/C O R R E C T I O N - A. O. Smith Corporation/
July 15 2004 - 10:34AM
PR Newswire (US)
/C O R R E C T I O N - A. O. Smith Corporation/ In the news
release, A. O. Smith Announces Second Quarter Earnings of $.58 Per
Share, issued earlier today by A. O. Smith Corporation over PR
Newswire, the following financial table, titled 'Business
Segments', was inadvertently omitted by PR Newswire. A. O. SMITH
CORPORATION AND SUBSIDIARIES Business Segments (dollars in
millions) Three Months ended Six Months ended June 30 June 30 2004
2003 2004 2003 Net sales Electrical Products $227.7 $227.6 $451.3
$440.7 Water Systems 209.6 190.0 402.5 364.8 $437.3 $417.6 $853.8
$805.5 Operating earnings Electrical Products $17.4 $18.6 $34.5
$36.2 Water Systems 18.7 17.8 27.5 29.9 36.1 36.4 62.0 66.1
Corporate expenses (6.9) (4.2) (13.5) (10.1) Interest expense (3.2)
(3.0) (6.4) (5.9) Earnings before income taxes 26.0 29.2 42.1 50.1
Provision for income taxes (8.7) (9.4) (14.1) (16.6) Net earnings
$17.3 $19.8 $28.0 $33.5 DATASOURCE: A. O. Smith Corporation
CONTACT: Media, Edward O'Connor, +1-414-359-4100, or
Analyst-Investor, Craig Watson, +1-414-359-4009, both of A.O. Smith
Corporation Web site: http://www.aosmith.com/
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