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A.O. Smith (AOS) Q2 Earnings Meet Estimates, Guides Up
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A. O. Smith Corporation (AOS - Free Report) is one of the leading manufacturers of commercial and residential water heating equipment, as well as water treatment products of the world. The company specializes in offering innovative and energy-efficient solutions and products, which are developed and sold on a global platform.
A.O. Smith’s thriving residential and commercial boiler businesses have consistently stoked top- and bottom-line growth over the past several quarters Factors including growth of households, thriving replacement market, geographic expansion and improved product mix are likely to act as tailwinds for China.
A.O. Smith’s sales of residential and commercial boilers are largely driven by innovation by Lochinvar. Products of this brand have benefited from the transition from lower-efficiency to higher-efficiency boilers, product introduction and market share gain. This apart, the Aquasana buyout, which was completed last year, is expected to stoke inorganic growth of the company, going forward.
AOS consistently beat earnings in the trailing four quarters, with an average positive surprise of 4.9%.
Revenue: Revenues of $738.2 million topped the Zacks Consensus Estimate of $728 million.
Key Stats: Concurrent with its second-quarter results, A.O. Smith raised its full-year 2017 earnings guidance. It now expects earnings per share in the $2.07- $2.11 band, up from the earlier guided range of $2.03–$2.09. Also, during the first half of 2017, the company repurchased approximately 1.3 million shares of common stock at a total cost of $66.2 million.
Stock Price: AOS shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this AOS earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>
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A.O. Smith (AOS) Q2 Earnings Meet Estimates, Guides Up
A. O. Smith Corporation (AOS - Free Report) is one of the leading manufacturers of commercial and residential water heating equipment, as well as water treatment products of the world. The company specializes in offering innovative and energy-efficient solutions and products, which are developed and sold on a global platform.
A.O. Smith’s thriving residential and commercial boiler businesses have consistently stoked top- and bottom-line growth over the past several quarters Factors including growth of households, thriving replacement market, geographic expansion and improved product mix are likely to act as tailwinds for China.
A.O. Smith’s sales of residential and commercial boilers are largely driven by innovation by Lochinvar. Products of this brand have benefited from the transition from lower-efficiency to higher-efficiency boilers, product introduction and market share gain. This apart, the Aquasana buyout, which was completed last year, is expected to stoke inorganic growth of the company, going forward.
AOS consistently beat earnings in the trailing four quarters, with an average positive surprise of 4.9%.
Currently, AOS has a Zacks Rank #2 (Buy) but that could change following its second-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted earnings per share for the second-quarter 2017 came in at 53 cents, in line with the Zacks Consensus Estimate.
Smith (A.O.) Corporation Price and EPS Surprise
Smith (A.O.) Corporation Price and EPS Surprise | Smith (A.O.) Corporation Quote
Revenue: Revenues of $738.2 million topped the Zacks Consensus Estimate of $728 million.
Key Stats: Concurrent with its second-quarter results, A.O. Smith raised its full-year 2017 earnings guidance. It now expects earnings per share in the $2.07- $2.11 band, up from the earlier guided range of $2.03–$2.09. Also, during the first half of 2017, the company repurchased approximately 1.3 million shares of common stock at a total cost of $66.2 million.
Stock Price: AOS shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this AOS earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>