A.O. Smith: 4Q Earnings Snapshot
MILWAUKEE (AP) _ A.O. Smith Corp. (AOS) on Tuesday reported fourth-quarter profit of $126.3 million.
The Milwaukee-based company said it had net income of 74 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The maker of water heaters and boilers posted revenue of $812.5 million in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $825.9 million.
For the year, the company reported profit of $444.2 million, or $2.58 per share. Revenue was reported as $3.19 billion.
A.O. Smith expects full-year earnings to be $2.67 to $2.77 per share.
A.O. Smith shares have climbed 13 percent since the beginning of the year. The stock has fallen 29 percent in the last 12 months.