A. O. Smith (AOS) Q2 Earnings Miss Estimates, Sales Rise Y/Y

A. O. Smith Corporation’s (AOS) second-quarter 2024 adjusted earnings of $1.06 per share missed the Zacks Consensus Estimate of$1.07. However, the bottom line increased 5% on a year-over-year basis.Net sales of $1.02 billion surpassed the consensus estimate of$992 million. The top line increased 7% year over year, driven by strong demand for residential and commercial water heaters in North America.Segmental DetailsA. O. Smith’s quarterly sales in North America (comprising the United States and Canada ope ...