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Lennox International posts record Q2 revenue and profit

Staff Writer |
Lennox International reported financial results for the second quarter of 2017.

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All comparisons are to the prior-year period.

For the second quarter, revenue was up 8% to a record $1.102 billion. Foreign exchange was neutral to revenue.

GAAP operating income was a record $175 million, up 9%. GAAP earnings per share from continuing operations was a record $2.71, up 8%.

On an adjusted basis, total segment profit increased 14% to a record $183 million, and total segment margin expanded 80 basis points to a record 16.6%.

Adjusted EPS from continuing operations rose 12% to a record $2.83.

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