RICHARDSON, Texas — Lennox International Inc. today reported fourth-quarter net income of $83.6 million.
The company said it had net income of $2.27 per share. Earnings, adjusted for one-time gains and costs, were $2.35 per share.
The results exceeded Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The manufacturer of furnaces, air conditioners and other products posted revenue of $964.8 million in the period, which also topped Street forecasts. Seventeen analysts surveyed by Zacks expected $954.4 million.
For the year, the company reported profit of $464 million, or $12.39 per share. Revenue was reported as $4.19 billion.
Lennox expects full-year earnings in the range of $13.50 to $14.50 per share.