Lennox Q2 Adj. EPS Tops View - Quick Facts

(RTTNews) - Lennox International Inc. (LII) reported second-quarter net income of $81.2 million or $1.78 per share, compared to $73.9 million or $1.49 per share, prior year.

On a GAAP basis, income from continuing operations for the second quarter was $81.6 million, or $1.79 per share, compared to $74.6 million, or $1.50 per share, in the prior-year quarter.

Adjusted earnings per share from continuing operations were $1.84, down from $1.51 per share in the comparable quarter last year. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.80 for the quarter. Analysts' estimates typically exclude special items.

Revenue for the latest second quarter was $992.5 million, up 3% from $960.7 million last year. At constant currency, revenue was up 6%. Analysts expected revenue of $988.28 million for the quarter.

For 2015, the company now expects GAAP earnings from continuing operations to be in the range of $5.14 - $5.39 per share and adjusted earnings in the range of $5.25 - $5.50 per share. Analysts expect the company to report fiscal year earnings per share of $5.36.

Earlier, the company expected earnings in the range of $5.14 - $5.54 per share and adjusted earnings of $5.20 - $5.60 per share.

The company is updating its revenue growth guidance at constant currency from 4-8% to 4-7%. The company continues to expect a negative 3 point impact from foreign exchange on a full-year basis; updating revenue growth guidance at actual currency from 1-5% to 1-4%.