Lennox: 4Q Earnings Snapshot
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.