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AO Smith Corporation (AOS) maintains its position as a global leader in water technology solutions through continuous innovation and strategic market expansion. This dedicated news hub provides investors and industry professionals with comprehensive access to official company announcements, financial updates, and operational developments.
Track AO Smith's latest earnings reports, product launches, and strategic partnerships through verified press releases and curated news analysis. Our repository focuses on critical updates including water heater technology advancements, boiler system innovations, and international market expansions across North America, China, and emerging economies.
Key updates include quarterly financial performance, leadership changes, manufacturing facility developments, and sustainability initiatives within the water technology sector. Bookmark this page for real-time access to AO Smith's corporate communications and industry-specific analysis from trusted financial sources.
A. O. Smith Corporation (NYSE: AOS) will release its fourth quarter 2022 financial results on January 31, 2023, before market opening. Following this, an investor conference call is scheduled for 10:00 a.m. (EDT). Investors can access the call live on the company’s website, with a replay available afterward. A. O. Smith, based in Milwaukee, Wisconsin, is a global leader in innovative, energy-efficient water heating and treatment solutions.
A. O. Smith Corporation (AOS) reported Q3 2022 net sales of $874.2 million, down 4% YoY, with net earnings declining by 17% to $109.8 million. Diluted EPS was $0.71, a decrease of 13%. Adjusted EPS was $0.69, reflecting a 15% drop. The company reaffirmed its revised 2022 EPS guidance of $1.29 to $1.39 and adjusted EPS guidance of $3.05 to $3.15. North America sales were flat at $652.9 million, while international sales decreased by 13%. Upcoming pension plan settlements are expected to impact financials significantly in Q4.
Global water technology company A. O. Smith Corporation (NYSE: AOS) reported preliminary Q3 2022 sales of $874 million, a 4% decline YoY, primarily due to inventory de-stocking in North America residential water heaters. Preliminary EPS decreased by 13% to $0.71, with adjusted EPS at $0.69, down 15%. The full-year residential water heater industry guidance was lowered to a decrease of 12-13%. Revised EPS guidance ranges between $1.29 and $1.39, while adjusted EPS is now expected between $3.05 and $3.15. The dividend increased by 7%, continuing 25 years of annual growth.
A. O. Smith Corporation (NYSE: AOS) has announced a 7% increase in its quarterly cash dividend to $0.30 per share, effective for shareholders of record by October 31, 2022. The dividend will be payable on November 15, 2022. CEO Kevin J. Wheeler highlighted the company's confidence in stable replacement demand in its water heating and boiler sectors, with a compound annual growth rate of over 15% for dividends over the past five years, indicating a commitment to returning capital to shareholders.
A. O. Smith Corporation (NYSE: AOS) will release its third quarter 2022 financial results on October 27, before market open. Following the release, an investor conference call is scheduled for 10:00 a.m. (Eastern Daylight Time). The call will be available live on their website, with an audio replay accessible afterward. A. O. Smith is a leader in manufacturing water heating equipment and treatment products, focusing on innovative technology and energy-efficient solutions. For more details, visit www.aosmith.com.
A. O. Smith reported second quarter 2022 results with net sales of $966 million, a 12% increase year-over-year, primarily due to inflation-related pricing actions. Net earnings reached $126.2 million (+7%) and earnings per share (EPS) rose to $0.81 (+11%). The company reaffirmed its EPS guidance for 2022 between $1.56 and $1.76. Challenges included lower residential water heater volumes in North America and headwinds in China. The company’s capital allocation focused on a $400 million share repurchase program and a $0.28 dividend declaration.
A. O. Smith Corporation (NYSE: AOS) appointed Noelle Brigham as its new Environmental, Social and Governance (ESG) Director on July 25, 2022. With over 20 years of experience in sustainability and environmental engineering, Brigham will lead the company's ESG initiatives, developing strategies to integrate sustainability into business operations. Previously, she held a significant role at S. C. Johnson & Son, and she is currently completing her PhD at Marquette University. A. O. Smith aims to strengthen its sustainability commitments under Brigham's leadership.
On July 11, 2022, A. O. Smith Corporation (NYSE: AOS) declared a quarterly cash dividend of $.28 per share on its Common and Class A Common Stock. The dividend will be paid on August 15, 2022, to shareholders on record as of July 29, 2022. A. O. Smith is a global leader in innovative technology and energy-efficient solutions for residential and commercial water heating equipment and boilers, with headquarters in Milwaukee, Wisconsin.
A. O. Smith Corporation (NYSE: AOS) will announce its second quarter 2022 financial results before market open on July 28, 2022. 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, based in Milwaukee, is a leading manufacturer of water heating equipment and treatment products globally.
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