Plumbing and Mechanical

A.O. Smith Announces Cost reduction Measures

December 3, 2001
In response to current and expected market conditions, A.O. Smith announced plans to reduce operating expenses in the electric motor business with a 10 percent reduction of its salaried workforce, the shift of additional motor assembly and parts operations to Mexico, and consolidation of warehouse operations. The company reported third quarter earnings of $0.4 million or two cents per share on sales of $269 million.