AO Smith (AOS) PT Lifted to $76 at Jefferies
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A. O. Smith reports record first quarter sales, strong growth in net earnings
April 24, 2015 7:00 AM EDTMILWAUKEE, April 24, 2015 /PRNewswire/ -- Water technology company A. O. Smith Corporation (NYSE-AOS) today announced record first quarter net earnings of $58.4 million or $.65 per share on record first quarter sales of $618.5 million. First quarter 2014 net earnings were $46.7 million or $.51 per share, which included after-tax non-operating pension costs of $3.0 million or $.03 per share.
Sales in the quarter ended March 31 grew 12 percent compared with $552.2 million of sales during the same period in 2014 due to higher water heater and commercial boiler sales in North America and 15 percent growth in China. ... More
