Lennox Raises Low End Of 2017 Guidance For Revenue, Adj. EPS - Quick Facts

(RTTNews) - Lennox International Inc. (LII) announced the company raised the low end of its 2017 adjusted EPS from continuing operations guidance to $7.75-$8.15 from $7.55-$8.15. The company narrowed guidance for GAAP EPS from continuing operations to $7.73-$8.13 from $7.65-$8.25. For 2017, Lennox raised 2017 guidance for revenue growth to 4-7% from 3-7%; a minimal impact from foreign exchange is still expected.

"Looking ahead for the company overall, we continue to expect strong growth for a year of record revenue and profit, led by the strength in our Residential business. Given the company's first-half performance and outlook for the second half, we are raising the low end of our 2017 guidance for revenue and adjusted EPS from continuing operations, and we plan $75 million more of stock repurchases in the second half of the year," said Chairman and CEO Todd Bluedorn.