Boenning & Scattergood Upgrades AO Smith (AOS) to Outperform

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Go back to Boenning & Scattergood Upgrades AO Smith (AOS) to Outperform

A. O. Smith Reports 2020 First Quarter Financial Results and Business Update in Response to COVID-19

May 5, 2020 6:55 AM EDT

MILWAUKEE, May 5, 2020 /PRNewswire/ -- Global water technology company A. O. Smith Corporation (the "Company") (NYSE-AOS) today announced  first quarter net earnings of $51.7 million or $0.32 per share on first quarter sales of $636.9 million. Earnings per share declined approximately 40 percent compared with first quarter 2019 earnings per share of $0.53. Sales in the quarter ended March 31 were approximately 15 percent lower compared with sales of $748.2 million during the same period in 2019.

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