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-0.000169721656483374 -0.000905182167911273 0.00511993663724841 0.0032247114731841 0.00192351210681152 0.0706042090970809 0.0392339895904052 0.0352738176057932
Stock impact report

Lennox's stock plunges toward 3-year low after big profit miss, slashed outlook [MarketWatch]

Lennox International, Inc. (LII) 
Last lennox international, inc. earnings: 4/20 07:30 am Check Earnings Report
Company Research Source: MarketWatch
Shares of Lennox International Inc. plummeted 16% toward a 3-year low in premarket trading Monday, after the heating and air conditioning company reported a first-quarter profit that was well below expectations, and slashed its full-year outlook, citing warmer-than-usual weather and the impact of the COVID-19 pandemic. Net income fell to $12.9 million, or 33 cents a share, from $69.3 million, or $1.73 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 56 cents, below the FactSet consensus of $1.07. Sales dropped 8.4% to $723.8 million, missing the FactSet consensus of $759.8 million, as residential heating and cooling revenue fell 5% to $442 million, below expectations of $475.4 million. Given current expectations that the heating, ventilation and air conditioning (HVAC) and refrigeration market will decline 20% this year because of the COVID-19 pandemic, the company cut its 2020 adjusted EPS outlook to $7.50 to $8.50 from $11.30 to $11 Show less Read more
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