A.O. Smith (AOS) Tops Q4 EPS by 1c
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A. O. Smith announces double-digit 2016 earnings growth on six percent increase in sales
February 2, 2017 6:55 AM ESTMILWAUKEE, Feb. 2, 2017 /PRNewswire/ --Â A. O. Smith Corporation (NYSE-AOS) today announced record sales of $2.69 billion and record net earnings of $326.5 million, or $1.85 per share, for 2016 compared with net earnings of $282.9 million, or $1.58 per share, the previous year.
Sales for 2016 grew six percent from $2.54 billion in 2015 and eight percent when adjusted for the stronger U.S. dollar against the Chinese currency. Sales in China grew 13 percent during 2016 and grew 19 percent when the impact from the stronger U.S. dollar is excluded.
In the fourth... More
