A.O. Smith tops, ups outlook

Investor's Business Daily

The commercial and residential water heater maker said Q1 EPS jumped 41% to 96 cents, beating views by 19 cents. Sales rose 9% to $509.6 mil on improved volumes in the U.S. and higher sales in China. Sales at the N. America segment rose 7.2% to $378.7 mil. Sales at the rest-of-world segment, which includes China, India and Europe, climbed 11.4% to $138.3 mil. A.O. Smith (AOS) raised its full-year EPS outlook to $3.40-$3.56. Analysts see $3.43. Shares rose 5% to 73.36.

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