A.O. Smith (AOS) Tops Q3 EPS by 1c, Beats on Revenues; 'Upgraded' FY17 EPS Guidance Above Consensus

A.O. Smith (NYSE: AOS) reported Q3 EPS of $0.54, $0.01 better than the analyst estimate of $0.53. Revenue for the quarter came in at $749.9 million versus the consensus estimate of $742.09 million.

2017 Outlook

"We expect continued solid demand for our products and project our global sales will grow between 11 and 12 percent this year," Rajendra shared. "With record results in the first nine months of the year, we upgraded the midpoint of our 2017 guidance range and now expect full-year 2017 earnings per share to be between $2.12 and $2.14. Our guidance excludes the impact from future acquisitions," continued Rajendra.

GUIDANCE:

A.O. Smith sees FY2017 EPS of $2.12-$2.14, versus the consensus of $2.11.

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

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