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Market commentary Apr 2006 Verified

A. O. Smith Cautions on HVAC Segment in Second Half of 2006

A. O. Smith noted that the HVAC segment could prove difficult in the second half of 2006, especially if extended cool spring weather tempers the normal air-conditioning buying season, following record-breaking performance in 2005.

“Additionally, because of the record-breaking performance in the air-conditioning segment in 2005, the company believes that the HVAC segment could prove difficult in the second half of the year, especially if extended cool spring weather tempers the normal air-conditioning buying season.”

Entities

HVAC Sentiment: Negative

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