98 per share, in the prior-year quarter. On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $1.19 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue was $913 million, up 9% from the prior-year quarter. Analysts expected revenue of $886.03 million for the quarter.

The company raised its revenue and profit per share from continuing operations guidance ranges for 2013.

Revenue growth guidance was raised from 3-6% to a range of 6-8%. Lennox raised adjusted profit per share from continuing operations guidance from $3.25-$3.55 to a range of $3.45-$3.75. Lennox raised GAAP profit per share from continuing operations guidance from $3.23-$3.53 to a range of $3.38-$3.68. Analysts expect the company to report fiscal 2013 profit per share of $3.44 on revenue of $3.13 billion.