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Lennox International Q1 revenue record $793 million

Staff Writer |
Lennox International reported financial results for the first quarter of 2017. All comparisons are to the prior-year period.

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For the first quarter, revenue was a first-quarter record $793 million, up 11%. Foreign exchange was neutral to revenue.

GAAP operating income was up 39% to a first-quarter record $61 million.

GAAP earnings per share from continuing operations was up 79% to a first-quarter record $1.00, including a $0.17 benefit from recent GAAP accounting requirements regarding excess tax benefits from share-based compensation against $0.07 in charges for special items.

On an adjusted basis, total segment profit increased 39% to a first-quarter record $65 million, and margin expanded 170 basis points to a first-quarter record 8.2%.

Adjusted EPS from continuing operations rose 50% to a first-quarter record $0.90.

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