Why A O Smith Shares Are Sliding Today
A O Smith Corp (NYSE:AOS) reported first-quarter FY22 sales growth of 27% year-over-year to $978 million, beating the consensus of $967.05 million. Adjusted EPS improved 31% Y/Y to $0.77, beating the consensus of $0.75. Gross margin contracted 260 bps to 35%. North America segment sales rose 32% to $730.1 million, driven by…
Benzinga ·
Benzinga
