AOS - What's Going On With Geyser Maker A.O.Smith Shares Today? | Benzinga
A.O. Smith Corp (NYSE:AOS) reported fourth-quarter 2023 revenue growth of 6% Y/Y to $988.1 million, beating the consensus of $985.4 million.
Revenue growth on Y/Y basis benefited from higher water heater volumes. North American sales rose 7% Y/Y to $738.0 million. The rest of world sales were $260.2 million, increasing 4% Y/Y.
Gross profit rose to $369.8 million from $348.6 million a year ago. Adjusted EPS was $0.97, beating the consensus of $0.96.
As of December 31, 2023, the company’s cash and marketable securities balances totaled $363.4 ...