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 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.