A.O. Smith reports Q1 adjusted EPS 94c, consensus 78c

Reports Q1 revenue $966.4M, consensus $922.26M. "A. O. Smith delivered strong performance in the first quarter driven by resilient water heater demand and lower year-over-year steel costs. China sales aligned with our expectations and improved sequentially throughout the quarter," noted Kevin Wheeler, chairman and chief executive officer. "I am pleased with the outstanding performance of the global team to meet customer demand and deliver strong results."