RTTNews | Jul 14, 2021 09:02AM EDT

09:01 Wednesday, July 14, 2021 (RTTNews.com) - The Board of Directors of Lennox International Inc. (LII) announced Wednesday that Todd Bluedorn informed that he will be stepping down as Chairman and Chief Executive Officer in mid-2022 after 15 years.

He is stepping down based on his desire to create a better balance between his personal and professional priorities. The Board of Directors has commenced a search for the company's next CEO.

The company also raised its earnings and revenue growth outlook for the full-year 2021. The company now projects earnings from continuing operations in a range of $11.97 to $12.57 per share and adjusted earnings from continuing operations in a range of $12.10 to $12.70 per share on revenue growth of 11 to 15 percent.

Previously, the company expected earnings from continuing operations in a range of $11.33 to $11.93 per share and adjusted earnings from continuing operations in a range of $11.40 to $12.00 per share on revenue growth of 7 to 11 percent.

On average, 18 analysts polled by Thomson Reuters expect the company to report earnings of $12.50 per share on a revenue growth of 12.2 percent to $4.08 billion for the year. Analysts' estimates typically exclude special items.

Read the original article on RTTNews ( https://www.rttnews.com/3209041/lennox-int-l-chairman-and-ceo-todd-bluedorn-to-step-down-boosts-fy21-outlook-quick-facts.aspx)

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