A.O. Smith reports sales decline in 2019 driven by weaker demand in China
January 28, 2020 at 11:03 AM EST
Milwaukee-based A.O. Smith Corporation, a manufacturer of water heating equipment, water treatment and air purification products, reported a 6% decline in 2019 sales at $3.0 billion from $3.2 billion in 2018. A.O. Smith (NYSE: AOS) pointed to a 23% decline in China sales to affect the overall fiscal 2019 sales.
