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lennox international inc (LII) Key Developments

Lennox International Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Updates Earnings Guidance for the Year Ending December 31, 2014

Lennox International Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $960.7 million against $913.1 million a year ago. At constant currency, revenue was up 6%. Operational income from continuing operations was $119.1 million against $102.4 million a year ago. Income from continuing operations before income taxes was $115.4 million against $99 million a year ago. Income from continuing operations was $74.6 million against $64.3 million a year ago. Net income was $73.9 million against $64.3 million a year ago. Net income per diluted share was $1.51 against $1.28 a year ago. Adjusted income from continuing operations, a non-GAAP measure was $74.9 million against $66.5 million a year ago. Net cash provided by operating activitis of $51.6 million against $49 million a year ago. Purchase of property, plant and equipment was $23.9 million against $11.3 million a year ago. Adjusted earnings per diluted share from continuing operations were $1.51 against $1.31 a year ago. On a GAAP basis, earnings per share from continuing operations were a record $1.50, up 19% from $1.26 in the prior-year quarter. For the six months, the company reported net sales of $1,656.1 million against $1,581.5 million a year ago. Operational income from continuing operations was $153.0 million against $130.3 million a year ago. Income from continuing operations before income taxes was $146.0 million against $123.4 million a year ago. Income from continuing operations was $94.5 million against $80.1 million a year ago. Net income was $93.8 million against $72.3 million a year ago. Net income per diluted share was $1.89 against $1.42 a year ago. Net cash used in operating activities was $73.4 million against $88.3 million a year ago. Purchases of property, plant and equipment was $41.2 million against $23.4 million a year ago. Adjusted earnings per diluted share from continuing operations were $1.93 against $1.64 a year ago. Adjusted earnings per diluted share from continuing operations were $95.8 million against $83.5 million a year ago. Income from continuing operations per diluted share was $1.90 against $1.57 a year ago. The company provided earnings guidance for the year ending December 31, 2014. For the year, the company expects adjusted income per diluted share from continuing operations is to be in the range between from $4.30 to $4.50. Income per share from continuing operations diluted, a GAAP measure is to be in the range between from $4.27 to $4.47. The company raising 2014 revenue growth guidance from 2% to 6% to 5% to 7%; reiterating effective tax rate guidance of 34-35% on a full-year basis and reiterating capital expenditure guidance of approximately $90 million in 2014.

Lennox International, Inc. to Report Q2, 2014 Results on Jul 21, 2014

Lennox International, Inc. announced that they will report Q2, 2014 results at 8:30 AM, Central Standard Time on Jul 21, 2014

Lennox International, Inc., Q2 2014 Earnings Call, Jul 21, 2014

Lennox International, Inc., Q2 2014 Earnings Call, Jul 21, 2014

Lennox International, Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 10:00 AM

Lennox International, Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 10:00 AM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Joseph William Reitmeier, Chief Financial Officer and Executive Vice President.

Lennox International, Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 10:00 AM

Lennox International, Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 10:00 AM. Venue: InterContinental Hotel, Boston, Massachusetts, United States. Speakers: Todd M. Bluedorn, Chairman and Chief Executive Officer.

 

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