A. O. Smith Corporation (AO Smith) manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers and water treatment products. The company primarily operates through two business segments: North America and Rest of World. AO Smith’s rest of the world segment is primarily comprised of China, Europe and India. North America segment is engaged in the manufacturing and marketing of water system tanks. Its rest of world segment also manufactures and markets in-home air purification products in China. The company primarily sells its products under the A. O. Smith and State brands. AO Smith’s distribution channel includes more than 1,300 independent wholesale plumbing distributors serving residential and commercial end markets.
Company’s revenues for the fiscal year ended December 2017 were $2,997 million surpassing 2016 sales of $2,686 million by 11.6%. Revenue growth was primarily due to higher sales in China as well as higher sales of water heaters and boilers in North America.
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