A O Smith Stock Price, News & Analysis

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.

A. O. Smith Corporation (NYSE: AOS) announced an 8% increase in its quarterly cash dividend, raising it to $0.28 per share. This dividend will be payable on November 15 to shareholders of record as of October 29. The company highlighted a 17% compound annual growth rate in its dividend over the past five years and its history of annual increases for more than 25 years. The CEO emphasized the confidence in the stable demand for their products as a reason for the dividend hike.

A. O. Smith Corporation (NYSE: AOS) will release its third quarter 2021 financial results before the market opens on October 28. Following this, an investor conference call is scheduled at 10:00 a.m. EDT. The call will be accessible live on the company's website, with an audio replay available later. A. O. Smith is renowned for its energy-efficient water heating equipment and related products globally. For further details, visit www.aosmith.com.

A. O. Smith Corporation (NYSE: AOS) launched an analytical tool aimed at helping states, policymakers, and consumers achieve greenhouse gas (GHG) reduction goals, as detailed in its new white paper titled "Electrification of Water and Space Heating in Buildings". The tool quantifies energy use and environmental impacts, focusing on states like California and New York. A. O. Smith is committed to reducing GHG emissions by 10% by 2025 and emphasizes affordable and innovative water heating technologies to drive consumer adoption.

A. O. Smith Corporation (NYSE: AOS) announced record second quarter earnings, with earnings per share increasing due to a 30% rise in sales compared to Q2 2020. North America segment sales rose to $603.6 million, up 26%, and earnings increased by 34% to $141.7 million, boosted by higher volumes and price hikes to counteract rising material costs. The Rest of World segment saw a 39% sales increase, primarily from China. The company upgraded its full-year earnings guidance to $2.70-$2.76 per share despite ongoing supply chain challenges.

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.