Welcome to our dedicated page for A O Smith news (Ticker: AOS), a resource for investors and traders seeking the latest updates and insights on A O Smith stock.
A. O. Smith Corporation (NYSE: AOS) is a global water technology manufacturer headquartered in Milwaukee, Wisconsin, known for residential and commercial water heating equipment, boilers and water treatment products. The AOS news feed on Stock Titan aggregates company-issued announcements and regulatory disclosures so readers can follow how this manufacturing business communicates its performance and strategy.
News about A. O. Smith frequently covers quarterly earnings results, including segment performance in North America and Rest of World, changes in operating margins, cash flow trends and updated outlook ranges for net sales and diluted earnings per share. These releases often explain the drivers behind results, such as water heater and boiler demand in North America, economic conditions in China and growth in markets like India.
Investors can also track capital allocation and shareholder return actions through the news stream, including announcements of dividend rate increases and share repurchase activity. The company has highlighted that it has increased its dividend each year for over 30 years, and news items describe board decisions on quarterly dividend rates.
Another key theme in AOS news is strategic activity, such as the signing and completion of the acquisition of LVC Holdco LLC (Leonard Valve). Related releases outline how this transaction expands A. O. Smith’s presence in the water management market, enhances digital capabilities and broadens its integrated product offering with commercial and institutional customers. Leadership and governance updates, including executive appointments in legal, compliance and digital roles, are also disclosed through news items.
For investors and observers interested in water heating, boilers, water treatment and water management technologies, the AOS news page provides a centralized view of the company’s earnings announcements, strategic moves, financing decisions and leadership changes. Regular visits can help readers understand how A. O. Smith frames its business performance and long-term priorities.
A. O. Smith Corporation will announce its fourth quarter 2020 financial results on January 28, 2021, before market opening. An investor conference call is scheduled for 10:00 a.m. EST on the same day. The call will be accessible live on the company's website, and an audio replay will be available post-event. A. O. Smith is recognized as a leader in manufacturing water heating equipment, boilers, and water treatment products, and aims to provide innovative energy-efficient solutions worldwide.
A. O. Smith Corporation (NYSE-AOS) reported third quarter net earnings of $105.4 million or $0.65 per share, up from $87.3 million in 2019. Sales reached $760.0 million, a 4% increase year-over-year. Adjusted earnings were $106.7 million, around 22% higher than the same period last year. The North America segment saw 6% sales growth, driven by increased residential water heater volumes and a 19% rise in water treatment product sales. The company raised its full-year earnings forecast to $1.91-$1.94 per share.
On October 12, 2020, A. O. Smith Corporation (NYSE: AOS) announced an 8% increase in its quarterly cash dividend, raising it to $0.26 per share, payable on November 16 to shareholders of record by October 30. The company's CEO, Kevin Wheeler, emphasized a five-year compound annual growth rate of over 22% for dividends, reflecting A. O. Smith's commitment to rewarding its investors. This increase demonstrates the company's financial stability and confidence in future growth amidst challenging market conditions.
A. O. Smith Corporation (NYSE: AOS) will announce its third quarter 2020 financial results before the market opens on October 29, 2020. Following the release, an investor conference call is scheduled for 10:00 a.m. (EDT). Investors can access the call live through the company's website, with an audio replay available afterward. A. O. Smith, headquartered in Milwaukee, is a leading manufacturer of water heating equipment, boilers, and water treatment products, focused on innovative technology and energy-efficient solutions.
A. O. Smith Corporation (AOS) reported Q2 2020 net earnings of $67.8 million ($0.42/share), down from $102.1 million ($0.61/share) in Q2 2019. Sales decreased by 13% to $663.9 million from $765.4 million year-over-year. Adjusted earnings fell 29% to $72.8 million, excluding $5.0 million in severance costs. North America segment sales were $480.5 million, down 8%, with 19% organic growth in water treatment products. The Rest of World segment sales fell by 24%. The company maintains a strong balance sheet with $568.7 million in cash and $332 million borrowing capacity.
A. O. Smith Corporation (NYSE:AOS) has declared a quarterly cash dividend of $0.24 per share on its Common and Class A Common Stock.
This dividend is scheduled to be paid on August 17, 2020, to shareholders on record as of July 31, 2020.
A. O. Smith Corporation (NYSE:AOS) announced the retirement of Peter Martineau as Chief Information Officer, effective late August 2020, after over 25 years with the company. S. Melissa Scheppele has been appointed as his successor, starting July 13, 2020. Scheppele brings extensive IT leadership experience from previous roles at Triumph Group and Ascend Performance Materials. She will be responsible for the company's IT growth and strategy, joining the Executive Leadership Team to shape corporate direction.
A. O. Smith Corporation (NYSE: AOS) will announce its second quarter 2020 financial results on July 30, 2020, before market opens. An investor conference call is scheduled for 10:00 a.m. EDT the same day. Interested parties can listen live on the company's website, where an audio replay will be available post-event. A. O. Smith, headquartered in Milwaukee, is a leading manufacturer of residential and commercial water heating equipment, as well as water treatment solutions.