Lennox International expects revenue growth of up to 7 percent
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. ■