A.O. Smith (AOS) Reports In-Line Q2 EPS, Offers FY Outlook

A.O. Smith (NYSE: AOS) reported Q2 EPS of $0.53, in-line with the analyst estimate of $0.53. Revenue for the quarter came in at $738.2 million versus the consensus estimate of $730.09 million.

GUIDANCE:

A.O. Smith sees FY2017 EPS of $2.07-$2.11, versus the consensus of $2.10.

"We expect continued solid demand for our products and project our global sales will grow between 10 and 11 percent this year," Rajendra shared. "With record results in the first half of the year, we upgraded the midpoint of our 2017 guidance range and now expect full-year 2017 earnings per share to be between $2.07 and $2.11. Our guidance excludes the impact from future acquisitions," concluded Rajendra.

For earnings history and earnings-related data on A.O. Smith (AOS) click here.

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