Lennox Reports First And Second Quarter Financial Results
DALLAS - Lennox International Inc. (LII) announced its unaudited results for the first and second quarters of 2004.
In the first quarter, revenue from continuing operations was $664 million. The company reported a first quarter net loss of $195 million, or $3.27 per share, reflecting a $208 million pre-tax, or $185 million after-tax, goodwill impairment charge related to Service Experts, and a $20 million pre-tax charge, or $16 million after-tax, related to the disposal of Service Experts' discontinued operations. First quarter income from continuing operations before goodwill impairment was $7 million, or $0.11 per share.