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A.O. Smith Corporation's (AOS) strong demand for commercial water heaters and boilers in North America and organic sales from India are driving growth. The company expects sales from its North America boiler business to grow 4-6% this year and from commercial water heaters to increase in low-single digits. AOS has a sound liquidity position and pays dividends and repurchases shares. However, lower volumes in China and rising operating expenses pose challenges.
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