AOS - Why A.O. Smith Stock Is Down Today
2024-04-25 12:06:29 ET
Water heater manufacturer A.O. Smith (NYSE: AOS) had a solid first quarter, but warned some of those sales were likely pulled forward from future quarters.
Investors are focused on what is to come, sending A.O. Smith shares down 7% as of 11:30 a.m. ET.
A.O. Smith is one of the world's largest manufacturers of commercial and residential water heaters and water treatment products. The company earned $1 per share in the first quarter on sales of $978.8 million, a mixed result relative to Wall Street's consensus estimate of a $0.98-per-share profit on $996 million in sales.
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Why A.O. Smith Stock Is Down Today