Lennox 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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Lennox backs FY14 EPS $4.20-$4.60, consensus $4.54 Backs FY14 revenue growth of 3%-7%, consensus $3.38B. Expects 1 point of negative impact from foreign exchange on FY basis for revenue growth of 2%-6% at actual currency for 2014. Backs FY14 effective tax rate of 34%-35%; Backs FY14 CapEx $90M. Backs FY14 plans for $150M of stock repurchases.