Articles > Newspapers > U.S. Newspapers, Major Markets > The Milwaukee Journal Sentinel (Milwaukee, WI) news wires > October 2009

Article: A.O. Smith reports jump in earnings But firm says sales declined in quarter

Article from:
The Milwaukee Journal Sentinel (Milwaukee, WI)
Article date:
October 17, 2009
Author:
Copyright

By JOHN SCHMID

A.O. Smith Corp. on Friday reported a six-fold jump in third- quarter earnings while sales in the period slumped almost 17%.

The Milwaukee-based maker of water heaters and electric motors said its earnings included a gain of $3 million from the sale of a motor-manufacturing plant in China and a $1.5 million tax benefit. Company officials also cited robust growth in China, cost cuts and a temporary decline in raw material costs.

Net income totaled $34.6 million, or $1.14 a share, compared with $5.8 million, or 61 cents, a year ago. Analysts had expected earnings of about 69 cents. Sales fell to $501.5 million.

Paul Jones, chairman and chief executive, increased the company's ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: STOCK IN THE NEWS< A. O. SMITH CORP.(Business)
Wisconsin State Journal (Madison, WI);  January 26, 2001 ;     482 words ... ... SOURCE: First Call/Thomson Financial Company profile A.O. Smith Corp., (NYSE: AOS) reported a fourth-quarter net loss of ... last year. For the year, the Milwaukee company reported net income of $29.8 million or $1.76 per share on sales of $1 ...

Article: Executive Business Briefing.
United Press International;  April 12, 2002 ;     700+ words ... ... April 12 (UPI) -- Motor manufacturer A.O. Smith Corp. said its first quarter net income rose to $12.1 million, or 50 cents a share ... The company said it expects its first quarter net income to be about 30 percent below last year's ...

Article: EXECUTIVE BUSINESS BRIEFING
United Press International;  April 12, 2002 ;     603 words ... ... April 12 (UPI) -- Motor manufacturer A.O. Smith Corp. said its first quarter net income rose to $12.1 million, or 50 cents a share ... The company said it expects its first quarter net income to be about 30 percent below last year's ...

Article: STOCK IN THE NEWS.(BUSINESS)
Wisconsin State Journal (Madison, WI);  January 22, 2005 ;     393 words ... ... Journal research A.O. Smith Corp. Daily close $27.24 ... Company profile A.O. Smith Corp. (NYSE: AOS) posted fourth-quarter net income of $4.4 million, or ... bigcharts.com A.O. Smith Corp.

Article: Net income showed gains at these life insurers in ...
National Underwriter Life & Health-Financial Services Edition;  April 9, 1990 ;     700+ words ...Net Income Showed Gains At These Life Insurers In ... over the year before. Travelers 1989 net income zoomed to $455 million from $55 million ... Travelers said that the increase in 1989 net income "reflected significantly fewer impairments ...

Article: Nexus for non-net-income-based taxes.
The Tax Adviser;  April 1, 1999 ;     700+ words ... ... taxed in those states that have non-net-income-based taxes other than sales/use ... protects taxpayers from taxes measured by net income, not taxes measured by some other factor ... stock, etc.). Taxes Not Measured By Net Income States that impose tax based on a measurement ...

Article: Phillips Net Income Down 84.6% for Year / Up for ...
The Journal Record;  January 29, 1988 ;     700+ words ...A 84.6 percent decrease in net income to $35 million, or 6 cents per share, was reported ... Phillips Petroleum Corp. of Bartlesville. The net income for the year is down from net income of $228 million, or 89 cents per share, in 1986 ...

Article: ENDESA Reports Net Income of Euro 1,255 Million in ...
Business Wire;  July 25, 2007 ;     700+ words ...Net income grew 11.9% on a like-for-like ... BUSINESS LINES AGAINST A DEMANDING BACKDROP Net income from business in Spain and Portugal stood ... electricity and lower pool prices. In Europe, net income jumped 1.5% to Euro 206 million on ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives