A. O. Smith (AOS) Q1 Earnings Top Estimates, Sales Rise Y/Y

A. O. Smith Corporation’s (AOS) first-quarter 2024 adjusted earnings of $1.00 per share surpassed the Zacks Consensus Estimate of 99 cents. The bottom line increased 6% on a year-over-year basis.Net sales of$ 978.8 million missed the consensus estimate of $995 million. However, the top line inched up 1% year over year, driven by strong demand for commercial water heaters in North America.Segmental DetailsA. O. Smith’s quarterly sales in North America (comprising the United States and Canada operations) incr ...