A. O. Smith Corp. (AOS) reported first-quarter net income of $39.0 million or $0.84 per share, compared to $47.5 million or $1.02 per share last year. Sales were $509.6 million, compared to $468.6 million last year. First-quarter adjusted earnings was $44.7 million or $0.96 per share.
On average, ten analysts polled by Thomson Reuters expected the company to report profit of $0.77 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $504.78 million for the quarter.
The company increased its guidance for 2013. A. O. Smith expects to achieve full-year GAAP earnings of between $3.00 and $3.16 per share and, adjusted earnings of between $3.40 and $3.56 per share. Analysts expect the company to report fiscal 2013 profit per share of $3.43 on revenue of $2.09 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.