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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.

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Source Fool.com

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