A. O. Smith Corporation reports developments in water heating, boiler and water treatment markets through its North America and Rest of World segments. Company news commonly covers residential and commercial water heater demand, boiler volumes, pricing, margin trends, cash flow, dividends, share repurchases and operating conditions in China and India.
Updates also include acquisitions that expand the company’s water management platform, including Leonard Valve, a provider of water temperature and flow control systems, digital and thermostatic mixing systems and related monitoring devices. Governance, ethics and compliance recognition also appear in company announcements alongside quarterly results and outlook updates.
A. O. Smith (NYSE: AOS) reported third-quarter 2026 net earnings of $126.3 million, down 4% from the prior-year quarter. Sales were $940.5 million versus $942.5 million, while diluted earnings per share fell 1% to $0.93. North America sales rose 3% to $761.6 million; Rest of World sales fell 7% to $192.8 million.
Definitive agreements provide for CPE to acquire 81% of the China business, valued at approximately $400 million on a cash-free, debt-free basis. A. O. Smith will retain 19% and a long-term brand license. Closing is expected in the first half of 2027, subject to regulatory approvals. Excluding China for all of 2026, the company forecasts sales of $3,270 million–$3,290 million and adjusted EPS of $3.42–$3.52. Nine-month free cash flow rose 4% to $396.2 million. The board approved a 6% dividend-rate increase.
A. O. Smith (NYSE: AOS) signed definitive agreements for CPE to acquire an 81% interest in its China business. A. O. Smith will retain 19% and receive ongoing royalties under a long-term brand license. The transaction values the business at approximately $400 million on a cash-free, debt-free basis, excluding licensing royalties. Including the net present value of licensing payments over the multi-decade period, the company expects total value to exceed $500 million.
The structure will enable repatriation of approximately $80 million held in China. A. O. Smith intends to prioritize share repurchases using after-tax proceeds and repatriated cash following closing. Closing is expected in the first half of 2027, subject to regulatory approvals and customary conditions. The agreements follow a review of alternatives for the China business announced in July 2025.
A. O. Smith (NYSE: AOS) approved an increase in its quarterly cash dividend to $0.38 per share. The 6% increase applies to Common Stock and Class A Common Stock. The dividend is payable Nov. 16, 2026, to shareholders of record Oct. 30, 2026.
The company said it has increased its dividend for more than 30 consecutive years.
A. O. Smith (AOS) will release third-quarter 2026 financial results before the market opens on October 29, 2026.
An investor conference call will follow at 10:00 a.m. Eastern Daylight Time, streamed live at www.aosmith.com. An audio replay will be available afterward through the Investors page under the Third Quarter Conference Call link.
A. O. Smith (NYSE: AOS) reported Q2 2026 net sales of $1.00 billion, down 1% YoY, with net earnings of $124.9 million and diluted EPS of $0.91, both below Q2 2025. Adjusted earnings were $142.0 million and adjusted EPS $1.03, reflecting exclusion of $22.6 million in North America water treatment restructuring and impairment costs.
North America sales rose 5% to $820.5 million, including a $16 million contribution from the Leonard Valve acquisition and 21% boiler growth; Rest of World sales fell 19% to $194.9 million amid weaker China demand. First-half operating cash flow increased 42% to $253.8 million and free cash flow 67% to $233.3 million. The company raised its 2026 share repurchase target 50% to $300 million and now guides 2026 sales growth of 2–3%, diluted EPS of $3.60–$3.75, and adjusted EPS of $3.70–$3.85.
A. O. Smith (NYSE: AOS) announced that its directors have declared a regular quarterly cash dividend of $0.36 per share on both Common Stock and Class A Common Stock. The dividend will be paid on Monday, August 17, 2026 to shareholders of record as of Friday, July 31, 2026.
A. O. Smith (NYSE:AOS) will release its second quarter 2026 financial results before the market opens on Thursday, July 30, 2026, followed by an investor conference call at 10:00 a.m. EDT. The live webcast and replay will be available on the company website.
ITT (NYSE:AOS) announced the election of Bertrand Loy and Kevin Wheeler to its Board of Directors, effective August 1, 2026. Loy will join the Audit Committee and Wheeler will join the Nominating and Governance Committee.
Both bring extensive global industrial, M&A and leadership experience.
A. O. Smith (NYSE:AOS) announced that Executive Chairman Kevin Wheeler will retire from the chairman role effective July 1, 2026, while remaining on the board. President and CEO Stephen Shafer has been elected chairman, combining the chairman and CEO roles and continuing to lead global strategy and operations.
A. O. Smith (NYSE:AOS) announced that Carrie L. Anderson will become executive vice president and chief financial officer on July 1, 2026, succeeding Charles T. Lauber, who will retire after more than 26 years. Lauber will remain through September 30, 2026 to support a smooth transition.
Anderson will lead finance, including strategic planning, capital allocation, treasury, controllership, tax and investor relations, bringing prior CFO experience at Campbell and Integra LifeSciences and senior finance roles at Dover and Delphi.