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Lennox International expects revenue growth of up to 7 percent

Staff Writer |
Lennox International announced for 2017: The company expects GAAP and adjusted EPS from continuing operations of $7.55-$8.15.

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Revenue growth should be 3-7%, with a minimal impact from foreign exchange.

For 2016, Lennox raised the low end of 2016 guidance for adjusted EPS from continuing operations to $6.80-$6.95 from $6.75-$6.95. The company also increased the low end of 2016 guidance for GAAP EPS from continuing operations to $6.30-$6.45 from $6.25-$6.45.

Lennox reiterated guidance for 2016 revenue growth of 4-6%, with a neutral impact from foreign exchange.

Lennox also announced the completion of the company's previously announced $100 million stock repurchase program in the fourth quarter, bringing the total for 2016 to $300 million.


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