A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices. It also provides food and beverage filtration products; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and heat pumps, combi-boilers, solar tank units, and air purification products. The company offers its products primarily under the A. O. Smith, State, Lochinvar, and water softener brands. It distributes its products through independent wholesale plumbing distributors, as well as through retail channels consisting of hardware and home center chains, and manufacturer representative firms; and offers Aquasana branded products directly to consumers through e-commerce, as well as other online retailers. The company was founded in 1874 and is headquartered in Milwaukee, Wisconsin.
IPO Year:
Exchange: NYSE
Website: aosmith.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/23/2024 | $80.00 | Buy → Neutral | DA Davidson |
| 10/23/2024 | $75.00 → $80.00 | Sell → Neutral | UBS |
| 7/24/2024 | $97.00 → $98.00 | Hold → Buy | Stifel |
| 8/7/2023 | Neutral | Seaport Research Partners | |
| 1/17/2023 | $67.00 → $65.00 | Buy → Hold | Loop Capital |
| 1/10/2023 | $65.00 → $58.00 | Neutral → Sell | UBS |
| 7/14/2022 | $60.00 | Outperform → Neutral | Robert W. Baird |
| 7/6/2022 | $71.00 | Neutral → Buy | Longbow |
| 11/23/2021 | $100.00 | Buy | Loop Capital |
| 10/5/2021 | $82.00 → $85.00 | Neutral → Outperform | Baird |
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Experienced global executive to lead operations MILWAUKEE, March 18, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE:AOS) announced today the appointment of Stephen Shafer as president and chief operating officer, effective March 18, 2024. In this role, Shafer will lead the company's global business units, including operations, engineering and IT. "Steve will work with me and our team to drive enhanced performance and continued growth in sales and profitability," said Kevin Wheeler, chairman and CEO. Shafer is an accomplished
Nordson Corporation (NASDAQ:NDSN) announced the election of Christopher L. Mapes, retired president and chief executive officer of Lincoln Electric Holdings, Inc. (NASDAQ:LECO), to its board of directors, effective today. Mr. Mapes has more than 38 years of experience leading diversified global manufacturing companies. Beyond his keen understanding of the manufacturing industry, Mr. Mapes has significant experience in the areas of mergers and acquisitions, global operations, international compliance and developing and implementing strategic operating plans. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240115539778/en/Christoph
MILWAUKEE, July 25, 2022 /PRNewswire/ -- A. O. Smith Corporation (NYSE:AOS), a leader in water heating and water treatment, today announced the appointment of Noelle Brigham, P. E., Env. SP. as the Company's Environmental, Social and Governance (ESG) Director. Brigham will lead and drive all aspects of the ESG initiatives while developing a long-term strategy for the Company's global commitments and strategy in this field. A. O. Smith Names Noelle Brigham as Environmental, Social and Governance DirectorBrigham is a licensed Professional Engineer and Envision Sustainability Pr
MILWAUKEE, Nov. 1, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation (the "Company") (NYSE:AOS) today announced it has completed its acquisition of Pureit, a Unilever PLC business at a purchase price of approximately $120 million, subject to customary adjustments. Pureit offers a broad range of residential water purification solutions, primarily in India. "Pureit complements our premium brands in the market and their strength in e-commerce will allow us to expand our presence in that channel," said Kevin J. Wheeler, the Company's chairman and chief e
Third Quarter 2024 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted) Sales of $903 million, a decrease of 4%, driven by lower sales in China and lower volumes of water heaters in North AmericaNet earnings of $120 million, a decrease of 11%Diluted earnings per share (EPS) of $0.82, a decrease of 9% Reaffirm revised 2024 EPS outlook of $3.70 to $3.856% increase to our dividend; we have increased our dividend for 32 consecutive yearsRecently announced Pureit acquisition on track to close by the end of 2024MILWAUKEE, Oct. 22, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE:AOS) today announced its third quarter 2024 resu
Summary(Comparisons are year-over-year ("YoY"), unless otherwise noted) Preliminary third quarter sales of $903 million, a decrease of 4%, due to lower sales in China and North America water heatingPreliminary third quarter earnings per share ("EPS") of $0.82, a decrease of 9%Preliminary cash provided by operations of $360 million and preliminary free cash flow of $283 million in the first nine months of 2024Lowered full year EPS guidance to be between $3.70 and $3.85 compared to prior guidance of $3.95 to $4.10MILWAUKEE, Oct. 11, 2024 /PRNewswire/ -- Global water technology c
MILWAUKEE, Oct. 7, 2024 /PRNewswire/ -- On Monday, October 7, 2024, the board of directors of A. O. Smith Corporation (NYSE:AOS) approved a 6% increase in the company's quarterly cash dividend rate to $0.34 per share. The dividend increase affects the company's Common Stock and Class A Common Stock. A. O. Smith announces quarterly dividend.The dividend is payable on Friday, November 15 to shareholders of record October 31, 2024. "This dividend increase reflects our commitment within our capital allocation strategy of consistently returning capital to shareholders," said Kevin
MILWAUKEE, Oct. 2, 2024 /PRNewswire/ -- A. O. Smith Corporation (NYSE:AOS) will release its third quarter 2024 financial results before the market opens on Tuesday, October 22, and has scheduled an investor conference call to follow at 10:00 a.m. (Eastern Time). A. O. Smith announces third quarter conference call.The call can be heard live on the company's website, www.aosmith.com. An audio replay of the call will be available on the company's website after the live event. To access the archived audio replay, go to the "Investors" page and select the "Third Quarter Conference
Second Quarter 2024 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted) Record sales of $1 billion, an increase of 7%, driven by higher water heater volumesDiluted earnings per share (EPS) of $1.06, a YoY increase of 2% and an increase of 5% compared to prior year adjusted EPS Reaffirm 2024 sales outlook of an increase of 3% to 5%Narrow EPS guidance to a range of between $3.95 and $4.10Recently announced Pureit acquisition expected to close by the end of 2024MILWAUKEE, July 23, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE:AOS) today announced its second quarter 2024 results.
MILWAUKEE, July 15, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation (the "Company") (NYSE:AOS) announced today that it has signed an agreement to acquire Pureit from Unilever. Pureit offers a broad range of residential water purification solutions and has annual sales of approximately USD $60 million, primarily in India. The purchase price will be approximately USD $120 million in cash, subject to customary adjustments. The Company expects to complete the acquisition of Pureit by the end of 2024 and does not expect the acquisition to have a material impact on earnings in the first year.
MILWAUKEE, July 8, 2024 /PRNewswire/ -- Directors of A. O. Smith Corporation (NYSE:AOS) today declared a regular quarterly cash dividend of $.32 per share on the company's Common Stock and Class A Common Stock. A. O. Smith Announces Quarterly DividendThe dividend is payable on Thursday, August 15 to shareholders of record Wednesday, July 31, 2024. About A. O. SmithCelebrating its 150th year of business, A. O. Smith Corporation, headquartered in Milwaukee, Wis., is a global leader applying innovative technology and energy-efficient solutions to products manufactured and markete
MILWAUKEE, July 2, 2024 /PRNewswire/ -- A. O. Smith Corporation (NYSE:AOS) will release its second quarter 2024 financial results before the market opens on Tuesday, July 23, and has scheduled an investor conference call to follow at 10:00 a.m. (Eastern Time). The call can be heard live on the company's website, www.aosmith.com. An audio replay of the call will be available on the company's website after the live event. To access the archived audio replay, go to the "Investors" page and select the "Second Quarter Conference Call" link. About A. O. Smith Celebrating its 150th
First Quarter 2024 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted) Sales of $979 million, an increase of 1%Earnings per share (EPS) of $1.00, a YoY increase of 19% and an increase of 6% compared to prior year adjusted EPSStrong operating cash flow of $107 million and free cash flow of $85 millionReaffirm 2024 Outlook:Sales outlook of an increase of 3% to 5%EPS guidance with a range of between $3.90 and $4.15MILWAUKEE, April 25, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE:AOS) today announced its first quarter 2024 results.
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Announces water goal; shares progress on greenhouse gas emissions reduction MILWAUKEE, Nov. 7, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE:AOS) announced the release of its 2024 Sustainability Report, which documents the company's environmental, social and governance activities, progress and performance over the past two years. The report also announces the company's first public water goal — an annual water savings of 40 million gallons by 2030. This is the fourth sustainability report released by the company in the last six years.
MILWAUKEE, Nov. 1, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation (the "Company") (NYSE:AOS) today announced it has completed its acquisition of Pureit, a Unilever PLC business at a purchase price of approximately $120 million, subject to customary adjustments. Pureit offers a broad range of residential water purification solutions, primarily in India. "Pureit complements our premium brands in the market and their strength in e-commerce will allow us to expand our presence in that channel," said Kevin J. Wheeler, the Company's chairman and chief e
Third Quarter 2024 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted) Sales of $903 million, a decrease of 4%, driven by lower sales in China and lower volumes of water heaters in North AmericaNet earnings of $120 million, a decrease of 11%Diluted earnings per share (EPS) of $0.82, a decrease of 9% Reaffirm revised 2024 EPS outlook of $3.70 to $3.856% increase to our dividend; we have increased our dividend for 32 consecutive yearsRecently announced Pureit acquisition on track to close by the end of 2024MILWAUKEE, Oct. 22, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE:AOS) today announced its third quarter 2024 resu
Summary(Comparisons are year-over-year ("YoY"), unless otherwise noted) Preliminary third quarter sales of $903 million, a decrease of 4%, due to lower sales in China and North America water heatingPreliminary third quarter earnings per share ("EPS") of $0.82, a decrease of 9%Preliminary cash provided by operations of $360 million and preliminary free cash flow of $283 million in the first nine months of 2024Lowered full year EPS guidance to be between $3.70 and $3.85 compared to prior guidance of $3.95 to $4.10MILWAUKEE, Oct. 11, 2024 /PRNewswire/ -- Global water technology c
MILWAUKEE, Oct. 7, 2024 /PRNewswire/ -- On Monday, October 7, 2024, the board of directors of A. O. Smith Corporation (NYSE:AOS) approved a 6% increase in the company's quarterly cash dividend rate to $0.34 per share. The dividend increase affects the company's Common Stock and Class A Common Stock. A. O. Smith announces quarterly dividend.The dividend is payable on Friday, November 15 to shareholders of record October 31, 2024. "This dividend increase reflects our commitment within our capital allocation strategy of consistently returning capital to shareholders," said Kevin
MILWAUKEE, Oct. 2, 2024 /PRNewswire/ -- A. O. Smith Corporation (NYSE:AOS) will release its third quarter 2024 financial results before the market opens on Tuesday, October 22, and has scheduled an investor conference call to follow at 10:00 a.m. (Eastern Time). A. O. Smith announces third quarter conference call.The call can be heard live on the company's website, www.aosmith.com. An audio replay of the call will be available on the company's website after the live event. To access the archived audio replay, go to the "Investors" page and select the "Third Quarter Conference
Second Quarter 2024 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted) Record sales of $1 billion, an increase of 7%, driven by higher water heater volumesDiluted earnings per share (EPS) of $1.06, a YoY increase of 2% and an increase of 5% compared to prior year adjusted EPS Reaffirm 2024 sales outlook of an increase of 3% to 5%Narrow EPS guidance to a range of between $3.95 and $4.10Recently announced Pureit acquisition expected to close by the end of 2024MILWAUKEE, July 23, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE:AOS) today announced its second quarter 2024 results.
MILWAUKEE, July 15, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation (the "Company") (NYSE:AOS) announced today that it has signed an agreement to acquire Pureit from Unilever. Pureit offers a broad range of residential water purification solutions and has annual sales of approximately USD $60 million, primarily in India. The purchase price will be approximately USD $120 million in cash, subject to customary adjustments. The Company expects to complete the acquisition of Pureit by the end of 2024 and does not expect the acquisition to have a material impact on earnings in the first year.
MILWAUKEE, July 8, 2024 /PRNewswire/ -- Directors of A. O. Smith Corporation (NYSE:AOS) today declared a regular quarterly cash dividend of $.32 per share on the company's Common Stock and Class A Common Stock. A. O. Smith Announces Quarterly DividendThe dividend is payable on Thursday, August 15 to shareholders of record Wednesday, July 31, 2024. About A. O. SmithCelebrating its 150th year of business, A. O. Smith Corporation, headquartered in Milwaukee, Wis., is a global leader applying innovative technology and energy-efficient solutions to products manufactured and markete
MILWAUKEE, July 2, 2024 /PRNewswire/ -- A. O. Smith Corporation (NYSE:AOS) will release its second quarter 2024 financial results before the market opens on Tuesday, July 23, and has scheduled an investor conference call to follow at 10:00 a.m. (Eastern Time). The call can be heard live on the company's website, www.aosmith.com. An audio replay of the call will be available on the company's website after the live event. To access the archived audio replay, go to the "Investors" page and select the "Second Quarter Conference Call" link. About A. O. Smith Celebrating its 150th
DA Davidson downgraded A.O. Smith from Buy to Neutral and set a new price target of $80.00
UBS upgraded A.O. Smith from Sell to Neutral and set a new price target of $80.00 from $75.00 previously
Stifel upgraded A.O. Smith from Hold to Buy and set a new price target of $98.00 from $97.00 previously
Seaport Research Partners initiated coverage of A.O. Smith with a rating of Neutral
Loop Capital downgraded A.O. Smith from Buy to Hold and set a new price target of $65.00 from $67.00 previously
UBS downgraded A.O. Smith from Neutral to Sell and set a new price target of $58.00 from $65.00 previously
Robert W. Baird downgraded A.O. Smith from Outperform to Neutral and set a new price target of $60.00
Longbow upgraded A.O. Smith from Neutral to Buy and set a new price target of $71.00
Loop Capital initiated coverage of A.O. Smith with a rating of Buy and set a new price target of $100.00
Baird upgraded A.O. Smith from Neutral to Outperform and set a new price target of $85.00 from $82.00 previously
Baird analyst Michael Halloran maintains A.O. Smith (NYSE:AOS) with a Neutral and lowers the price target from $92 to $90.
Analysts' ratings for A.O. Smith (NYSE:AOS) over the last quarter vary from bullish to bearish, as provided by 5 analysts. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 1 Last 30D 1 0 0 0 0 1M Ago 0 0 1 0 1 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $90.4, with a high estimate of $98.00 and a low estimate of $75.00. This upward trend is apparent, with the current average refl
Stifel analyst Nathan Jones upgrades A.O. Smith (NYSE:AOS) from Hold to Buy and raises the price target from $97 to $98.
Shares of Comcast Corporation (NASDAQ:CMCSA) fell sharply during Tuesday's session after the company reported worse-than-expected second-quarter sales results. Comcast reported second-quarter revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion.The company reported adjusted EPS of $1.21, beating analyst consensus estimates of $1.12, according to data from Benzinga Pro. Comcast shares declined 6.1% to $37.12 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Azitra, Inc. (NYSE:AZTR) shares jumped 529% to $10.19 after the company announced that the U.S. Patent and Trademark Office grant
Outlook 2024 Outlook (in millions except per share amounts) 2023 2024 Outlook Actual Low End High End Net sales $ 3,853 $ 3,970 $ 4,050 Diluted earnings per share $ 3.69 $ 3.95 $ 4.10 Adjusted earnings per share $ 3.812 $ 3.95
A.O. Smith (NYSE:AOS) reported quarterly earnings of $1.06 per share which met the analyst consensus estimate. This is a 4.95 percent increase over earnings of $1.01 per share from the same period last year. The company reported quarterly sales of $1.024 billion which beat the analyst consensus estimate of $997.753 million by 2.63 percent. This is a 6.58 percent increase over sales of $960.800 million the same period last year.
Stifel analyst Nathan Jones maintains A.O. Smith (NYSE:AOS) with a Hold and raises the price target from $90 to $97.
As of July 17, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Gates Industrial Corporation PLC (NYSE:GTES) Gates Industrial is expected to issue its seco