A. O. Smith

A. O. Smith Corp. manufactures residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. It operates through the following two segments: North America and Rest of World. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks. The Rest of World segment includes China, Europe, and India and manufactures and markets water treatment products. The company was founded by Charles Jeremiah Smith in 1874 and is headquartered in Milwaukee, WI.

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A. O. Smith (AOS) reports record sales and earnings growth, eyes market expansion in 2023

A. O. Smith (AOS) delivered strong financial performance in Q4 2022, with record sales and earnings growth despite challenges, showcasing resilience and strategic focus.
The company's strengths lie in its robust boiler segment performance, commitment to ESG values, and capital allocation priorities, positioning it for sustainable growth and shareholder value creation.
While facing challenges such as supply chain disruptions and COVID-19 impacts on sales, A. O. Smith (AOS) has opportunities for growth in 2023 through market expansion and product innovation.
Overall, A. O. Smith (AOS) is poised for continued success in 2023, with a positive outlook for key segments and strategic initiatives driving future performance and profitability.

A. O. Smith (AOS) achieves record Q1 earnings amidst market challenges

A. O. Smith (AOS) reported a strong first quarter performance with record adjusted EPS and growth in North America water heater sales. The company faces challenges from China's weakened consumer demand and potential issues from rising interest rates. Opportunities lie in organic growth, strategic acquisitions, and innovation.

A. O. Smith achieves record EPS in Q2 2023 amidst market challenges

A. O. Smith delivered a strong second-quarter performance with record EPS and sales growth in key segments.
The company faces challenges in pricing dynamics and consumer behavior but sees opportunities in industry growth and product innovation.
With a focus on sustainability and strategic acquisitions, A. O. Smith remains committed to driving organic growth and shareholder value.

A.O. Smith reports robust Q3 earnings, raises guidance for 2023

A.O. Smith's strong Q3 performance driven by North America sales growth and strategic acquisitions.
Despite challenges in certain segments, the company's focus on innovation and financial stability bode well for future growth.
Revised earnings guidance and robust free cash flow projections signal a positive outlook for shareholders.

A. O. Smith reports record 2023 earnings, eyes growth opportunities

A. O. Smith's strong financial performance in 2023 underscores its market resilience and strategic focus on growth. With a robust free cash flow, increased shareholder returns, and a positive outlook for 2024, the company is well-positioned to capitalize on emerging opportunities and navigate challenges effectively.

A. O. Smith reports robust Q1 earnings, eyes growth opportunities

A. O. Smith's strong Q1 performance and reaffirmed outlook for 2024 demonstrate resilience and strategic focus amidst market challenges.
Focus on product innovation, market expansion, and operational efficiency positions the company for sustained growth and profitability.
Despite short-term challenges in certain markets, A. O. Smith's proactive approach and diversified growth strategies offer a promising outlook for the future.

A.O. Smith achieves record sales, acquires Pureit for market expansion

A.O. Smith's strong performance in Q2 2024 reflects its global growth strategy and market resilience.
While facing challenges in certain segments, the company's strengths in key markets position it well for the future.
By seizing opportunities for expansion and innovation, A.O. Smith aims to sustain its growth trajectory.

A. O. Smith reports Q3 earnings decline, eyes growth opportunities

A. O. Smith faced challenges in Q3 2024 due to weaker consumer demand in key markets, particularly China and North America.
Despite these challenges, the company showcased strengths in diversification, expansion projects, and strategic acquisitions to enhance its product portfolio.
Opportunities lie in the company's optimistic long-term outlook, reaffirmed earnings guidance, and areas identified for potential improvement based on analyst questions.

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A. O. Smith Corp. manufactures residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. It operates through the North America and Rest of World segments. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, and tanks. The Rest of World segment markets water treatment products in China, Europe, and India. The company was founded by Charles Jeremiah Smith in 1874 and is headquartered in Milwaukee, WI.

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U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Friday.

Tesla, A. O. Smith And Other Big Stocks Moving Lower In Friday's Pre-Market Session

The water technology company slashes its earnings outlook for the fiscal year and offers preliminary third-quarter results.

A.O. Smith Stock Sinks on Guidance Cut. CEO Points to ‘Softness in China.

Summary (Comparisons are year-over-year ("YoY"), unless otherwise noted) Preliminary third quarter sales of $903 million, a decrease of 4%, due to lower sales in China and North America water heating Preliminary third quarter earnings per share ("EPS") of $0.82, a decrease of 9% Preliminary cash provided by operations of $360 million and preliminary free cash flow of $283 million in the first nine months of 2024 Lowered full year EPS guidance to be between $3.70 and $3.85 compared to prior guidance of $3.95 to $4.10 MILWAUKEE , Oct. 11, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE: AOS) today announced preliminary third quarter results and provided revised full year guidance.

A. O. Smith Announces Preliminary Third Quarter Results and Provides Revised 2024 Full Year Guidance

A. O. Smith has underperformed other industrial stocks this year, generating only returns of 8%. A. O. Smith's Q3-24 results are expected to be weak, with revenue growth slowing to 2% from the 7% levels seen in Q2. Although the situation isn't alarming, we do have some concerns about the company's dwindling cash position and highlight why its net cash stance could shift to a net debt stance.

Is A. O. Smith A Good Buy Ahead Of Its Q3 Results?

AOS' measures to consistently reward shareholders through dividends and share buybacks hold promise.

A. O. Smith Rewards Shareholders With 6% Dividend Increase

MILWAUKEE , Oct. 7, 2024 /PRNewswire/ -- On Monday, October 7, 2024, the board of directors of A. O. Smith Corporation (NYSE: AOS) approved a 6% increase in the company's quarterly cash dividend rate to $0.34 per share.

A. O. Smith Increases Quarterly Dividend to $0.34 per Share

MILWAUKEE , Oct. 2, 2024 /PRNewswire/ -- A. O. Smith Corporation (NYSE: AOS) will release its third quarter 2024 financial results before the market opens on Tuesday, October 22, and has scheduled an investor conference call to follow at 10:00 a.m.

A. O. Smith to Hold Third Quarter Conference Call on October 22, 2024

A. O. Smith Corporation AOS is poised to gain from improving supply chains, which are driving shipments in North America and internationally. The company's handsome rewards to shareholders add to its appeal.

Here's Why it is Appropriate to Retain A. O. Smith Stock Now

A.O. Smith (AOS) reported earnings 30 days ago. What's next for the stock?

A.O. Smith (AOS) Up 1.4% Since Last Earnings Report: Can It Continue?

A. O. Smith (AOS) gains from strength in its businesses, acquisitions and a solid liquidity position. However, a tough real estate market in China remains a concern.

Reasons to Hold A. O. Smith (AOS) Stock in Your Portfolio Now

A. O. Smith has been around for 150 years and has an excellent track record when it comes to sustainable dividend growth. The company recently published its quarterly earnings, which were poorly received by investors. Higher steel prices and headwinds regarding growth in China are causing mild stagnation in growth and profitability.

A. O. Smith: Short-Term Volatility Could Be A Long-Term Opportunity

A. O. Smith Corporation (NYSE:AOS ) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants Helen Gurholt - VP, IR and Financial Planning & Analysis Kevin Wheeler - Chairman & CEO Chuck Lauber - CFO Conference Call Participants Matt Summerville - D.A. Davidson Jeff Hammond - KeyBanc Capital Markets Susan Maklari - Goldman Sachs Saree Boroditsky - Jefferies Andy Kaplowitz - Citigroup David MacGregor - Longbow Research Scott Graham - Seaport Research Partners Damian Karas - UBS Operator Good day.

A. O. Smith Corporation (AOS) Q2 2024 Earnings Call Transcript

A. O. Smith's (AOS) Q2 results benefit from robust demand for commercial water heaters. Higher sales volumes of kitchen appliance products in China are added positives.

A. O. Smith (AOS) Q2 Earnings Miss Estimates, Sales Rise Y/Y

The headline numbers for A.O. Smith (AOS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

A.O. Smith (AOS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

A.O. Smith (AOS) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.01 per share a year ago.

A.O. Smith (AOS) Misses Q2 Earnings Estimates

Second Quarter 2024 Highlights (Comparisons are year-over-year ("YoY"), unless otherwise noted) Record sales of $1 billion, an increase of 7%, driven by higher water heater volumes Diluted earnings per share (EPS) of $1.06, a YoY increase of 2% and an increase of 5% compared to prior year adjusted EPS  Reaffirm 2024 sales outlook of an increase of 3% to 5% Narrow EPS guidance to a range of between $3.95 and $4.10 Recently announced Pureit acquisition expected to close by the end of 2024 MILWAUKEE , July 23, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE: AOS) today announced its second quarter 2024 results.

A. O. Smith Reports Record Sales in the Second Quarter

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Here is a preview of how five major industrial product stocks, DOV, AVY, PKG, PNR and AOS, are expected to fare in their Q2 results slated to be released this week.

What's in Store for These 5 Industrial Stocks in Q2: Beat or Miss?

Improving water heater volumes in North America, enhanced supply chains and higher shipments are likely to have aided A. O. Smith's (AOS) second-quarter results.

Is a Beat in Store for A. O. Smith (AOS) in Q2 Earnings?

A.O. Smith (AOS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will A.O. Smith (AOS) Beat Estimates Again in Its Next Earnings Report?

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A. O. Smith's (AOS) acquisition of Pureit is set to strengthen its product offerings and boost its position in the water treatment industry.

A. O. Smith (AOS) to Buy Pureit & Expand Presence in India

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Here's Why A.O. Smith (AOS) is a Strong Growth Stock

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Are Industrial Products Stocks Lagging A. O. Smith (AOS) This Year?

Unilever

AO Smith has acquired an India-based home water purification business, Pureit, from Unilever PLC (LSE:ULVR) for $120 million cash. The NYSE-listed water technology company said it expects to complete the deal by the end of 2024.

AO Smith buys India water filter business from Unilever

MILWAUKEE , July 15, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation (the "Company") (NYSE: AOS) announced today that it has signed an agreement to acquire Pureit from Unilever.

News for A. O. Smith Stock (AOS)