A.O. Smith: Q1 Earnings Snapshot
By AP News
Published - Apr 25, 2024, 07:56 AM ET
Last Updated - May 27, 2024, 01:07 AM EDT
MILWAUKEE (AP) — MILWAUKEE (AP) — A.O. Smith Corp. (AOS) on Thursday reported first-quarter earnings of $147.6 million.
The Milwaukee-based company said it had profit of $1 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.
The maker of water heaters and boilers posted revenue of $978.8 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $994.9 million.
