NYSE:AOSBuilding
Does A. O. Smith's (AOS) Steady Buybacks Offset Softer Water Heater Demand And Lower Earnings?
A. O. Smith Corporation recently reported past second-quarter 2026 results with sales of US$1,004.3 million and net income of US$124.9 million, both lower than a year earlier, and updated full-year guidance to net sales of US$3.90–US$3.95 billion and diluted EPS of US$3.60–US$3.75 amid softer residential water heater demand.
The company also continued its long-running capital return program, repurchasing 1,885,727 shares for US$111.12 million in the quarter, bringing total buybacks since...