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)
Heating and cooling company Lennox International (LII +1.3%-) ticks up today after its Q1 results beat on both EPS and revenue. Net earnings swung to a profit as its bottom line was buoyed by a strong performance from its residential heating and cooling segment - by far its largest by revenue - amid higher volume and lower material costs. Sales for the segment rose 15% Y/Y, while operating profit jumped 86%. The company also upped the low end of its FY13 EPS view by $0.10, now expecting to earn $3.25 to $3.55, and tweaked the low end of revenue guidance, now looking for 3% to 6% growth.
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.