AP NEWS

Lennox: 4Q Earnings Snapshot

February 5, 2019

RICHARDSON, Texas (AP) _ Lennox International Inc. (LII) on Tuesday reported fourth-quarter earnings of $75.6 million.

The Richardson, Texas-based company said it had net income of $1.87 per share. Earnings, adjusted for one-time gains and costs, were $1.93 per share.

The results surpassed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.

The manufacturer of furnaces, air conditioners and other products posted revenue of $843.6 million in the period, falling short of Street forecasts. Sixteen analysts surveyed by Zacks expected $845.9 million.

For the year, the company reported profit of $359 million, or $8.74 per share. Revenue was reported as $3.81 billion.

Lennox expects full-year earnings in the range of $12 to $12.60 per share.

Lennox shares have climbed 6 percent since the beginning of the year. The stock has increased 11 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LII at https://www.zacks.com/ap/LII

AP RADIO
Update hourly