A. O. Smith reports mixed Q1 results; reaffirms FY24 outlook

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9 months ago

A. O. Smith press release (NYSE:AOS): Q1 Non-GAAP EPS of $1.00 beats by $0.01.
Revenue of $979M (+1.3% Y/Y) misses by $17.06M.
Strong operating cash flow of $107 million and free cash flow of $85 million
Reaffirm 2024 Outlook:
- Sales outlook of an increase of 3% to 5% vs. estimated growth of 4.18% Y/Y
- EPS guidance with a range of between $3.90 and $4.15 vs. $4.07 consensus.

Tags: AOS