A.O. Smith - Construction Boom Provides Strong Outlook!
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Business Driver: A.O. Smith (AOS) has established a strong market position in ventilation systems, water filters, and boilers for residential homes, as well as corresponding maintenance services for residential and commercial customers. Accordingly, the business continues to grow in line with the emerging recovery of the U.S. construction sector. On January 29, the company surprised with a very strong Q3 result. Revenue was at $3.83 billion, in line with the previous year. Adjusted earnings per share rose 6% to $0.90, exceeding consensus expectations...
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