Lennox Raises Low End of FY17 Guidance

Lennox International, a provider of climate control solutions, reported higher-than-expected results for Q2, and raised the low end of its FY17 guidance. Adjusted EPS from continuing operations increased to $2.83 in the June quarter, from $2.53 a share, in the prior-year quarter. That topped the $2.76 average estimate of analysts surveyed by Capital IQ.

Q2 revenue rose 8% to $1.10 billion, beating the analyst consensus of $1.09 billion. The company raised its FY17 revenue guidance to 4-7% from 3-7%, and raised the low end of its adjusted EPS from continuing operations guidance to $7.75-$8.15 from $7.55-$8.15. Analysts are expecting EPS of $7.95 per share.

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