AOS - A. O. Smith beats Q1 top and bottom line estimates; raises FY23 outlook
2023-04-27 06:57:13 ET
- A. O. Smith press release ( NYSE: AOS ): Q1 Non-GAAP EPS of $0.94 beats by $0.16 .
- Revenue of $966M (-1.2% Y/Y) beats by $43.95M .
- Strong operating cash flow and free cash flow of $119.9 million and $109.2 million respectively, driven by higher earnings and working capital management
- 2023 Outlook raised to: Sales flat to 2022 at the mid-point with a range of +/- 2% vs. consensus of $3.74B.
- EPS of between $3.20 and $3.40 and adjusted EPS between $3.30 and $3.50 vs. consensus of $3.33
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A. O. Smith beats Q1 top and bottom line estimates; raises FY23 outlook