A.O. Smith (AOS) Tops Q2 EPS by 13c, Raises FY EPS Guidance

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Go back to A.O. Smith (AOS) Tops Q2 EPS by 13c, Raises FY EPS Guidance

A. O. Smith reports record earnings on strong global sales growth; raises full year EPS guidance over 10 percent

July 23, 2015 7:01 AM EDT

MILWAUKEE, July 23, 2015 /PRNewswire/ -- Water technology company A. O. Smith Corporation (NYSE-AOS) today announced record second quarter net earnings of $71.1 million or $.79 per share on record second quarter sales of $653.5 million.  Net earnings in the quarter ended June 30, 2014, were $57.3 million or $.63 per share, which included after-tax non-operating pension costs of $3.0 million or $.03 per share.

Second quarter sales grew 10 percent compared with $595.4 million of sales during the same period in 2014 due to higher prices in North America, higher boiler sales in the U. S. and... More