Market Overview

A.O. Smith: Q2 Earnings Insights

Share:

Shares of A.O. Smith (NYSE:AOS) were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share were down 26.23% year over year to $0.45, which beat the estimate of $0.42.

Revenue of $663,900,000 declined by 13.26% year over year, which beat the estimate of $661,220,000.

Outlook

The upcoming fiscal year's EPS expected to be between $1.72 and $1.86.

Conference Call Details

Date: Jul 30, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/trh8rrwu

Recent Stock Performance

52-week high: $53.72

52-week low: $33.80

Price action over last quarter: Up 22.11%

Company Description

A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and Rest of World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of World segment sells primarily to Asian countries, and operates sales offices to expand distribution and market its product portfolio.

 

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Posted-In: Earnings News