A.O. Smith Corp Reveals Gain In Q1 Bottom Line

A.O. Smith Corp (AOS) reported a profit for its first quarter that increased from the same period last year.

The company's earnings totaled $97.7 million, or $0.60 per share. This compares with $51.7 million, or $0.32 per share, in last year's first quarter.

Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.7% to $769.0 million from $636.9 million last year.

A.O. Smith Corp earnings at a glance:

-Earnings (Q1): $97.7 Mln. vs. $51.7 Mln. last year.
-EPS (Q1): $0.60 vs. $0.32 last year.
-Analysts Estimate: $0.57
-Revenue (Q1): $769.0 Mln vs. $636.9 Mln last year.

Full year EPS guidance: $2.55 to $2.65

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