Shares of A.O. Smith 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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