Lennox International Inc. LII today announced its financial guidance for 2012. The company expects:
Organic revenue growth of 2-6%, with a neutral impact from foreign exchange
Adjusted Earnings Per Share from Continuing Operations of $2.20-$2.60
GAAP Earnings Per Share from Continuing Operations of $2.17-$2.57
Capital expenditures of approximately $55 million
Tax rate of 33-34%
Stock repurchases of $50 million for 2012
The company also reiterated its financial guidance for the full year of 2011:
Revenue growth of 7-9%, with organic revenue growth of 0-2%, including 2 points of positive impact from foreign exchange
Adjusted Earnings Per Share from Continuing Operations of $2.00-$2.15
GAAP Earnings Per Share from Continuing Operations of $1.78-$1.93
Capital expenditures of $45-50 million
Tax rate of approximately 33.5%
$120 million of stock repurchases
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