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A.O. Smith Reports Q3 EPS Surprise and Announces Sale of China Business Stake

Earnings Whispers · ·by G4L

AOS
AOS A.O. Smith Corp
$64.55 -3.03%
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  1. 1A.O. Smith recorded a Q3 EPS of $0.93, achieving a 3.3% surprise over expectations.
  2. 2A.O. Smith announced an agreement to sell an 81% stake in its China business to CPE.
  3. 3Management raised the annual boiler guidance from 6-8% to 10-12%.

So what's the key point?

A.O. Smith earned $0.93 more than expected and decided to sell its stake in the China business. The company also raised its sales growth outlook for boilers.

Source Earnings Whispers · View original ↗

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