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A O Smith achieves Q2 growth of 8% in net earnings and 11% in sales.

M2 EQUITYBITES-July 27, 2017-A O Smith achieves Q2 growth of 8% in net earnings and 11% in sales

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Water technology company A O Smith Corporation (NYSE-AOS) disclosed on Wednesday its record net earnings of USD92.4m (USD0.53 per share) for Q2 2017.

This marks an improvement when compared with net earnings of USD87.1 (net earnings per share of USD0.49) in the Q2 of 2016,

Net sales of USD738.2m were recorded for second quarter 2017, up against net sale of USD667.0 in the Q2 2016.

The company said the net earnings per share grew 8% in the Q2 2017 from second quarter 2016 net earnings. The sales in the quarter ended 30 June grew almost 11% compared with sales in the same period in 2016.

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Publication:M2 EquityBites (EQB)
Article Type:Financial report
Date:Jul 27, 2017
Words:148
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