Lennox Updates 2017 Outlook

(RTTNews) - Lennox International Inc. (LII) said that it updated fiscal year 2017 guidance for revenue and earnings per share from continuing operations.

"Looking ahead for the company overall with the recovery in key regions underway, we are well-positioned to close out a year of record revenue, margin and profit in 2017 and to drive strong growth and profitability over the coming year" said Chairman and CEO Todd Bluedorn.

The company noted that it updated 2017 guidance for revenue growth from 4-7% with neutral foreign exchange to 5-7% with a 0.5% benefit from foreign exchange.

It also updated guidance for GAAP EPS from continuing operations from $7.73-$8.13 to $7.67-$7.97. It updated guidance for adjusted EPS from continuing operations from $7.75-$8.15 to $7.75-$8.05. Analysts polled by Thomson Reuters expect the company to report earnings of $7.84 per share for fiscal year. Analysts' estimates typically exclude special items.