A O Smith Stock Price, News & Analysis

A. O. Smith Corporation (NYSE: AOS) announced that Jim Stern has been appointed president of the Water Quality Association (WQA) as of May 9, 2022. Stern, previously the executive vice president and general counsel, aims to advance the industry's knowledge and professionalism while increasing public awareness about water quality. Since joining A. O. Smith in 2010, he has been instrumental in the company's expansion into water treatment, leading the acquisition of six firms in North America. Chairman Kevin Wheeler highlighted these efforts as pivotal in transforming A. O. Smith into a global water technology leader.

A. O. Smith Corporation (NYSE: AOS) reported strong first quarter results for 2022, with net sales of $978 million, a 27% increase year-over-year. Net earnings rose to $119.8 million (23% YoY), leading to earnings per share of $0.76 (+27%). Adjusted earnings reached $122 million, yielding an adjusted EPS of $0.77 (+31%). The company reaffirmed its 2022 EPS guidance at $1.56 to $1.76. Despite challenges like supply chain issues and rising material costs, A. O. Smith remains focused on profitable growth through innovative products.

A. O. Smith Corporation (NYSE: AOS) has declared a quarterly cash dividend of $.28 per share on its Common Stock and Class A Common Stock. This dividend is set to be paid on May 16 to shareholders of record by April 29, 2022. A. O. Smith is a leader in innovative and energy-efficient water heating solutions, manufacturing products for both residential and commercial markets worldwide. The company emphasizes its commitment to technology and sustainability in its operations.

A. O. Smith Corporation (NYSE: AOS) will announce its first quarter 2022 financial results on April 28, 2022, before market opening. An investor conference call is scheduled for 10:00 a.m. EDT on the same day. The call will be accessible via the company's website, where an audio replay will also be available post-event. A. O. Smith is recognized for its innovative energy-efficient solutions in water heating and treatment products. For further details, visit www.aosmith.com.

A. O. Smith reported record sales of $3.5 billion for 2021, driven by inflation-related pricing actions and strong global demand. Net earnings rose 41% to $487.1 million, with earnings per share (EPS) increasing 42% to $3.02. Operating cash flow improved by 14% to $641.1 million. For 2022, the company anticipates a sales increase of 16% to 18% and EPS between $1.56 and $1.76, despite potential impacts from the Omicron variant and planned pension plan termination expenses.

A. O. Smith Corporation (NYSE: AOS) has declared a quarterly cash dividend of $.28 per share on its Common and Class A Common Stock. This dividend is scheduled for payment on February 15, 2022 to shareholders of record by January 31, 2022. The company, headquartered in Milwaukee, is recognized as a global leader in the manufacture of energy-efficient water heating equipment and water treatment products, showcasing its innovative technology.

A. O. Smith Corporation (NYSE: AOS) will announce its fourth quarter 2021 financial results on January 27, 2022, before market opens. An investor conference call is set for 10:00 a.m. EST on the same day. Interested parties can access the call via the company’s website, with an audio replay available afterward. A. O. Smith is a leading manufacturer of water heating equipment and water treatment products, headquartered in Milwaukee, Wis.

A. O. Smith Corporation reported record Q3 2021 sales of $914.6 million, marking a 20% increase year-over-year, driven by inflation-related pricing actions and high demand. Net earnings rose 25% to $131.6 million, with EPS up 26% at $0.82. The company raised its full-year outlook for sales to grow between 20% and 21% and EPS to $2.86 to $2.90. Free cash flow reached $331.5 million, a 13% increase, supported by strong earnings despite rising costs. Key segments showed significant sales growth, particularly in North America and China.

A. O. Smith Corporation (NYSE: AOS) has acquired Giant Factories, Inc., a Canadian water heater manufacturer, for approximately USD 192 million in cash, enhancing its market presence in North America. With trailing sales of USD 105 million, the deal is anticipated to be accretive to EPS in the first full year post-closing. A tax benefit of USD 6.5 million is expected from the asset purchase structure. This acquisition supports A. O. Smith's corporate strategy and decarbonization efforts, as Giant operates in a low-carbon energy grid.