A.O. Smith Corp Q2 Profit Increases, beats estimates

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.

Full year EPS guidance: $3.35 - $3.55
Full year revenue guidance: $3,960 - $4,035 Mln

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