Lennox Int'l. Backs 2014 Target; Sees 2015 Revenue Growth Of 4% - 8%

(RTTNews) - Climate control products maker Lennox International Inc. (LII) confirmed its 2014 forecast and also issued its financial guidance for 2015.

Looking ahead to 2014, the company still projects 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, with foreign exchange still expected to have a negative 1% impact on a full-year basis. Also, Lennox still sees 2014 GAAP per-share earnings between $4.21 and $4.41 from continuing operations. Street is currently looking for full-year 2014 earnings of $4.40 per share on revenues of $3.35 billion.

For 2015, it expects revenue growth of 4-8%, with a neutral impact from foreign exchange; adjusted and GAAP earnings per share from continuing operations of $5.20 - $5.60. Analysts project earnings per share of $5.44 for the year 2015.

Lennox is hosting an investment community meeting in New York City today, starting at 9:00 a.m. Eastern time.