一种。 O操作。史密斯报告的每股0.53 $第三季度财报


2019年10月29日

威斯康星州密尔沃基市。 - 全球水技术公司 一种。 O操作。澳门申博赌场 (NYSE: AOS) today announced third quarter net earnings of $87.3 million or $0.53 per share on third quarter sales of $728.2 million. Net earnings per share declined 13 percent compared with third quarter 2018 net earnings per share of $ 0.61 

销售在截至9月30日季度的百分之三 lower compared with sales of $754.1 million during the 同一时期在2018年。 

“在美国体积增长热水器和锅炉驱车北固 在本季度美国销售,利润率的改善,”凯文说 惠勒,总裁兼首席执行官。 “中国仍然是 challenging and sales and earnings declines in the region more than offset the 收入和利润增长在北美地区“。

 

北美段

第三季度销售额为5.146亿$的北美 segment, which includes U.S. and Canadian water heaters, boilers and water treatment products, increased six percent compared with $486.9 million in the third quarter of 2018. Higher water heater and boiler volumes in the U.S. were supplemented by approximately $16 million of sales in the recently acquired 初始水权的企业。

的1.216亿$北美部分收益为15 percent higher than segment earnings of $105.6 million in the same quarter in 2018. This was primarily driven by the favorable impact to profits from higher U.S. water heater and boiler volumes, as well as lower steel costs, improvement in the profitability of water treatment sales (without Water-Right) and incremental profits from Water-Right. As a result, third quarter 2019 segment margin of 23.6 %,从去年同期实现了21.7%的改善。

 

世界上段的其余部分

销售这一细分市场,这主要由中国的, Europe and India, decreased 20 percent in the third quarter of 2019 to $220.3 million compared with $274.1 million in the year-ago quarter. China sales declined 20 percent in local currency, primarily related to continued weak consumer demand and previously disclosed above normal channel inventory levels. The weaker Chinese currency unfavorably impacted translated sales by approximately $6 million. India sales grew nine percent in local currency compared with the 同一时期在2018年。 

410万$段收益显著下跌 在2018年的不利第三季度39.1 $美元相比 impact to profits from lower China sales and a higher mix of mid-price products, which have lower margins, more than offset the benefits to profits from lower SG&A expenses. As a result, segment margin declined to 1.9 percent compared 有14.3%的2018年同期。

 

股份回购和 其他项目

前9个月2019年,公司回购 approximately 4.9 million shares of common stock for a total of $230.0 million. Approximately 4.1 million shares remained on the company’s existing repurchase 权威在九月底。

现金和投资,主要位于美国之外, totaled $513.8 million as of September 30, 2019. Cash provided by operations during the first nine months of 2019 of $280.0 million was lower than the $289.2 million in the same period of 2018, primarily due to lower earnings, which were partially offset by lower investment in working capital compared with the prior 年。

 

2019展望

“我很高兴与北美的强劲表现 water heaters and boilers. Our North America water treatment results continue to improve, and our Water-Right acquisition is meeting our expectations,” commented Wheeler. “We face headwinds in our markets in China, and we anticipate that those headwinds and elevated channel inventory levels will remain through the fourth quarter. We project full year China sales to decline 19 percent in local currency and 23 percent in U.S. dollars. As a result, we revised our 2019 EPS guidance to a range of between $2.25 and $2.28 per share, a thirteen percent 在中点下降,与去年同期相比“。

“我们留在我们北方的长期稳定有信心 America replacement demand for water heaters and boilers, which we estimate to be approximately 85 percent of North America water heater and boiler volumes, and optimistic about future growth opportunities in China and India,” concluded Wheeler. “We have the right technologies, people and products to address demands for energy-efficient products in water heating and consumer water treatment needs 随着全球水利基础设施老化“。

一种。 O操作。史密斯将于上午10时播出了电话会议实况 Eastern Daylight time today. The call can be heard on the company’s web site, www.aosmith.com。通话的音频重播将在该公司的 现场活动结束后的网站。

 

前瞻 声明

本新闻稿中包含的语句,该公司认为, are “forward-looking statements” within the meaning of the Private Securities 1995年前瞻性陈述的诉讼改革法案通常可以 be identified by the use of words such as “may,” “will,” “expect,” “intend,” “估计”,“预计”,“相信”,“预测”,“继续”,“指导意见”或 类似含义的词汇。所有前瞻性陈述受 risks and uncertainties that could cause actual results to differ materially from 与预期截至本新闻稿发布之日的。重要因素 可能导致实际结果与这些预期产生重大差异 include, among other things, the following: a further weakening of the Chinese economy and/or a further decline in the growth rate of consumer spending or 房屋销售在中国;从该公司的业务造成负面影响 国际关税和贸易争端;在高电位减弱 efficiency boiler segment in the U.S.; significant volatility in raw material 价格;公司无法实现或维持价格的行为; 美国的潜在弱化住宅或商业建筑或 不稳定,公司的替代市场;外币 fluctuations; the company’s inability to successfully integrate or achieve its strategic objectives resulting from acquisitions; competitive pressures on the company’s businesses; the impact of potential information technology or data 安全漏洞;改变政府法规或监管 要求;和一般的经济,政治的不利发展和 business conditions in key regions of the world. 前瞻 statements included in this press release are made only as of the date of this release, and the company is under no obligation to update these statements to reflect 后续事件或情况。所有后续书面和口头 forward-looking 声明 attributed to the company, or persons acting on its 代表,由这些警示性声明完全合格。

 

关于。 O操作。工匠

一种。 O操作。澳门申博赌场, with headquarters in Milwaukee, Wis., is a global leader 应用创新技术和高效节能的解决方案,产品 在全世界制造和销售。在纽约股票交易所上市 (NYSE), the company is one of the world's leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment and air purification products. For more information, visit www.aosmith.com.

 

资源 一种。 O操作。澳门申博赌场

 

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