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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) 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.
On October 12, 2020, A. O. Smith Corporation (NYSE: AOS) announced an 8% increase in its quarterly cash dividend, raising it to $0.26 per share, payable on November 16 to shareholders of record by October 30. The company's CEO, Kevin Wheeler, emphasized a five-year compound annual growth rate of over 22% for dividends, reflecting A. O. Smith's commitment to rewarding its investors. This increase demonstrates the company's financial stability and confidence in future growth amidst challenging market conditions.
A. O. Smith Corporation (NYSE: AOS) will announce its third quarter 2020 financial results before the market opens on October 29, 2020. Following the release, an investor conference call is scheduled for 10:00 a.m. (EDT). Investors can access the call live through the company's website, with an audio replay available afterward. A. O. Smith, headquartered in Milwaukee, is a leading manufacturer of water heating equipment, boilers, and water treatment products, focused on innovative technology and energy-efficient solutions.
A. O. Smith Corporation (AOS) reported Q2 2020 net earnings of $67.8 million ($0.42/share), down from $102.1 million ($0.61/share) in Q2 2019. Sales decreased by 13% to $663.9 million from $765.4 million year-over-year. Adjusted earnings fell 29% to $72.8 million, excluding $5.0 million in severance costs. North America segment sales were $480.5 million, down 8%, with 19% organic growth in water treatment products. The Rest of World segment sales fell by 24%. The company maintains a strong balance sheet with $568.7 million in cash and $332 million borrowing capacity.
A. O. Smith Corporation (NYSE:AOS) has declared a quarterly cash dividend of $0.24 per share on its Common and Class A Common Stock.
This dividend is scheduled to be paid on August 17, 2020, to shareholders on record as of July 31, 2020.
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