January 24, 2013 at 14:24 PM EST
A.O. Smith Earnings Top On Housing Uptick, Sandy
The uptick in the housing market is good news, not only for homebuilders, but for companies that make appliances and other housing fixtures. On Thursday, A.O. Smith (AOS), a water heater manufacturer, reported Q4 results above estimates. The company, which makes commercial and residential water heaters under a variety of labels like State and American, said fourth-quarter EPS jumped 32% to 91 cents, beating analyst estimates by 10 cents. Sales
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