A.O. Smith (AOS) Tops Q2 EPS by 1c; Reaffirms Outlook

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Go back to A.O. Smith (AOS) Tops Q2 EPS by 1c; Reaffirms Outlook

A. O. Smith Reports Strong Second Quarter Performance

July 28, 2022 6:55 AM EDT

Second Quarter 2022 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted)

Sales of $966 million, an increase of 12% primarily driven by previously announced inflation-related pricing actionsNet earnings of $126.2 million, an increase of 7%Earnings per share ("EPS") of $0.81, an increase of 11%Adjusted earnings of $128.5 million, which exclude pre-tax non-operating pension expense of $3.0 million, resulting in adjusted EPS of $0.82Reaffirm 2022 EPS guidance of $1.56 to $1.76 and adjusted EPS guidance of $3.35 to $3.55

MILWAUKEE, July 28, 2022 /PRNewswire/ -- Global water technology company... More