A.O. Smith Corp (AOS) released earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $147.6 million, or $1.00 per share. This compares with $126.9 million, or $0.84 per share, in last year's first quarter.
Excluding items, A.O. Smith Corp reported adjusted earnings of $147.6 million or $1.00 per share for the period.
Analysts on average had expected the company to earn $0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.3% to $978.8 million from $966.4 million last year.
A.O. Smith Corp earnings at a glance (GAAP) :
-Earnings (Q1): $147.6 Mln. vs. $126.9 Mln. last year.
-EPS (Q1): $1.00 vs. $0.84 last year.
-Revenue (Q1): $978.8 Mln vs. $966.4 Mln last year.
-Guidance:
Full year EPS guidance: $3.90 - $4.15
Full year revenue guidance: $3.97bln - $4.05bln
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