AOS - A. O. Smith GAAP EPS of $1.04 beats by $0.15 revenue of $961M in-line
2023-07-27 07:42:40 ET
- A. O. Smith press release ( NYSE: AOS ): Q2 GAAP EPS of $1.04 beats by $0.15 .
- Revenue of $961M (-0.5% Y/Y) in-line.
- North America decreased 3%
- Rest of World increased 6%, an increase of 12% in local currency.
- Strong operating cash flow and free cash flow of $260.2 million and $236.0 million respectively, driven by higher earnings and working capital management.
- 2023 Outlook raised to: Sales flat, to up 2%, compared to 2022; EPS of between $3.38 and $3.53 and adjusted EPS between $3.45 and $3.60
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A. O. Smith GAAP EPS of $1.04 beats by $0.15, revenue of $961M in-line