Lennox International (NYSE:LII) has completed a new share repurchase, bringing total buybacks to almost 40% of outstanding shares since 2014. This aggressive program continues to support earnings per share amidst flat sales and net income, signaling management’s belief in shrinking the share count. Investors are now watching how these buybacks balance with other cash uses and contribute to the company’s long-term growth and shareholder returns.
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Lennox Buybacks Retire 40% Of Shares And Shape Growth Outlook
Lennox International (NYSE:LII) has completed a new share repurchase, bringing total buybacks to almost 40% of outstanding shares since 2014. This aggressive program continues to support earnings per share amidst flat sales and net income, signaling management’s belief in shrinking the share count. Investors are now watching how these buybacks balance with other cash uses and contribute to the company’s long-term growth and shareholder returns.