A.O. Smith reports profit of $89.3M

Freeman Staff

May 1, 2019

MILWAUKEE A.O. Smith Corp. on Tuesday reported first-quarter profit of $89.3 million.

On a per-share basis, the Milwaukee-based company said it had net income of 53 cents, short of a Zacks Investment Research survey for earnings of 59 cents per share.

The maker of water heaters and boilers posted revenue of $748.2 million in the period, also falling short of Street forecasts.

A.O. Smith expects fullyear earnings in the range of $2.69 to $2.75 per share.

A.O. Smith shares have climbed 31% since the beginning of the year.