Lennox Int'l (LII) Sees FY18 EPS of $8.65-$9.25

Lennox International Inc. (NYSE: LII) today announced its financial guidance for 2018. The company expects:

• Revenue growth of 3-7%, with a minimal impact from foreign exchange.
• GAAP and adjusted EPS from continuing operations of $8.65-$9.25.
• Corporate expenses of approximately $85 million.
• Effective tax rate of 31-32%.
• Capital expenditures of approximately $100 million.
• Stock repurchases of $300 million.

(**Street sees FY18 EPS of $9.04)

For 2017, the company reiterates its guidance ranges for the full year.

• Reiterating guidance for 2017 revenue growth of 5-7%, with a 0.5% benefit from foreign exchange.
• Reiterating guidance for 2017 GAAP EPS from continuing operations of $7.67-$7.97
• Reiterating guidance for 2017 adjusted EPS from continuing operations of $7.75-$8.05
• Reiterating 2017 guidance for corporate expenses of approximately $85 million.
• Reiterating 2017 guidance for an effective tax rate of 31-32% on an adjusted basis for the full year.
• Reiterating 2017 guidance for capital expenditures of approximately $100 million.

As previously announced, Lennox International is hosting an investment community meeting in New York City today, starting at 9:00 a.m. Eastern time. The company will discuss strategic, operational, and financial information, including the company's outlook for 2018 and beyond. The presentation will be webcast and presentation materials will be accessible on the company's website at www.lennoxinternational.com.

Lennox International Inc. is a global leader in the heating, air conditioning, and refrigeration markets. Lennox International stock is listed on the New York Stock Exchange and traded under the symbol "LII". Additional information is available at: www.lennoxinternational.com or by contacting Steve Harrison, Vice President, Investor Relations, at 972-497-6670.

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