A. O. Smith stock rallies 12% on Q4 earnings beat

Jan. 31, 2023 2:04 PM ETAOSBy: Pranav Ghumatkar, SA News Editor1 Comment
  • A. O. Smith (AOS) saw 6% decrease in Q4 net sales to $692M as pricing actions and higher boiler volumes driven by backlog reduction were more than offset by weaker residential water heater demand.
  • In local currency, segment sales decreased by approximately 4% year-over-year.

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