A O Smith Stock Price, News & Analysis

A. O. Smith Corporation reported its first quarter 2023 results, highlighting sales of $966 million, a 1% year-over-year decline. Notably, North America saw a 3% increase in sales, while the Rest of World segment experienced a 14% drop, adversely impacted by currency fluctuations and reduced demand in China. The company's net earnings were $126.9 million, resulting in a record EPS of $0.84, an increase of 11% from the previous year. Adjusted earnings, excluding a $15.6 million impairment related to its Turkey business, stood at $142.5 million, with an adjusted EPS of $0.94, a 22% increase. A. O. Smith raised its full-year EPS guidance to between $3.20 and $3.40, anticipating flat sales compared to 2022. The company also announced a $0.30 dividend per share, maintaining a history of 83 consecutive years of dividends.

A. O. Smith Corporation (NYSE: AOS) has announced a quarterly cash dividend of $.30 per share on its Common and Class A Common Stock. This dividend will be distributed on May 15, 2023, to shareholders recorded by April 28, 2023. A. O. Smith, based in Milwaukee, is a global leader in manufacturing innovative water heating solutions and treatment products, serving both residential and commercial markets.

A. O. Smith Corporation (NYSE: AOS) will announce its first quarter 2023 financial results before the market opens on April 27, 2023. An investor conference call is scheduled for 10:00 a.m. EDT on the same day. The live audio of the call will be available on the company's website, and a replay will be accessible afterward. A. O. Smith is a global leader in manufacturing residential and commercial water heating equipment and treatment products.

A. O. Smith Corporation (NYSE: AOS) reported record sales of $3.8 billion for 2022, a 6% YoY increase, despite challenges in the water heater market. Net earnings dropped 52% to $235.7 million, leading to a 50% decline in diluted EPS to $1.51. Adjusted earnings rose 6% to $488.7 million, with adjusted EPS reaching $3.14. Looking ahead, sales for 2023 are forecasted to be flat compared to 2022, with EPS guidance between $3.15 and $3.45. The company emphasizes improved profitability and strategic capital allocation for growth amid ongoing supply chain and market challenges.

A. O. Smith Corporation (NYSE: AOS) has declared a regular quarterly cash dividend of $.30 per share on its Common Stock and Class A Common Stock. This dividend is scheduled to be paid on February 15, 2023, to shareholders on record as of January 31, 2023. The company, based in Milwaukee, Wisconsin, specializes in innovative technology and energy-efficient solutions in the manufacturing of water heating and treatment products, positioning itself as a global leader in the industry.