A.O. Smith Corp (AOS) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $126.2 million, or $0.81 per share. This compares with $118.2 million, or $0.73 per share, in last year's second quarter.
Excluding items, A.O. Smith Corp reported adjusted earnings of $128.5 million or $0.82 per share for the period.
Analysts on average had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.3% to $965.9 million from $859.8 million last year.
A.O. Smith Corp earnings at a glance (GAAP) :
-Earnings (Q2): $126.2 Mln. vs. $118.2 Mln. last year.
-EPS (Q2): $0.81 vs. $0.73 last year.
-Analyst Estimate: $0.81
-Revenue (Q2): $965.9 Mln vs. $859.8 Mln last year.
-Guidance:
Full year EPS guidance: $3.35 - $3.55
Full year revenue guidance: $3,960 - $4,035 Mln
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