Lennox Reaffirms FY24 Revenue Guidance Of Approximately 7%, With 2% Of Benefit From AES Acquisition; Revises EPS Guidance From $18.50-$20.00 To $19.00-$20.00, Est $19.72
Portfolio Pulse from Benzinga Newsdesk
Lennox International (LII) has reaffirmed its FY24 revenue guidance, projecting around 7% growth, with 2% attributed to the AES acquisition. Additionally, Lennox has updated its EPS guidance for FY24 from the range of $18.50-$20.00 to a narrower range of $19.00-$20.00, with an estimated average of $19.72.
April 24, 2024 | 10:49 am
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Lennox International has reaffirmed its FY24 revenue growth at 7%, with a boost from AES acquisition, and revised its EPS guidance upwards.
The reaffirmation of revenue guidance and the upward revision of EPS guidance are positive signals for investors, indicating confidence in the company's growth trajectory and the beneficial impact of the AES acquisition. This is likely to be viewed positively by the market, potentially leading to an uptick in LII's stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100