A.O. Smith Misses Earnings, Revenue Down
Water heater manufacturer A.O. Smith (NYSE:AOS)reported earnings for the fourth quarter of 2024 on Thursday, Jan. 30, that fell short of analyst consensus estimates. Adjusted EPS of $0.85 missed the forecasted $0.89 while revenue of $912.4 million came in below the anticipated $956 million. Year over year, both EPS and revenue declined significantly, reflecting a tough quarter for the company.
Source: A.O. Smith. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
A.O. Smith is known for its strong presence in North America’s water heater and boiler market, accounting for around 75% of its total sales. Its key strengths include market leadership and an extensive product portfolio. Recently, the company has concentrated on energy efficiency and product diversification to maintain its competitive edge.
Source Fool.com
