A O Smith Stock Price, News & Analysis

A. O. Smith Corporation (NYSE: AOS) reported a strong Q1 2021, with sales reaching $769.0 million, a 21% increase from Q1 2020, and net earnings of $97.7 million, up 89%. The record EPS of $0.60 reflects an 88% rise year-over-year. Guidance for the year has been upgraded to a sales growth of 14-15% and EPS of $2.55 to $2.65, indicating a robust demand despite supply chain challenges. Cash flow from operations improved to $104.4 million, boosting liquidity as the company repurchased shares and renewed its credit facility.

A. O. Smith Corporation has announced a quarterly cash dividend of $.26 per share for its Common Stock and Class A Common Stock. The dividend, reflecting the company's commitment to returning value to shareholders, is payable on May 17 to shareholders on record as of April 30, 2021.

As a leader in the water heating and treatment industry, A. O. Smith continues to demonstrate its financial stability and growth potential in the market.

A. O. Smith Corporation (NYSE: AOS) will announce its first quarter 2021 financial results before market opens on April 29. 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 is a leading global manufacturer specializing in water heating equipment, water treatment, and air purification solutions.

A. O. Smith Corporation (NYSE: AOS) has nominated Victoria M. Holt and Michael M. Larsen to its board of directors, replacing retiring members Paul W. Jones and William P. Greubel, effective April 13, 2021. Holt, former CEO of Proto Labs, brings experience in digital manufacturing, while Larsen, CFO of Illinois Tool Works, has a strong financial background. Their addition aims to enhance the board's strategic capabilities. The annual meeting for board member election is scheduled for April 13, 2021.

A. O. Smith Corporation (AOS) reported 2020 sales of $2.9 billion, down 3% from $3.0 billion in 2019, due to pandemic-related impacts, particularly in China. Net earnings reached $344.9 million or $2.12 per share, a decline from $370.0 million or $2.22 in 2019. The fourth quarter saw record sales of $834.5 million, an 11% increase from 2019, driven by high residential water heater demand. The company anticipates 2021 earnings between $2.40 and $2.50 per share, a 13% increase year-over-year. Cash on hand totaled $689.6 million as of December 31, 2020.

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 is set to be paid on February 16 to shareholders of record as of January 29, 2021. A. O. Smith is a global leader in innovative technology and energy-efficient solutions in water heating equipment, boilers, and water treatment products.

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.