logo
  Join        Login             Stock Quote

Lennox International (LII) Issues Earnings, Revenue Forecast For 2013

 December 12, 2012 08:04 AM
 


(By Balachander) Lennox International Inc. (NYSE: LII), a provider of climate control services, issued its earnings and revenue forecast for 2013 and the company backed its outlook for the current year.

The company expects adjusted and GAAP earnings per share from continuing operations between $3.15 and $3.55 for 2013 on revenue growth of 2 percent to 6 percent.

Wall Street analysts, on average, expect earnings of $3.32 per share on revenue of $3.12 billion.

In addition, Lennox expects to buyback shares worth $100 million next year.

For 2012, the company continues to expect adjusted earnings per share from continuing operations of $2.60 to $2.80, while Wall Street analysts project $2.74 a share. It forecasts earnings per share of between $2.55 and $2.75 on a GAAP basis.

[Related -Dividend Roundup: AHT, IDCC, LHO, LII, PEB, SWY, TYC]

Lennox also reiterated its revenue growth guidance of 4 percent to 6 percent for the full year 2012.

The company reduced its 2012 capital expenditures forecast to roughly $50 million from prior view of $55 million. It sees capital expenditures of around $60 million for 2013.

Lennox is engaged in the design of climate control products for the heating, ventilation, air conditioning, and refrigeration markets.

The stock, which has been trading in the 52-week range of $31.96 to $53.52, closed Tuesday's regular trade at $50.99.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageHow the Chinese Slowdown Will Impact Your Investments

Most countries would find a quarterly growth rate of 7.3% a cause for a read on...

article imageHow To Profit From Foreign Investment In Real Estate

Though investors don't always capitalize on it, history has a way of repeating itself. In fact, when I saw read on...

article imageAnother Round Of Upbeat US Macro Reports

The US economy grew faster than expected in this year’s third quarter, according to this morning’s read on...

article imageDistinguishing The Fed's Securities Purchases From Monetary Expansion

There has been a bit of confusion about what today's FOMC announcement means with respect to Quantitative read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

Shorts Weather
More Articles on: Construction



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.