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Stock impact report

A.O. Smith misses Q3 estimates on top and bottom lines, revises annual guidance [Yahoo! Finance]

A.O. Smith Corporation (AOS) 
Last a.o. smith corporation earnings: 1/28 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.aosmith.com/investor-relations
Company Research Source: Yahoo! Finance
The company's shares fell 0.7% in the market pre-open Tuesday. For Q3, A.O. Smith posted EPS of $0.82, notably below the analyst expectations of $0.96. Revenue came in at $902.6 million, also missing the consensus estimate of $959.83 million. Sales in North America reached $703.3 million, down 0.9% year-over-year, falling short of the estimated $715.2 million. International sales were $210.3 million, down 9.9% from the previous year, also below the forecast of $221.4 million. "As we announced in our October 11 press release, our China sales and North America water heater volumes were lower than we expected in the third quarter. Consumer demand headwinds in China and pre-buy and lead-time-driven order demand softness in North America persisted through the quarter and led to lower than expected sales and profitability," said Kevin J. Wheeler, chairman and CEO. "While our China and North America water heater businesses were challenged in the quarter, I am pleased with the perf Show less Read more
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