A. O. Smith (AOS) reported Q3 earnings Tuesday of $0.82 per diluted share, down from $0.90 a year earlier.
Analysts polled by Capital IQ expected $0.82.
Net sales for the quarter ended Sept. 30 were $902.6 million, down from $937.5 million a year earlier.
Analysts surveyed by Capital IQ expect $957.8 million.
The company now expects 2024 adjusted earnings of $3.70 to $3.85 per diluted share. That compares with its prior guidance of $3.95 to $4.10. Analysts polled by Capital IQ are looking for $3.78.
Net sales for the year are expected to be between $3.80 billion and $3.90 billion. That compares with $3.97 billion to $4.05 billion previously. Analysts surveyed by Capital IQ expect $3.87 billion.
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