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A.O. Smith (AOS) Beats on Q2 Earnings and Sales Estimates
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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.
The company A.O. Smith has had a decent earnings surprise history, having beaten earnings thrice in the trailing four quarters, with an average positive surprise of 3.12%.
A. O. Smith Corporation Price, Consensus and EPS Surprise
We have highlighted some of the key details from the announcement below:
Earnings: A.O. Smith beats on earnings. Adjusted earnings per share for the quarter came in at 66 cents, ahead of the Zacks Consensus Estimate of 62 cents.
Revenue: Revenues of $833.3 million surpassed the Zacks Consensus Estimate of $807.8 million. Also, sales increased 13% year over year.
Key Stats: A.O. Smith anticipates positive end markets for its water heaters and boilers in North America. The business in China will also grow but will face the heat from weaker Chinese currency and rise in channel inventory. The company raised its guidance for 2018, and expects adjusted earnings to lie in the range of $2.59-$2.63 versus the earlier projection of $2.55 and $2.61 per share.
Stock Price: A.O. Smith shares were up 0.8% ahead of the report.
Check back for our full write up on this AOS earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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A.O. Smith (AOS) Beats on Q2 Earnings and Sales Estimates
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.
The company A.O. Smith has had a decent earnings surprise history, having beaten earnings thrice in the trailing four quarters, with an average positive surprise of 3.12%.
A. O. Smith Corporation Price, Consensus and EPS Surprise
A. O. Smith Corporation Price, Consensus and EPS Surprise | A. O. Smith Corporation Quote
Currently, A.O. Smith has a Zacks Rank #3 (Hold) but that could change following its second-quarter 2018 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 announcement below:
Earnings: A.O. Smith beats on earnings. Adjusted earnings per share for the quarter came in at 66 cents, ahead of the Zacks Consensus Estimate of 62 cents.
Revenue: Revenues of $833.3 million surpassed the Zacks Consensus Estimate of $807.8 million. Also, sales increased 13% year over year.
Key Stats: A.O. Smith anticipates positive end markets for its water heaters and boilers in North America. The business in China will also grow but will face the heat from weaker Chinese currency and rise in channel inventory. The company raised its guidance for 2018, and expects adjusted earnings to lie in the range of $2.59-$2.63 versus the earlier projection of $2.55 and $2.61 per share.
Stock Price: A.O. Smith shares were up 0.8% ahead of the report.
Check back for our full write up on this AOS earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>