A.O. Smith (NYSE: AOS) reported Q4 EPS of $0.74, $0.18 better than the analyst estimate of $0.56. Revenue for the quarter came in at $834.5 million versus the consensus estimate of $753.79 million.

GUIDANCE:

A.O. Smith sees FY2021 EPS of $2.40-$2.50, versus the consensus of $2.38.

• "We are encouraged by the resiliency of our North America water heater replacement demand and the progressively improving year-over-year growth in consumer demand for our products in China. We continue to expect tailwinds behind our North America water treatment product sales driven by drinking water health and safety concerns," noted Wheeler. "However, much uncertainty remains about the duration and long-term implications of the pandemic, particularly its impact on the U.S. commercial construction market.
• "Under the assumption that the conditions of our business environment and those of our suppliers and customers are similar throughout 2021 to what we have experienced in recent months and that they do not deteriorate as a result of further restrictions or shutdowns, today we announce our full-year 2021 earnings guidance in a range between $2.40 and $2.50 per share. The mid-point of the guidance range represents an increase of 13 percent compared with our 2020 adjusted earnings results.

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