Lennox International Sees Positive Forex Impact in Fiscal Year -- Currency Comment
October 25 2021 - 8:38AM
Dow Jones News
By Mary de Wet
Lennox International Inc. said Monday it expects foreign
exchange to add to revenue growth this year.
On its outlook:
While Lennox narrowed its 2021 guidance for revenue growth to
13% to 15%, from 12% to 16% previously, the energy-efficient
climate-control solutions provider said, "Foreign exchange is still
expected to be 1% favorable to revenue growth for the full
year."
In the first quarter, foreign exchange had a positive 1% impact
on revenue growth, according to the company's previous report. In
the second quarter, foreign exchange provided a 2% boost to revenue
growth, but in the third quarter, the impact was neutral.
Write to Mary de Wet at mary.dewet@dowjones.com
(END) Dow Jones Newswires
October 25, 2021 08:23 ET (12:23 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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