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Recap: A.O. Smith Q4 Earnings

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Shares of A.O. Smith (NYSE:AOS) moved higher by 0.2% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share rose 32.14% year over year to $0.74, which beat the estimate of $0.58.

Revenue of $834,500,000 rose by 11.13% year over year, which beat the estimate of $769,030,000.

Outlook

A.O. Smith said it sees FY21 EPS of $2.40-$2.50.

How To Listen To The Conference Call

Date: Jan 28, 2021

Time: 10:00 AM

ET Webcast URL: https://investor.aosmith.com/events-and-presentations

Price Action

52-week high: $58.97

52-week low: $33.80

Price action over last quarter: Up 2.90%

Company Profile

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: BZI-RecapsEarnings News

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