Announcement • Jun 23
A. O. Smith Corporation Announces Executive Chairman Changes, Effective July 1, 2026 A. O. Smith Corporation announced that, effective July 1, 2026, Kevin J. Wheeler will retire as Executive Chairman of the Company. Mr. Wheeler will remain a member of the Board of Directors. Effective at the time of Mr. Wheeler's retirement as Executive Chairman, Stephen M. Shafer will assume the role of Chairman of the Company. Mr. Shafer currently serves and will continue to serve as the Company's President and Chief Executive Officer and as a director. Mr. Shafer joined the Company as President and Chief Operating Officer in March of 2024. He was named President and Chief Executive Officer on July 1, 2025, and was elected a director of the Company on that same day. Before joining A. O. Smith, Shafer held roles of increasing responsibility at 3M Company across multiple business units in the U.S. and China. Earlier in his career, he worked at McKinsey & Co. and Ford Motor Company. Shafer serves on the boards of the Air Conditioning, Heating, and Refrigeration Institute and the Metropolitan Milwaukee Association of Commerce, as well as the Executive Advisory Board for WorkBoard Inc. Wheeler joined A. O. Smith in 1994 as a regional sales manager for the former Water Products Company and held various senior leadership roles across the business before becoming president and CEO in 2018 and chairman in 2020. Announcement • May 22
A. O. Smith Corporation Announces CFO Changes A. O. Smith Corporation announced that Carrie L. Anderson will become the company's next chief financial officer on July 1, 2026. She succeeds Charles T. Lauber, who will retire from the company after serving in different senior leadership capacities for over 26 years and will remain at the company through September 30, 2026 to ensure continuity during the transition. Anderson brings extensive experience across global industrial, manufacturing and technology companies. She most recently served as executive vice president and chief financial officer of The Campbell's Company. Prior to Campbell, she served as executive vice president and chief financial officer at Integra LifeSciences, a leading global medical technology company. She previously held senior finance leadership roles at Dover Corporation and Delphi Corporation. Anderson began her career as an engineer with General Motors. Anderson earned her Bachelor of Science in Chemical Engineering from Purdue University and a Master of Business Administration from Ball State University. She serves on the board of directors of Embecta Corp. and is a member of its Audit and Nominating & Governance committees. Lauber was named executive vice president and chief financial officer of the company in May 2019. He joined A. O. Smith as corporate director of tax and audit in December 1999. He was named vice president and controller of the former Electrical Products Company division in 2001 and was named vice president, global finance for Electrical Products in 2004. In 2006, he was promoted to senior vice president and group chief financial officer for the former Water Products Company division. Prior to his current role as executive vice president and chief financial officer, Lauber served as senior vice president, strategy and corporate development for six years. He serves on the board of directors of the National Association of Manufacturers (NAM) and H.B. Fuller. Announcement • May 03
A. O. Smith Corporation Revises Earnings Guidance for the Full Year 2026 A. O. Smith Corporation revised earnings guidance for the full year 2026. For the year, the company expected Diluted earnings per share to be between $3.60 and $3.90. Net sales expected to be between $3,900 million to $4,000 million. Sales growth outlook to a range of 2% to 4%, lowering the high end compared to the previous range of 2% to 5%. The revised full year 2026 guidance is primarily due to continued challenging conditions in China. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$0.85 (vs US$0.95 in 1Q 2025) First quarter 2026 results: EPS: US$0.85 (down from US$0.95 in 1Q 2025). Revenue: US$945.6m (down 1.9% from 1Q 2025). Net income: US$118.0m (down 14% from 1Q 2025). Profit margin: 13% (down from 14% in 1Q 2025). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 16
Fourth quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 14
A. O. Smith Corporation Declares A Regular Quarterly Cash Dividend on the Company's Common Stock and Class A Common Stock, Payable on May 15 , 2026 Directors of A. O. Smith Corporation declared a regular quarterly cash dividend of $0.36 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on May 15, 2026 to shareholders of record April 30, 2026. Announcement • Apr 02
A. O. Smith Corporation to Report Q1, 2026 Results on Apr 30, 2026 A. O. Smith Corporation announced that they will report Q1, 2026 results Pre-Market on Apr 30, 2026 Buy Or Sell Opportunity • Mar 07
Now 20% undervalued Over the last 90 days, the stock has risen 4.0% to US$70.67. The fair value is estimated to be US$88.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 4.3% per annum over the same time period. Announcement • Mar 05
A. O. Smith Corporation, Annual General Meeting, Apr 13, 2026 A. O. Smith Corporation, Annual General Meeting, Apr 13, 2026. Location: ritz-carlton, charlotte, 201 east trade street, charlotte, north carolina., United States Reported Earnings • Jan 30
Full year 2025 earnings released: EPS: US$3.85 (vs US$3.63 in FY 2024) Full year 2025 results: EPS: US$3.85 (up from US$3.63 in FY 2024). Revenue: US$3.83b (flat on FY 2024). Net income: US$546.2m (up 2.4% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
A. O. Smith Corporation Provides Earnings Guidance for the Year 2026 A. O. Smith Corporation provided earnings guidance for the year 2026. For the year, company expected Net sales to be in range of $3,900 million to $4,020 million and diluted earnings per share to be in range of $3.85 to $4.15. Declared Dividend • Jan 18
Third quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 30th January 2026 Payment date: 17th February 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 16
A. O. Smith Corporation Announces Quarterly Dividend, Payable on February 17, 2026 A. O. Smith Corporation declared a regular quarterly cash dividend of $0.36 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on February 17 to shareholders of record January 30, 2026. Buy Or Sell Opportunity • Jan 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.8% to US$67.87. The fair value is estimated to be US$85.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Announcement • Nov 12
A. O. Smith Corporation (NYSE:AOS) entered into a definitive agreement to acquire Leonard Valve Company, LLC for $470 million. A. O. Smith Corporation (NYSE:AOS) entered into a definitive agreement to acquire Leonard Valve Company, LLC for $470 million on November 12, 2025. The purchase price is subject to customary adjustments. The all-cash transaction is valued at approximately $412 million after adjusting for estimated tax benefits and is expected to be funded through a combination of cash on hand and committed debt financing. A. O. Smith expects the transaction to be accretive to A. O. Smith's earnings per share in 2026.
The transaction is expected to close in the first quarter of 2026 and is subject to the satisfaction of customary closing conditions and receipt of regulatory approvals.
BofA Securities, Inc. acted as financial advisor and Foley & Lardner LLP acted as legal advisor for A. O. Smith Corporation. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: US$0.94 (vs US$0.82 in 3Q 2024) Third quarter 2025 results: EPS: US$0.94 (up from US$0.82 in 3Q 2024). Revenue: US$942.5m (up 4.4% from 3Q 2024). Net income: US$132.0m (up 9.9% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
A. O. Smith Corporation Updates Earnings Guidance for the Year 2025 A. O. Smith Corporation Updated earnings guidance for the year 2025. For the year, company expected Net sales to be in range of $3,800 million to $3,850 million and diluted earnings per share to be in range of $3.70 to $3.85. Declared Dividend • Oct 16
Second quarter dividend increased to US$0.36 Dividend of US$0.36 is 5.9% higher than last year. Ex-date: 31st October 2025 Payment date: 17th November 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 14
A. O. Smith Corporation Increases Quarterly Cash Dividend, Payable on November 17, 2025 On October 13, 2025, the board of directors of A. O. Smith Corporation approved a 6% increase in the company's quarterly cash dividend rate to $0.36 per share. The dividend increase affects the company's Common Stock and Class A Common Stock. The dividend is payable on November 17 to shareholders of record October 31, 2025. Buy Or Sell Opportunity • Oct 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to US$68.21. The fair value is estimated to be US$86.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 6.2% per annum over the same time period. Announcement • Oct 03
A. O. Smith Corporation Announces Executive Changes A. O. Smith Corporation has hired Chris Howe as the company's new senior vice president and chief digital information officer (CDIO) to replace Melissa Scheppele, chief information officer (CIO). Howe was most recently the chief executive officer and co-founder of Rise and Shift, a boutique cloud transformation and Generative AI consulting firm. Prior to starting Rise and Shift, he worked at 3M in multiple leadership roles. This role will encompass all traditional CIO responsibilities while emphasizing the development of new digital strategies to support the business. As CDIO, Howe will lead organization-wide digital transformation initiatives, drive digital innovation and emerging technology adoption, and implement advanced data analytics and AI capabilities, while fostering digital culture and organizational change. Since starting Rise and Shift in 2023, Howe and his team have been at the forefront of Generative AI solutions, commercializing a new widget-based, GenAI platform to reduce compliance burden and time-to-market in regulated industries and partnering with clients to deliver Agentic AI transformation solutions. Through strong collaboration with Amazon Web Services and global technology partners, Howe and team have delivered on numerous cloud transformation initiatives with targeted clients across the globe, including a cloud-native digital manufacturing solution for a global food company. Before that, he worked at 3M for 25 years, most recently as senior vice president of business transformation, vice president of global IT applications and director of global supply chain IT applications. Howe is a veteran of the United States Marine Corps, serving in Operations Desert Shield and Desert Storm, as well as Operation "Sea Angel," bringing critical humanitarian aid to Bangladesh following a devastating cyclone that struck the southeastern coast of the country. Announcement • Oct 02
A. O. Smith Corporation to Report Q3, 2025 Results on Oct 28, 2025 A. O. Smith Corporation announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 28, 2025 Announcement • Aug 29
A. O. Smith Corporation Appoints Paul Jones as Senior Vice President, General Counsel and Chief Compliance Officer, Effective October 1, 2025 A. O. Smith Corporation announced the appointment of Paul Jones to the role of senior vice president, general counsel and chief compliance officer, effective October 1, 2025. Jim Stern, A. O. Smith's executive vice president, general counsel and secretary, will transition to executive vice president corporate development, strategy and secretary. Jones and Stern will both report to CEO Steve Shafer. Jones will oversee the company's legal, compliance and intellectual property activities globally. He moves to this role after joining A. O. Smith in 2023 as vice president of corporate development and strategy. Stern will focus on corporate development and strategy, while also maintaining responsibility for government, industry and regulatory affairs. He will also continue his role as secretary for a period of time to ensure a smooth transition of this responsibility. Stern and Jones were both partners at Foley & Lardner in Milwaukee earlier in their careers. After leaving the firm, Jones went on to lead the legal teams at Regal-Beloit Corp., Harley-Davidson Inc., and Marquette University before joining A. O. Smith. Stern has been general counsel at A. O. Smith since joining in 2007. Recent Insider Transactions • Aug 08
Executive VP recently sold US$1.2m worth of stock On the 7th of August, James Stern sold around 17k shares on-market at roughly US$71.24 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months. Reported Earnings • Jul 25
Second quarter 2025 earnings released: EPS: US$1.07 (vs US$1.07 in 2Q 2024) Second quarter 2025 results: EPS: US$1.07. Revenue: US$1.01b (down 1.3% from 2Q 2024). Net income: US$152.2m (down 2.6% from 2Q 2024). Profit margin: 15% (in line with 2Q 2024). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Building industry in the United Kingdom. Buy Or Sell Opportunity • Jul 25
Now 21% undervalued Over the last 90 days, the stock has risen 12% to US$72.35. The fair value is estimated to be US$92.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 6.3% per annum over the same time period. Announcement • Jul 24
A. O. Smith Corporation Raises Earnings Guidance for the Year 2025 A. O. Smith Corporation raised earnings guidance for the year 2025. For the year, company expected Net sales to be in range of $3,850 to $3,930 and diluted earnings per share to be in range of $3.70 to $3.90 . Upcoming Dividend • Jul 24
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 31 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (3.1%). Declared Dividend • Jul 10
First quarter dividend of US$0.34 announced Shareholders will receive a dividend of US$0.34. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 1.9%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 08
A. O. Smith Reports Quarterly Dividend, Payable on August 15, 2025 Directors of A. O. Smith Corporation declared a regular quarterly cash dividend of $0.34 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on August 15 to shareholders of record July 31, 2025. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: US$0.95 (vs US$1.00 in 1Q 2024) First quarter 2025 results: EPS: US$0.95 (down from US$1.00 in 1Q 2024). Revenue: US$963.9m (down 1.5% from 1Q 2024). Net income: US$136.6m (down 7.5% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
A. O. Smith Corporation Provides Earnings Guidance for the Year 2025 A. O. Smith Corporation provided earnings guidance for the year 2025. For the year, company expected Net sales to be in range of $3,800 to $3,900 and diluted earnings per share to be in range of $3.60 to $3.90 . Upcoming Dividend • Apr 24
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (3.5%). Declared Dividend • Apr 10
Fourth quarter dividend of US$0.34 announced Shareholders will receive a dividend of US$0.34. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 08
A. O. Smith Corporation Declares Quarterly Cash Dividend, Payable on May 15, 2025 The Directors of A. O. Smith Corporation, on April 7, 2025 declared a regular quarterly cash dividend of $0.34 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on Thursday, May 15 to shareholders of record Wednesday, April 30, 2025. Announcement • Apr 02
A. O. Smith Corporation to Report Q1, 2025 Results on Apr 29, 2025 A. O. Smith Corporation announced that they will report Q1, 2025 results Pre-Market on Apr 29, 2025 Buy Or Sell Opportunity • Mar 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.1% to US$67.71. The fair value is estimated to be US$84.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Announcement • Feb 28
A. O. Smith Corporation, Annual General Meeting, Apr 08, 2025 A. O. Smith Corporation, Annual General Meeting, Apr 08, 2025. Location: national association of manufacturers, 733 10th street nw, suite 700, washington, d.c, United States Reported Earnings • Jan 30
Full year 2024 earnings released: EPS: US$3.63 (vs US$3.71 in FY 2023) Full year 2024 results: EPS: US$3.63 (down from US$3.71 in FY 2023). Revenue: US$3.82b (flat on FY 2023). Net income: US$533.6m (down 4.1% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jan 30
A. O. Smith Corporation Provides Earnings Guidance for the Year 2025 A. O. Smith Corporation provided earnings guidance for the year 2025. For the year, the company expects net sales to be $3,800 million to $3,900 million. Diluted earnings per share (GAAP) to be $3.60 to $3.90. Declared Dividend • Jan 19
Third quarter dividend of US$0.34 announced Shareholders will receive a dividend of US$0.34. Ex-date: 31st January 2025 Payment date: 18th February 2025 Dividend yield will be 1.8%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 17
A. O. Smith Corporation Declares Quarterly Cash Dividend, Payable on February 18, 2025 The Directors of A. O. Smith Corporation declared a regular quarterly cash dividend of $0.34 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on February 18, 2025 to shareholders of record January 31, 2025. Announcement • Jan 03
A. O. Smith Corporation to Report Q4, 2024 Results on Jan 30, 2025 A. O. Smith Corporation announced that they will report Q4, 2024 results Pre-Market on Jan 30, 2025 Upcoming Dividend • Oct 24
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 31 October 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.9%). Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: US$0.82 (vs US$0.90 in 3Q 2023) Third quarter 2024 results: EPS: US$0.82 (down from US$0.90 in 3Q 2023). Revenue: US$902.6m (down 3.7% from 3Q 2023). Net income: US$120.1m (down 11% from 3Q 2023). Profit margin: 13% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Announcement • Oct 11
A. O. Smith Corporation Revises Earnings Guidance for the Full Year 2024 A. O. Smith Corporation revised earnings guidance for the full year 2024. For the year, the company expected EPS to be between $3.70 and $3.85 compared to prior guidance of $3.95 to $4.10. Net sales expected to be between $3,800 million to $3,900 million. Buy Or Sell Opportunity • Oct 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to US$86.94. The fair value is estimated to be US$109, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.8%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Declared Dividend • Oct 10
Second quarter dividend increased to US$0.34 Dividend of US$0.34 is 6.3% higher than last year. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 08
A. O. Smith Corporation Increases Quarterly Cash Dividend, Payable on November 15, 2024 On October 7, 2024, the board of directors of A. O. Smith Corporation 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. The dividend is payable on November 15 to shareholders of record October 31, 2024. Announcement • Oct 02
A. O. Smith Corporation to Report Q3, 2024 Results on Oct 22, 2024 A. O. Smith Corporation announced that they will report Q3, 2024 results Pre-Market on Oct 22, 2024 Upcoming Dividend • Jul 25
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 31 July 2024. Payment date: 15 August 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (3.1%). Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: US$1.06 (vs US$1.04 in 2Q 2023) Second quarter 2024 results: EPS: US$1.06. Revenue: US$1.02b (up 6.6% from 2Q 2023). Net income: US$156.2m (flat on 2Q 2023). Profit margin: 15% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Building industry in the United Kingdom. Announcement • Jul 23
A. O. Smith Corporation Reaffirms Earnings Guidance for the Year 2024 A. O. Smith Corporation reaffirmed earnings guidance for the year 2024. For the year, company expects net sales to be in range of $3,970 Million to $4,050 Million, diluted earnings per share to be in range of $3.95 to $4.10. Declared Dividend • Jul 11
First quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 1.6%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 09
A. O. Smith Corporation Declares Regular Quarterly Cash Dividend on Common Stock and Class A Common Stock, Payable on August 15, 2024 Directors of A. O. Smith Corporation declared a regular quarterly cash dividend of $0.32 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on August 15 to shareholders of record July 31, 2024. Announcement • Jul 04
A. O. Smith Corporation to Report Q2, 2024 Results on Jul 23, 2024 A. O. Smith Corporation announced that they will report Q2, 2024 results Pre-Market on Jul 23, 2024 Announcement • May 11
A. O. Smith Corporation Announces Executive Changes A. O. Smith Corporation announced that Mark Petrarca, senior vice president of human resources and public affairs will retire effective August 1. Curt Selby, who previously worked for A. O. Smith'sElectrical Products Company, has been named Petrarca's successor. Petrarca was named senior vice president of human resources and public affairs in 2005. He joined the organization in June 1999 as vice president of human resources for A. O. Smith'sWater Products Company. In his current role, he oversees all domestic and international human resources activities, including policy and strategy development, employment, compensation, employee relations, performance management, organizational development and succession planning. He was actively involved in several key acquisitions and divestures during his tenure that helped shape A. O. Smith into the company it is today. Additionally, Petrarca manages all aspects of public affairs for the company and has served as a Board member for the A. O. Smith Foundation. Succeeding Petrarca will be Curt Selby, who rejoins A. O. Smith on May 16 to allow for a smooth transition. Selby previously served as vice president of global human resources for A. O. Smith'sElectrical Products Company from 2005 to 2011, and as director of human resources from 2001 to 2005. When Regal Beloit Corporation acquired the Electrical Products Company in 2011, he was appointed to the position of vice president of international human resources and served in that role with Regal Beloit for three years. Most recently, Selby partnered with his wife at Board & Brush Creative Studio. He served as Chief Operating Officer and helped grow the business from one location in 2015 to over 200 franchised locations today. Curt earned his Bachelor of Arts degree in psychology from Wabash College. Announcement • Apr 27
A. O. Smith Corporation Re-Affirms Earnings Guidance for the Year 2024 A. O. Smith Corporation reaffirmed earnings guidance for the year 2024. For the year, company expects net sales to be in range of $3,970 Million to $4,050 Million against $3,853 for the previous period, Diluted earnings per share to be in range of $3.90 to $4.15 against Diluted earnings per share $3.69 for the previous period. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$0.99 (vs US$0.84 in 1Q 2023) First quarter 2024 results: EPS: US$0.99 (up from US$0.84 in 1Q 2023). Revenue: US$978.8m (up 1.3% from 1Q 2023). Net income: US$147.6m (up 16% from 1Q 2023). Profit margin: 15% (up from 13% in 1Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 25
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (3.3%). Declared Dividend • Apr 14
Fourth quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 10
A. O. Smith Declares Regular Quarterly Cash Dividend, Payable on May 15 2024 A. O. Smith Corporation declared a regular quarterly cash dividend of $0.32 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on May 15 to shareholders of record, April 30, 2024. Announcement • Apr 04
A. O. Smith Corporation to Report Q1, 2024 Results on Apr 25, 2024 A. O. Smith Corporation announced that they will report Q1, 2024 results at 9:30 AM, US Eastern Standard Time on Apr 25, 2024 Announcement • Mar 19
A. O. Smith Corporation Appoints Stephen Shafer as President and Chief Operating Officer A. O. Smith Corporation announced 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. Shafer is an accomplished business leader with deep global experience in manufacturing and leading highly innovative businesses. He joined 3M Company in 2010 and has held several positions with increasing levels of responsibility in multiple 3M business units in both the U.S. and China. Most recently, he served as president of the Automotive and Aerospace Solutions Division for 3M Company. Prior to 3M, Steve worked for McKinsey & Company and Ford Motor Company holding various roles focusing on manufacturing, supply chain and operational improvement. Shafer earned his MBA from Harvard Business School and his Bachelor of Science degree in Industrial Engineering from Northwestern University. He resides in Minneapolis, MN and will be relocating to the Milwaukee area. Announcement • Mar 13
NorthStar Asset Management, Inc Files a Notice of Exempt Solicitation to A. O. Smith Corporation On March 13, 2024, NorthStar Asset Management, Inc announced it has filed a notice of exempt solicitation and urged the shareholders of A. O. Smith Corporation to vote for the proposal regarding eliminating discrimination through Inclusive Hiring at A. O. Smith Corporation shareholder meeting on April 9, 2024. Announcement • Mar 08
A. O. Smith Corporation (NYSE:AOS) acquired Impact Water Products Inc. A. O. Smith Corporation (NYSE:AOS) acquired Impact Water Products Inc. on March 6, 2024. The current management team consisting of Judy Guan, Allan Horner, Jerry Horner and Victor Chu will remain with the organization and continue operating out of the Ontario, California office.A. O. Smith Corporation (NYSE:AOS) completed the acquisition of Impact Water Products Inc. on March 6, 2024. Announcement • Mar 01
A. O. Smith Corporation, Annual General Meeting, Apr 09, 2024 A. O. Smith Corporation, Annual General Meeting, Apr 09, 2024, at 08:00 US Eastern Standard Time. Location: Carnegie Hotel, 1216 W. State of Franklin Road Johnson City Tennessee United States Agenda: To elect Board of Directors; to approve, by advisory vote, the compensation of named executive officers; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; to consider a stockholder proposal, if properly presented at the meeting, requesting a Board report on hiring practices with respect to formerly incarcerated people; and to consider and act upon such other business as may properly come before the Annual Meeting. Reported Earnings • Jan 30
Full year 2023 earnings released: EPS: US$3.69 (vs US$1.52 in FY 2022) Full year 2023 results: EPS: US$3.69 (up from US$1.52 in FY 2022). Revenue: US$3.85b (up 2.6% from FY 2022). Net income: US$556.6m (up 136% from FY 2022). Profit margin: 14% (up from 6.3% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jan 30
A. O. Smith Provides Earnings Guidance for the Year 2024 A. O. Smith provided earnings guidance for the year 2024. For the year, the company expects net sales to be $3,970 million to $4,050 million. Diluted earnings per share to be $3.90 to $4.15. Upcoming Dividend • Jan 23
Upcoming dividend of US$0.32 per share at 1.6% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 15 February 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (3.7%). Announcement • Jan 17
A. O. Smith Declares Quarterly Cash Dividend, Payable on February 15, 2024 On January 16, 2024, the board of directors of A. O. Smith Corporation declared a regular quarterly cash dividend of $0.32 per share. The dividend increase affects the company's Common Stock and Class A Common Stock. The dividend is payable on February 15 to shareholders of record January 31, 2024. Announcement • Jan 05
A. O. Smith Corporation Announces Retirement of David R. Warren as Senior Vice President of the Company, and President of the Company’s North American Water Heating Business Unit On January 2, 2024, David R. Warren, Senior Vice President of A. O. Smith Corporation, and President of the Company’s North American Water Heating Business Unit, informed the Company that he will retire from the Company effective April 1, 2024. Mr. Warren has nearly 35 years of service with the Company in a variety of roles. Recent Insider Transactions • Nov 14
Executive VP recently sold US$1.2m worth of stock On the 13th of November, James Stern sold around 16k shares on-market at roughly US$72.50 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.4m more than they bought in the last 12 months. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.90 (vs US$0.71 in 3Q 2022) Third quarter 2023 results: EPS: US$0.90 (up from US$0.71 in 3Q 2022). Revenue: US$937.5m (up 7.2% from 3Q 2022). Net income: US$135.4m (up 23% from 3Q 2022). Profit margin: 14% (up from 13% in 3Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Buying Opportunity • Oct 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be US$82.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 7.1% in 2 years. Earnings is forecast to grow by 115% in the next 2 years. Upcoming Dividend • Oct 23
Upcoming dividend of US$0.32 per share at 1.8% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 15 November 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (6.7%). Lower than average of industry peers (4.5%). Announcement • Oct 10
A. O. Smith Increases Quarterly Dividend, Payable on November 15, 2023 On October 9, 2023, the board of directors of A. O. Smith Corporation approved a 7% increase in the company's quarterly cash dividend rate to $0.32 per share. The dividend increase affects the company's Common Stock and Class A Common Stock. The dividend is payable on November 15 to shareholders of record October 31, 2023. Announcement • Oct 05
A. O. Smith Corporation to Report Q3, 2023 Results on Oct 26, 2023 A. O. Smith Corporation announced that they will report Q3, 2023 results Pre-Market on Oct 26, 2023 Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$1.04 (vs US$0.81 in 2Q 2022) Second quarter 2023 results: EPS: US$1.04 (up from US$0.81 in 2Q 2022). Revenue: US$960.8m (flat on 2Q 2022). Net income: US$157.0m (up 24% from 2Q 2022). Profit margin: 16% (up from 13% in 2Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 21
Upcoming dividend of US$0.30 per share at 1.6% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (3.8%). Announcement • Jul 13
A. O. Smith Corporation to Report Q2, 2023 Results on Jul 27, 2023 A. O. Smith Corporation announced that they will report Q2, 2023 results Pre-Market on Jul 27, 2023 Announcement • Jul 12
A. O. Smith Corporation Declares Regular Quarterly Cash Dividend, Payable on August 15, 2023 Directors of A. O. Smith Corporation declared a regular quarterly cash dividend of $0.30 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on August 15 to shareholders of record July 31, 2023. Recent Insider Transactions • May 04
Independent Director recently sold US$102k worth of stock On the 1st of May, Mark Smith sold around 1k shares on-market at roughly US$69.75 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$365k more than they bought in the last 12 months. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.83 (vs US$0.76 in 1Q 2022) First quarter 2023 results: EPS: US$0.83 (up from US$0.76 in 1Q 2022). Revenue: US$966.4m (down 1.2% from 1Q 2022). Net income: US$126.9m (up 5.9% from 1Q 2022). Profit margin: 13% (in line with 1Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 20
Upcoming dividend of US$0.30 per share at 1.8% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (4.0%). Recent Insider Transactions • Feb 07
Key Executive recently sold US$279k worth of stock On the 3rd of February, Samuel Carver sold around 4k shares on-market at roughly US$69.65 per share. This transaction amounted to 78% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Samuel has been a net seller over the last 12 months, reducing personal holdings by US$398k. Reported Earnings • Feb 01
Full year 2022 earnings released: EPS: US$1.51 (vs US$3.05 in FY 2021) Full year 2022 results: EPS: US$1.51 (down from US$3.05 in FY 2021). Revenue: US$3.75b (up 6.1% from FY 2021). Net income: US$235.7m (down 52% from FY 2021). Profit margin: 6.3% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 01
A. O. Smith Corporation Provides Earnings Guidance for the Fiscal Year 2023 A. O. Smith Corporation provided earnings guidance for the fiscal year 2023. For the year, the company expects net sales to be in the range of $3,640 million to $3,865 million and diluted earnings per share to be in the range of $3.15 to $3.45. Upcoming Dividend • Jan 23
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 15 February 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (3.8%). Announcement • Jan 18
A. O. Smith Declares Quarterly Dividend, Payable on February 15, 2023 Directors of A. O. Smith Corporation declared a regular quarterly cash dividend of $0.30 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on February 15, 2023 to shareholders of record January 31, 2023. Announcement • Jan 04
A. O. Smith Corporation to Report Q4, 2022 Results on Jan 31, 2023 A. O. Smith Corporation announced that they will report Q4, 2022 results Pre-Market on Jan 31, 2023 Recent Insider Transactions • Nov 16
Independent Lead Director recently sold US$252k worth of stock On the 11th of November, Ronald Brown sold around 4k shares on-market at roughly US$60.48 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$255k more than they bought in the last 12 months. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.71 (vs US$0.83 in 3Q 2021) Third quarter 2022 results: EPS: US$0.71 (down from US$0.83 in 3Q 2021). Revenue: US$874.2m (down 4.4% from 3Q 2021). Net income: US$109.8m (down 17% from 3Q 2021). Profit margin: 13% (down from 14% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. 