Key Developments: Lennox International Inc (LII.N)
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Latest Key Developments (Source: Significant Developments)
Lennox International Inc Increases Dividend 20%
Lennox International Inc announced to increase the quarterly cash dividend 20% from $0.20 per share of common stock to $0.24 per share of common stock. The dividend is payable on July 15, 2013, to stockholders of record as of June 28, 2013. Full Article
Lennox International Inc Raises Low End Of Prior FY 2013 Guidance To A Range In Line With Analysts' Estimates
Lennox International Inc announced that for fiscal 2013, it is raising the low end of revenue growth guidance from 2%-6% to a range of 3%-6%. The Company is raising the low end of adjusted EPS from continuing operations guidance from $3.15-$3.55 to a range of $3.25-$3.55. The Company narrowed GAAP EPS from continuing operations guidance from a range of $3.15-$3.55 to a new range of $3.23-$3.53. The Company reported revenue of $2.949 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $3.09 billion and EPS of $3.39 for fiscal 2013. Full Article
Lennox International Inc Declares Dividend
Lennox International Inc announced that it has declared a quarterly cash dividend of $0.20 per share of common stock, payable on April 15, 2013, to stockholders of record as of March 29, 2013. Full Article
Lennox International Inc Reiterates FY 2013 Guidance
Lennox International Inc reiterated its fiscal 2013 guidance, originally provided on December 12, 2012: Revenue growth of 2%-6%, with a neutral impact from foreign exchange and EPS from continuing operations of $3.15 to $3.55. The Company reported revenue of $2.949 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $3.081 billon and EPS of $3.39 for fiscal 2013. Full Article
Lennox International Inc Comments On FY 2013 Revenue Guidance; Issues FY 2013 EPS Guidance In Line With Analysts' Estimates; Reaffirms FY 2012 Guidance
Lennox International Inc announced that for fiscal 2013, it expects revenue growth of 2%-6%, with a neutral impact from foreign exchange; adjusted and GAAP earnings per share (EPS) from continuing operations of $3.15-$3.55. The Company reaffirmed fiscal 2012 guidance and expects revenue growth of 4%-6%, including 1 point of negative impact from foreign exchange; adjusted earnings per share from continuing operations of $2.60-$2.80; GAAP earnings per share from continuing operations of $2.55-$2.75. The Company reported revenue of $2.840 billion in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.116 billion for fiscal 2013 and EPS of $3.32 for fiscal 2013 and revenue of $2.954 billion; EPS of $2.74 for fiscal 2012. Full Article
Lennox International Inc Declares Dividend and Announces New Stock Repurchase Program
Lennox International Inc announced that it board of directors voted to declare a quarterly cash dividend of $0.20 per share of common stock. The dividend is payable on December 28, 2012 , to stockholders of record as of December 17 , 2012. The Board Of Directors also approved an additional share repurchase program of $300 million of its common stock. The Company may also repurchase about $71 million of its common stock under an earlier share repurchase program. Full Article
Lennox International Inc Announces Plans to Divest Service Experts Business
Lennox International Inc announced plans to divest its Service Experts business, which consists of dealer-contractors providing heating and cooling equipment installation and service primarily to the residential market. The Company will retain the commercial service business called Lennox National Account Services (NAS) that was reported within its Service Experts business segment. Full Article
Lennox International Inc Increases Dividend 11%
Lennox International Inc announced that its Board of Directors voted to increase the quarterly cash dividend 11%, from $0.18 per share of common stock to $0.20 per share of common stock. The dividend is payable on October 15, 2012 to stockholders of record as of October 4, 2012. Full Article
Lennox International Inc Raises Low End Of Prior FY 2012 Revenue Guidance; Reaffirms FY 2012 EPS Guidance-Conference Call
Lennox International Inc announced that for fiscal 2012, it expects revenue up or constant FX 3% to 6% and then adjusted earnings per share (EPS) from continuing operations $2.35 to $2.65 with a midpoint of $2.50. The Company reported revenue of $3.3 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.54 for fiscal 2012. Full Article
Lennox International Inc. Raises FY 2012 EPS Guidance
Lennox International Inc. raised fiscal 2012 earnings per share (EPS) guidance from $2.20-$2.60 to $2.35-$2.65. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $2.53 for fiscal 2012. Full Article
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