Shares of Lennox International (LII +3.6%) post solid gains after the company turns in a strong quarter. Revenue rose 9% Y/Y during the period and adjusted EPS jumped 34% to a record. The company's residential business saw sales grow 16% on margins that were 370 basis points higher than Q2 2012. Residential profits rose 58%. For the full year, management raised its revenue growth outlook to 6-8% from 3-6% and said adjusted EPS should come in between $3.45-3.75 versus previous guidance of $3.25-3.55. (PR)
Lennox International Inc, through its subsidiaries is a global provider of climate control solutions. It designs, manufacture and market a range of products for the heating, ventilation, air conditioning and refrigeration.