Upcoming AWS Coverage on Nordson Post-Earnings Results

LONDON, UK / ACCESSWIRE / December 15, 2016 / Active Wall St. blog coverage looks at the headline from heating, air-condition and refrigeration company Lennox International Inc. (NYSE: LII) as the Company announced its financial guidance for 2017 on December 14, 2016. It also recapped its financial guidance for the year 2016. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Lennox International's competitors within the Diversified Machinery space, Nordson Corp. (NASDAQ: NDSN), reported on December 13, 2016, its results for the fourth quarter of fiscal year 2016. AWS will be initiating a research report on Nordson in the coming days.

Today, AWS is promoting its blog coverage on LII; touching on NDSN. Get all of our free blog coverage and more by clicking on the links below:

http://www.activewallst.com/registration-3/?symbol=LII

http://www.activewallst.com/registration-3/?symbol=NDSN

Lennox International Inc. is a global leader in the heating, air conditioning, and refrigeration markets. It offers climate control solutions and designs, manufactures and markets a broad range of products. Its business is divided into three segments - Residential Heating & Cooling, Commercial Heating & Cooling and Refrigeration.

Highlights of the 2017 financial guidance

Lennox expects its revenues for 2017 to grow by 3%-7%, with a minimal impact from foreign exchange. Lennox expects that the GAAP ? adjusted EPS from continuing operations to be in the range of $7.55-$8.15. The company projects its corporate expenses to be around $85 million and Capital expenditures to be approximately $100 million. The company expects tax rate for the next year to be approximately 32%. It also plans to invest $250 million in stock repurchases.

Highlights of the 2016 financial guidance

Some of the financial guidance is a recap of the full-year financial outlook presented by Lennox in October 2016 when it had reported financial results for the third quarter of 2016.

As announced earlier, Lennox expects a revenue growth of 4%-6% with a neutral impact from foreign exchange. Lennox raised its low-end of 2016 guidance for adjusted EPS from continuing operations from $6.75-$6.95 to $6.80-$6.95. The company also raised the low-end of its 2016 guidance for GAAP EPS from continuing operations from $6.25-$6.45 to $6.30-$6.45. The GAAP EPS includes a one-time lump-sum pension buyout program which was to be paid in the third quarter to certain vested participants, which is approximately $20 million after-tax, non-cash pension charge.

The other points like corporate expenses of approximately $95 million; the tax rate of approximately 31% on a full-year basis and approximately 34% in the fourth quarter; capital expenditures of approximately $95 million continue to remain unchanged and as announced earlier by the company. Lennox also announced that it had completed $100 million of share repurchase in the fourth quarter as a part of its accelerated share repurchase program. The company had spent a total of $300 million in the share repurchase in 2016.

The third quarter earnings for 2016

Lennox's revenue for the third quarter was $1.01 billion with a neutral impact from foreign exchange. The Company's gross profit in the third quarter was $310 million. GAAP income from continuing operations for the third quarter was $101.7 million, which is around $2.33 per share. Adjusted income from continuing operations in Q3 was $101.9 million, which is around $2.33 per share.

On December 09, 2016, Lennox's Board announced a quarterly cash dividend of $0.43 per share payable on January 17, 2017.

Stock Performance

Lennox's share price finished yesterday's trading session at $160.17, climbing 1.53%. A total volume of 637.31 thousand shares exchanged hands, which was higher than the 3 months average volume of 407.61 thousand shares. The stock has rallied 19.43% and 25.37% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the company have surged 29.34%. The stock is trading at a PE ratio of 28.32 and has a dividend yield of 1.07%.

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SOURCE: Active Wall Street