Market Overview

A.O. Smith: Q3 Earnings Insights

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Shares of A.O. Smith (NYSE:AOS) were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 24.53% over the past year to $0.66, which beat the estimate of $0.52.

Revenue of $760,000,000 up by 4.37% from the same period last year, which beat the estimate of $715,580,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 29, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/kawc3d3z

Price Action

Company's 52-week high was at $58.05

52-week low: $33.80

Price action over last quarter: Up 6.90%

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

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