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Lennox International Boosts FY20 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Monday, Lennox International Inc. (LII) raised its earnings and revenue growth outlook for the full-year 2020.

For fiscal 2020, Lennox now projects earnings from continuing operations in a range of $8.35 to $8.95 per share and adjusted earnings from continuing operations in a range of $9.05 to $9.65 per share, on adjusted revenue decline of 5 to 9 percent.

Previously, the company expected earnings from continuing operations in a range of $7.31 to $8.11 per share and adjusted earnings from continuing operations in a range of $7.90 to $8.70 per share, on adjusted revenue decline of 10 to 15 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $8.83 per share on a revenue decline of 8.3 percent to $3.49 billion for the year. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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