Helped by a 16 percent increase in sales in China, A.O Smith
Corporation announced Tuesday its net earnings had increased by
just over $4 million in the third quarter compared to last year
to $50.6 million.
resulted in an increase in earnings per share of $0.06 to $0.56.
Overall, the company saw an 8.5 percent increase in sales to
CEO Ajita G. Rajendra credited a growing home construction
market for increased demand for residential water heaters.
Rajendra said demand for water heaters and water treatment
products had a particularly favorable impact in China.