A. O. Smith reported Q3 diluted EPS of $0.93, down 1% YoY, on net sales of $941 million, roughly flat. North America segment sales rose 3% on boiler growth and pricing, offset by lower residential water heater volumes. Rest of World sales fell 7% on continued China weakness. The company also announced the sale of an 81% stake in its China business to CPE for ~$400 million enterprise value, with total value including brand licensing expected to exceed $500 million.
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