UPDATE: Lennox International Q4 Profit Beats Expectations

Lennox International Inc. LII reported upbeat results for the fourth quarter. The Richardson, Texas-based company posted quarterly income from continuing operations of $46 million, or $1.00 per share, versus $34 million, or $0.68 per share, in the year-ago quarter. Excluding certain items, the company's adjusted income from continuing operations climbed to $1.02 per share from $0.77 per share. Its revenue rose 8% to $812.8 million, while revenue at constant currency climbed 10%. However, analysts were estimating a profit of $0.99 per share on revenue of $787.38 million. Revenue for Residential Heating and Cooling segment rose 13% to $404 million, while Commercial Heating and Cooling revenue gained 5% to $223 million. Refrigeration revenue gained 4% to $186 million. Gross profit rose 9% to $225 million, while gross margin came in flat at 27.7%. Cash from operations rose to $161 million from $145 million. "2014 was a year of strong growth and record profitability for Lennox International, led by 10% revenue growth at constant currency and 31% profit growth in our Residential business," said Chairman and CEO Todd Bluedorn. Lennox reiterated its full-year earnings of $5.20 to $5.60 per share. Lennox shares slipped 1.39% to close at $98.31 on Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBuilding ProductsIndustrialsprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!