A. O. Smith Corporation director Kevin J. Wheeler exercised employee stock options for 14,675 shares of common stock on November 5, 2026, at an exercise price of $50.16 per share, and sold 14,675 shares the same day at a weighted average price of $65.6412 per share. The reported employee stock option position after the exercise was 0. Sale prices ranged from $65.5136 to $66.0645 per share; no Rule 10b5-1 plan is reported.
Kevin J. and Constance Y. Wheeler gave notice of a proposed sale of 14,675 A. O. Smith Corporation common shares; the notice lists the issuer relationship as Director. The shares have an aggregate market value of $963,284.61, with an approximate sale date of November 5, 2026. They are listed as acquired from the issuer through exercise of options under a registered plan, with cash payment.
A. O. Smith reported third-quarter 2026 net sales of $940.5 million and net earnings of $126.3 million, versus $942.5 million and $132.0 million a year earlier. For the first nine months of 2026, net earnings were $369.2 million versus $420.8 million. North America sales rose 3% in the quarter, while Rest of World sales fell 7%, reflecting weak China demand and disruption tied to the strategic assessment.
On October 27, 2026, A. O. Smith entered definitive agreements to sell 81% of its China business to CPE at an approximately $400 million valuation on a cash-free, debt-free basis, before the long-term brand-licensing royalty stream. It will retain 19% and a long-term brand licensing agreement. Closing is expected in the first half of 2027, subject to regulatory approvals and customary conditions; the company expects held-for-sale and discontinued-operations reporting beginning in the fourth quarter of 2026.
Leonard Valve, acquired in January for $469.5 million, contributed $46.6 million in sales and $15.2 million in pretax earnings through September. Nine-month operating cash flow was $429.4 million; total debt increased $518.1 million, and debt-to-capitalization leverage was 27.0% as of September 30, 2026, versus 7.7% as of December 31, 2025.
A. O. Smith Corporation reported third-quarter 2026 sales of $940.5 million, net earnings of $126.3 million and diluted EPS of $0.93, versus $942.5 million, $132.0 million and $0.94 in Q3 2025. Rest of World sales declined 7% to $192.8 million; segment earnings were $10.5 million versus $15.4 million.
A. O. Smith announced definitive agreements for CPE to acquire an 81% interest in its China business; A. O. Smith will retain 19% and a long-term brand license. The business is valued at approximately $400 million on a cash-free, debt-free basis before licensing royalties; total value including the expected net present value of licensing economics is expected to exceed $500 million. The transaction structure will enable repatriation of approximately $80 million held in China. Closing is expected in the first half of 2027, subject to regulatory approvals and customary conditions.
2026 guidance excluding China is approximately 4% net sales growth and adjusted EPS of $3.42–$3.52; the EPS outlook excludes approximately $20 million of estimated pre-tax restructuring and impairment expenses. Nine-month free cash flow increased 4% to $396.2 million. The board approved a 6% dividend-rate increase on October 12, 2026.
A. O. Smith Corporation entered into definitive agreements under which CPE will acquire an 81% equity interest in A. O. Smith (China) Investment Co., Ltd., the holding company for the China business; A. O. Smith will retain a 19% interest. A. O. Smith will also receive ongoing royalties under a long-term license for its brand in China. The business is valued at approximately $400 million on a cash-free, debt-free basis before the licensing royalty stream; total value, including the estimated net present value of future licensing economics, is expected to exceed $500 million.
The transaction is expected to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions. Its structure is expected to allow A. O. Smith to repatriate approximately $80 million currently held in China. Following closing, the company intends to prioritize share repurchases as a use of after-tax proceeds and repatriated cash. The supplemental presentation describes the completed strategic review of the China business announced in July 2025.
FMR LLC and Abigail P. Johnson report significant ownership of A.O. Smith Corporation common stock. FMR LLC is shown as beneficially owning 11,749,073.56 shares of common stock, representing 10.7% of the class. FMR LLC has sole voting power over 8,447,804.49 shares and sole dispositive power over the full 11,749,073.56 shares, with no shared voting or dispositive power.
Abigail P. Johnson is reported with sole dispositive power over 11,749,073.56 shares and no voting power. The ownership is held on behalf of multiple underlying investors who may receive dividends or sale proceeds, but no other single person has more than five percent of A.O. Smith’s outstanding common stock. Subsidiary details are referenced in an attached exhibit.
FMR LLC filed Amendment No. 2 to a Schedule 13G reporting beneficial ownership of 10,417,816.30 shares of A.O. Smith Corporation common stock, representing 9.3% of the class as of June 30, 2026. FMR LLC has sole voting power over 7,358,265.49 shares and sole dispositive power over the full 10,417,816.30 shares, with no shared voting or dispositive power. Abigail P. Johnson is also reported as a beneficial owner with sole dispositive power over the same 10,417,816.30 shares and no voting power. One or more other persons may receive dividends or sale proceeds from these shares, but no single such person has an interest exceeding five percent of the outstanding common stock.
A. O. Smith Corporation reported Q2 2026 net sales of $1,004.3 million, slightly below Q2 2025, with net earnings of $124.9 million and diluted EPS of $0.91 versus $1.07 a year earlier. Gross margin slipped to 38.6% from 39.3%, as lower volumes and higher material costs offset pricing. North America delivered 5% reported sales growth and 3% organic growth, supported by water heater and boiler demand, while Rest of World sales fell 19%, including a 28% local‑currency decline in China, compressing that segment’s margin to 5.2%.
In January, the company acquired Leonard Valve for $470.0 million, adding $31.8 million in first‑half sales and $9.9 million in pre‑tax earnings, but helping lift interest expense to $15.2 million year‑to‑date and raising the debt‑to‑capitalization ratio to 25.7%. A North America water treatment restructuring generated $22.6 million in charges; adjusted Q2 EPS was $1.03. Cash from operations strengthened to $253.8 million and free cash flow to $233.3 million in the first half. Management now expects 2026 sales to grow 2–3%, with diluted EPS of $3.60–$3.75 and adjusted EPS of $3.70–$3.85.
A. O. Smith Corporation reported Q2 2026 net sales of $1,004.3 million, down 1% year over year, and net earnings of $124.9 million, down 18%. Diluted EPS was $0.91 versus $1.07, while adjusted EPS, excluding $22.6 million of North America water treatment restructuring and impairment, was $1.03, down 4%.
North America sales rose 5% to $820.5 million, including a $16 million contribution from the Leonard Valve acquisition and strong boiler growth, but segment margin contracted to 21.6% (24.4% adjusted) from 25.4%. Rest of World sales fell 19% to $194.9 million, with China sales down 28% in local currency, reducing segment margin to 5.2%. The restructuring program in North America water treatment is projected to generate $6–$8 million of annual savings beginning in 2027.
Year-to-date operating cash flow increased 42% to $253.8 million and free cash flow rose 67% to $233.3 million. The company repurchased 2.6 million shares for $162.4 million in the first half, raised its 2026 share repurchase target to $300 million, and reported a debt-to-total-capitalization ratio of 25.7%. For 2026 it guides net sales of $3.9–$3.95 billion, diluted EPS of $3.60–$3.75, and adjusted EPS of $3.70–$3.85, narrowing prior ranges amid soft residential water heater demand and ongoing weakness in China.
Anderson Carrie L reported acquisition or exercise transactions in this Form 4 filing.
A. O. Smith’s EVP & CFO Carrie L. Anderson received a compensation grant of 32,060 Restricted Stock Units (RSUs). Each RSU represents the right to receive one share of Common Stock at settlement. The award was granted at a reference price of $62.38 per unit under the A. O. Smith Combined Incentive Compensation Plan.
The RSUs were granted on July 1, 2026 as a transaction exempt under Rule 16b-3 and will become payable in Common Stock on the vesting date of July 1, 2032. After this grant, Anderson holds 32,060 RSUs directly, reflecting a long-term, equity-based component of her executive compensation rather than an open-market share purchase or sale.