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 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 Corporation (NYSE: AOS) has acquired Master Water Conditioning Corporation, a Pennsylvania-based water treatment company, in an undisclosed all-cash deal. This acquisition aims to enhance A. O. Smith's North American water treatment presence, joining previous acquisitions like Aquasana and Hague Quality Water. Master Water, established in 1967, specializes in residential and commercial water systems. D. Samuel Karge, A. O. Smith's president of North American Water Treatment, highlighted Master Water's strong market reputation and innovative products as key benefits of the acquisition.
A. O. Smith Corporation (NYSE: AOS) has declared a regular quarterly cash dividend of $.26 per share on its Common Stock and Class A Common Stock. This dividend will be payable on August 16, 2021, to shareholders on record as of July 30, 2021. A. O. Smith is a leader in innovative technology and energy-efficient solutions in residential and commercial water heating, water treatment, and air purification products.
A. O. Smith Corporation (NYSE: AOS) will announce its second quarter 2021 financial results on July 29, 2021, before market opening. Following this announcement, an investor conference call will take place at 10:00 a.m. EDT. The call can be accessed live through the company's website, where an audio replay will be available afterward. A. O. Smith is a global leader in energy-efficient water heating solutions, with products sold worldwide. For more information, visit www.aosmith.com.
A. O. Smith Corporation (NYSE: AOS) reported a strong Q1 2021, with sales reaching $769.0 million, a 21% increase from Q1 2020, and net earnings of $97.7 million, up 89%. The record EPS of $0.60 reflects an 88% rise year-over-year. Guidance for the year has been upgraded to a sales growth of 14-15% and EPS of $2.55 to $2.65, indicating a robust demand despite supply chain challenges. Cash flow from operations improved to $104.4 million, boosting liquidity as the company repurchased shares and renewed its credit facility.
A. O. Smith Corporation has announced a quarterly cash dividend of $.26 per share for its Common Stock and Class A Common Stock. The dividend, reflecting the company's commitment to returning value to shareholders, is payable on May 17 to shareholders on record as of April 30, 2021.
As a leader in the water heating and treatment industry, A. O. Smith continues to demonstrate its financial stability and growth potential in the market.
A. O. Smith Corporation (NYSE: AOS) will announce its first quarter 2021 financial results before market opens on April 29. An investor conference call is scheduled for 10:00 a.m. EDT on the same day to discuss the results. Investors can listen to the call live on the company's website, with an audio replay available afterward. A. O. Smith is a leading global manufacturer specializing in water heating equipment, water treatment, and air purification solutions.
A. O. Smith Corporation (NYSE: AOS) has nominated Victoria M. Holt and Michael M. Larsen to its board of directors, replacing retiring members Paul W. Jones and William P. Greubel, effective April 13, 2021. Holt, former CEO of Proto Labs, brings experience in digital manufacturing, while Larsen, CFO of Illinois Tool Works, has a strong financial background. Their addition aims to enhance the board's strategic capabilities. The annual meeting for board member election is scheduled for April 13, 2021.
A. O. Smith Corporation (AOS) reported 2020 sales of $2.9 billion, down 3% from $3.0 billion in 2019, due to pandemic-related impacts, particularly in China. Net earnings reached $344.9 million or $2.12 per share, a decline from $370.0 million or $2.22 in 2019. The fourth quarter saw record sales of $834.5 million, an 11% increase from 2019, driven by high residential water heater demand. The company anticipates 2021 earnings between $2.40 and $2.50 per share, a 13% increase year-over-year. Cash on hand totaled $689.6 million as of December 31, 2020.
A. O. Smith Corporation (NYSE: AOS) has declared a regular quarterly cash dividend of $.26 per share on its Common Stock and Class A Common Stock. This dividend is set to be paid on February 16 to shareholders of record as of January 29, 2021. A. O. Smith is a global leader in innovative technology and energy-efficient solutions in water heating equipment, boilers, and water treatment products.
Summary not available.