A.O. Smith (AOS) Misses Q1 EPS by 4c

A.O. Smith (NYSE: AOS) reported Q1 EPS of $0.53, $0.04 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $748.2 million versus the consensus estimate of $763.25 million.

GUIDANCE:

A.O. Smith sees FY2019 EPS of $2.69-$2.75, versus the consensus of $2.71.

"We have updated our 2019 earnings per share guidance to a range of $2.69 and $2.75 per share, with no change to the midpoint, which represents a four percent increase compared with our 2018 adjusted earnings per share.

"We expect both operating segments to improve significantly in the second half of the year compared with the first half of 2019. We project significantly improved second half year-over-year performance, primarily in our North America segment as a result of weakness experienced in the third quarter of 2018," Wheeler concluded.

A. O. Smith will broadcast a live conference call at 10 a.m. Eastern Daylight time today. The call can be heard on the company's web site, www.aosmith.com. An audio reply of the call will be available on the company's web site after the live event.

For earnings history and earnings-related data on A.O. Smith (AOS) click here.

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