A.O. Smith raises FY23 adjusted EPS view to $3.70-$3.80 from $3.45-$3.60

Consensus $3.63 .Raises FY23 revenue view to $3.8B-$3.85B from $3.75B-$3.83B, consensus $3.79. “We are very pleased with our team’s continued execution through the third quarter, in particular, our margin performance. Our strong results, resilience in North America water heater demand and our current view of our price cost relationship give us confidence to raise our full year outlook,” stated Wheeler. “Our revised outlook for the full year 2023 projects our sales to grow approximately 2% compared to last year. We raised our expected full year adjusted EPS to be between $3.70 and $3.80, a 19% year-over-year increase at the mid-point.”