A. O. Smith continuing operations achieve record sales and earnings for 2012 driven by acquisition and organic growthSubscribe to RSS feed
MILWAUKEE, Jan. 24, 2013 /PRNewswire/ -- Water technology company A. O. Smith Corporation (NYSE-AOS) today announced record sales of $1.94 billion and earnings of $162.6 million, or $3.49 per share, from continuing operations for 2012.
Sales from continuing operations for 2012 grew 13 percent from $1.71 billion recorded in 2011. The Lochinvar business, acquired in August 2011, added $225.7 million to sales compared with $75.9 million in 2011, and sales of A. O. Smith branded products in China grew 20 percent to approximately $448 million for the year. (more)