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Stock Market & Financial Investment News

News Breaks
December 7, 2012
11:17 EDTLIILennox announces new $300M stock repurchase program
The board of directors of Lennox International approved an additional share repurchase program of $300M of its common stock. The company may also repurchase about $71M of its common stock under an earlier share repurchase program.
News For LII From The Last 14 Days
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February 10, 2016
09:05 EDTLIILennox enters into $200M accelerated share repurchase with Merrill Lynch
Lennox has entered into an accelerated share repurchase agreement with Merrill Lynch International, acting through its agent, Merrill Lynch, Pierce, Fenner and Smith Incorporated, to repurchase $200M of Lennox International's common stock. Lennox International has agreed to repurchase $200 million in total of its common stock from Merrill Lynch International with an initial delivery of approximately 1.3M shares based on current market prices. The final number of shares to be repurchased will be based on Lennox International's volume-weighted average stock price, less a discount, during the term of the ASR program. The ASR is expected to be completed in Q2.
February 8, 2016
08:04 EDTLIILennox reports Q4 Residential Heating and Cooling revenue up 7% to $431M
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08:03 EDTLIILennox backs FY16 EPS cont ops $6.10-$6.60, consensus $6.37
Backs FY16 revenue growth of 4%-8%, consensus $3.64B. Backs FY16 effective tax rate of 34%-35%. Backs FY16 CapEx $95M. Backs plans for $200M of stock repurchases.
08:02 EDTLIILennox reports Q4 adjusted EPS $1.11, consensus $1.23
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February 4, 2016
12:55 EDTLIILennox management to meet with William Blair
Meeting to be held in Richardson, TX on February 11 hosted by William Blair.

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