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A.O. Smith Slashes FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter, A.O. Smith Corp. (AOS) on Tuesday slashed its adjusted earnings outlook for the full-year 2019 reflecting a projected decline in China sales.

For fiscal 2019, the company slashed its adjusted earnings guidance to a range of $2.35 to $2.41 per share from the prior range of $2.69 to $2.75 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.67 per share for the year. Analysts' estimates typically exclude special items.

The company said it projects full year China sales to be down between 16 and 17 percent year-over-year in local currency terms and 19 and 20 percent after a three percentage point currency headwind.

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