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A. O. Smith Corporation
A. O. Smith Reports Record Second Quarter Earnings of $1.06 Per Share; Increases 2008 Forecast to $2.70 - $2.85 Per Share
August 1st, 2008
A. O. Smith Corporation (NYSE:AOS) announced that second quarter earnings increased eighteen percent over second quarter 2007 results to $31.9 million while earnings per share increased twenty two percent to $1.06. Reported earnings in the quarter included a net benefit of $0.03 per share resulting from a cumulative currency translation gain related to the closure of the company's operation in Budapest. Sales for the quarter ended June 30 were $622.2 million, slightly higher than second quarter 2007 sales of $611.5 million. "Our operating units are performing well in the most difficult economy in recent memory," Paul W. Jones, chairman and chief...
Source: Health Business Week (2008-08-01)
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