A. O. Smith (AOS) Q4 Earnings Beat Estimates, Sales Rise Y/Y

A. O. Smith Corporation’s (AOS) fourth-quarter 2023 adjusted earnings of 97 cents per share surpassed the Zacks Consensus Estimate of adjusted earnings of 96 cents. The bottom line jumped 13% year over year, driven by the continued strong demand for residential water heaters in North America.Net sales of $988.1 million narrowly missed the consensus estimate of $989 million. However, the top line increased 5.6% year over year.Segmental DetailsA. O. Smith’s quarterly sales in North America (comprising the Uni ...