While reporting financial results for the second quarter on Thursday, A.O. Smith Corp. (AOS) raised its adjusted earnings and sales growth guidance for the full-year 2021, based on solid demand for its products.
For fiscal 2021, the company now projects adjusted earnings in a range of $2.70 to $2.76 per share on sales growth between 17 and 18 percent.
Previously, the company expected adjusted earnings in a range of $2.55 to $2.65 per share on sales growth between 14 and 15 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.70 per share on sales growth of 15.4 percent to $3.34 billion for the year. Analysts' estimates typically exclude special items.
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