A. o. smith announces preliminary third quarter results and provides revised 2022 full year guidance

Summary (comparisons are year-over-year ("yoy"), unless otherwise noted) preliminary third quarter sales of $874 million, a decrease of 4%, as pricing benefits were more than offset by greater than anticipated north america residential water heater channel inventory de-stocking preliminary third quarter earnings per share ("eps") of $0.71, a decrease of 13% and preliminary adjusted eps of $0.69 a decrease of 15% preliminary cash provided by operations of $180.9 million and preliminary free cash flow of $130.0 million in the first nine months of 2022 lowered full year residential water heater industry guidance to be down approximately 12-13% lowered and narrowed full year eps guidance to be between $1.29 and $1.39 compared to prior guidance of $1.56 to $1.76 full year adjusted eps guidance of $3.05 to $3.15 compared to prior guidance of $3.35 to $3.55 milwaukee , oct. 13, 2022 /prnewswire/ -- global water technology company a. o. smith corporation ("the company") (nyse: aos) today announced its preliminary third quarter results and provided revised full year guidance.
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