China Woes Weigh Down A.O. Smith's Q4 2019 Earnings
China was front and center on the Q4 2019 earnings call for water heater manufacturer A.O. Smith (NYSE: AOS) on Jan. 28. But for a change, it wasn't about tariffs or the coronavirus; it was all about sales.
About 34% of A.O. Smith's revenue comes from China, so the slowing economy there has materially affected earnings. That trend continued in the most recent quarter, but management seems to think the worst is behind it.
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Source Fool.com
