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)

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