China Market ChallengesAOS's growth/profitability targets for China are looking increasingly unattainable, noting stimulus benefits will likely prove minor and/or short-lived in nature.
Demand And Revenue DeclineLocal sales in China declined by 17% in 3Q24, much worse than expected, with China specifically trending below its targeted range.
Earnings GuidanceFull-year adjusted EPS guidance was lowered to $3.70-3.85 from $3.95-4.10 previously.