Lennox International (NYS: LII) reported earnings on July 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Lennox International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share increased significantly. GAAP earnings per share increased significantly.
Gross margins grew, operating margins dropped, net margins grew.
Lennox International reported revenue of $913.1 million. The 10 analysts polled by S&P Capital IQ expected revenue of $886.6 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $770.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.31. The 11 earnings estimates compiled by S&P Capital IQ forecast $1.19 per share. Non-GAAP EPS of $1.31 for Q2 were 36% higher than the prior-year quarter's $0.96 per share. (The prior-year quarter included -$0.28 per share in earnings from discontinued operations.) GAAP EPS of $1.26 for Q2 were 45% higher than the prior-year quarter's $0.87 per share. (The prior-year quarter included -$0.28 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.8%, 410 basis points better than the prior-year quarter. Operating margin was 11.0%, 80 basis points worse than the prior-year quarter. Net margin was 7.0%, 120 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $863.6 million. On the bottom line, the average EPS estimate is $1.21.
Next year's average estimate for revenue is $3.14 billion. The average EPS estimate is $3.43.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lennox International is hold, with an average price target of $65.38.
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The article Lennox International Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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