A.O. Smith (NYSE: AOS) reported Q1 EPS of $0.50, $0.03 better than the analyst estimate of $0.47. Revenue for the quarter came in at $740 million versus the consensus estimate of $697.61 million.

GUIDANCE:

A.O. Smith sees FY2017 EPS of $2.03-$2.09.

2017 Outlook

"Our outlook for 2017 is positive, and we are optimistic we will grow revenues between nine and 10 percent," commented Rajendra. "Thanks to our strong sales and earnings growth this quarter, we increased the midpoint of our full-year earnings per share guidance by $0.03 per share. Excluding the impact from potential acquisitions, we now anticipate our 2017 earnings to be between $2.03 and $2.09 per share."

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