Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

A.O. Smith Reports 2003 Earnings
Jan 21, 2004
 Printable format
 Email this Article
 Search

Motor and water heater manufacturer A.O. Smith Corporation reported fourth quarter earnings of U.S. $0.42 per share, in line with previous estimates. Full year earnings were $1.76 compared with 2002 earnings of $1.86 per share. Net earnings were $52.2 million compared with 2002 net earnings of $51.3 million. Sales for the year were $1.53 billion, approximately 4 percent higher than 2002 sales of $1.47 billion.

The company also adjusted its 2004 earnings guidance to a range between $2.20-$2.40 per share from the previous range of $2.40-$2.60 a share. According to A.O Smith, the change is due to raw material cost pressures, particularly for steel, and the loss of a sales contract by a major motor customer. The company expects first quarter earnings to approximate the $0.46 per share earned in the first quarter in 2003.

Back to Daily News

 

Daily News

...........................................................

Apr 24, 2014: BSH Annual Revenue Tops EUR 10 Billion for First Time

Apr 24, 2014: New Home Sales Show Sharp March Drop

Apr 24, 2014: Ingersoll Rand HVAC Segment Reports Strong 1Q

Apr 24, 2014: ASHRAE 2014 Annual Conference Announced For Seattle

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows