Here are the 10-Q quarterly reports from A.O. Smith Corporation (AOS) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AOS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AOS filings page.
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 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 reported softer first-quarter 2026 results, with net sales of $945.6 million, down from $963.9 million a year ago, and net earnings of $118.0 million versus $136.6 million. Earnings per share were $0.85, down from $0.95, as lower North American residential water heater volumes and weaker China demand offset prior pricing actions.
The company completed the $470 million Leonard Valve acquisition, adding about $15.9 million of sales and $5.5 million of pre-tax earnings in the quarter and increasing debt and interest expense. Management lowered 2026 sales growth guidance to 2–4% and now expects diluted EPS of $3.60–$3.90, or adjusted EPS of $3.70–$4.00, reflecting continued China headwinds and North American regulatory uncertainty.
Free cash flow improved sharply to $118.9 million from $17.4 million, helped by working capital. The company announced a North America water treatment restructuring expected to generate annual savings of $6–$8 million from 2027 after an estimated $20 million largely non-cash charge in the second quarter. A. O. Smith also repurchased 715,493 shares for $51.3 million and plans about $200 million of buybacks in 2026 while maintaining ample liquidity under its $500 million revolving credit facility.
A. O. Smith (AOS) reported Q3 2025 results with net sales of $942.5M (up from $902.6M) and diluted EPS of $0.94 (up from $0.82). Gross margin improved to 38.7% from 37.4%, driven by pricing actions and higher commercial water heater and boiler volumes.
Year to date, sales were $2,917.7M and net earnings were $420.8M. Operating cash flow reached $433.7M and free cash flow was $380.5M, supporting $335.4M of share repurchases (4,976,377 shares at an average price of $67.39). The company ended the quarter with total assets of $3,170.7M and stockholders’ equity of $1,844.5M.
North America segment sales rose to $742.8M with a segment margin of 24.2%. Rest of World sales were $207.9M; China softened, partly offset by Pureit, which added about $17M in Q3 and $45M year to date. Management reiterated 2025 guidance for diluted EPS of $3.70–$3.85 and declared a quarterly dividend of $0.36 per share.