A. O. Smith Past Earnings Performance

Past criteria checks 6/6

A. O. Smith has been growing earnings at an average annual rate of 2.3%, while the Building industry saw earnings growing at 8.3% annually. Revenues have been growing at an average rate of 6.8% per year. A. O. Smith's return on equity is 30.7%, and it has net margins of 14.9%.

Key information

2.3%

Earnings growth rate

4.8%

EPS growth rate

Building Industry Growth	8.3%
Revenue growth rate	6.8%
Return on equity	30.7%
Net Margin	14.9%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How A. O. Smith makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:0L7A Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	3,865	577	749
31 Dec 23	3,853	557	744
30 Sep 23	3,801	299	733
30 Jun 23	3,738	274	713
31 Mar 23	3,743	243	710
31 Dec 22	3,754	236	706
30 Sep 22	3,813	495	702
30 Jun 22	3,854	517	722
31 Mar 22	3,748	509	722
31 Dec 21	3,539	487	702
30 Sep 21	3,378	468	692
30 Jun 21	3,223	441	675
31 Mar 21	3,027	391	661
31 Dec 20	2,895	345	667
30 Sep 20	2,812	316	675
30 Jun 20	2,780	298	688
31 Mar 20	2,881	332	708
31 Dec 19	2,993	370	721
30 Sep 19	3,054	405	724
30 Jun 19	3,080	422	729
31 Mar 19	3,148	435	747
31 Dec 18	3,188	444	755
30 Sep 18	3,144	341	741
30 Jun 18	3,140	330	735
31 Mar 18	3,045	308	719
31 Dec 17	2,997	297	724
30 Sep 17	2,926	357	705
30 Jun 17	2,860	346	701
31 Mar 17	2,789	341	683
31 Dec 16	2,686	327	654
30 Sep 16	2,627	324	639
30 Jun 16	2,568	314	624
31 Mar 16	2,555	298	623
31 Dec 15	2,537	283	611
30 Sep 15	2,524	256	614
30 Jun 15	2,480	233	610
31 Mar 15	2,422	220	588
31 Dec 14	2,356	208	572
30 Sep 14	2,288	197	553
30 Jun 14	2,243	193	541
31 Mar 14	2,196	177	535
31 Dec 13	2,154	170	525
30 Sep 13	2,119	171	510
30 Jun 13	2,045	161	488

Quality Earnings: 0L7A has high quality earnings.

Growing Profit Margin: 0L7A's current net profit margins (14.9%) are higher than last year (6.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 0L7A's earnings have grown by 2.3% per year over the past 5 years.

Accelerating Growth: 0L7A's earnings growth over the past year (137.8%) exceeds its 5-year average (2.3% per year).

Earnings vs Industry: 0L7A earnings growth over the past year (137.8%) exceeded the Building industry -3.8%.

A. O. Smith Past Earnings Performance

Past criteria checks 6/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: US$0.99 (vs US$0.84 in 1Q 2023)

A. O. Smith Corporation to Report Q1, 2024 Results on Apr 25, 2024

Full year 2023 earnings released: EPS: US$3.69 (vs US$1.52 in FY 2022)

Third quarter 2023 earnings released: EPS: US$0.90 (vs US$0.71 in 3Q 2022)

A. O. Smith Corporation to Report Q3, 2023 Results on Oct 26, 2023

Second quarter 2023 earnings released: EPS: US$1.04 (vs US$0.81 in 2Q 2022)

Recent updates

A. O. Smith Corporation Re-Affirms Earnings Guidance for the Year 2024

A. O. Smith Corporation Provides Earnings Guidance for the Year 2024

First quarter 2024 earnings released: EPS: US$0.99 (vs US$0.84 in 1Q 2023)

Upcoming dividend of US$0.32 per share

Fourth quarter dividend of US$0.32 announced

A. O. Smith Declares Regular Quarterly Cash Dividend, Payable on May 15 2024

A. O. Smith Corporation to Report Q1, 2024 Results on Apr 25, 2024

A. O. Smith Corporation Appoints Stephen Shafer as President and Chief Operating Officer

NorthStar Asset Management, Inc Files a Notice of Exempt Solicitation to A. O. Smith Corporation

NorthStar Asset Management, Inc Files a Notice of Exempt Solicitation to A. O. Smith Corporation

A. O. Smith Corporation (NYSE:AOS) acquired Impact Water Products Inc.

A. O. Smith Corporation, Annual General Meeting, Apr 09, 2024

Full year 2023 earnings released: EPS: US$3.69 (vs US$1.52 in FY 2022)

A. O. Smith Provides Earnings Guidance for the Year 2024

Upcoming dividend of US$0.32 per share at 1.6% yield

A. O. Smith Declares Quarterly Cash Dividend, Payable on February 15, 2024

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

Executive VP recently sold US$1.2m worth of stock

Third quarter 2023 earnings released: EPS: US$0.90 (vs US$0.71 in 3Q 2022)

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.32 per share at 1.8% yield

A. O. Smith Increases Quarterly Dividend, Payable on November 15, 2023

A. O. Smith Corporation to Report Q3, 2023 Results on Oct 26, 2023

A. O. Smith Corporation (NYSE:AOS) acquired Water Tec of Tucson from family.

Second quarter 2023 earnings released: EPS: US$1.04 (vs US$0.81 in 2Q 2022)

Upcoming dividend of US$0.30 per share at 1.6% yield

A. O. Smith Corporation to Report Q2, 2023 Results on Jul 27, 2023

A. O. Smith Corporation Declares Regular Quarterly Cash Dividend, Payable on August 15, 2023

A. O. Smith Corporation Declares Regular Quarterly Cash Dividend, Payable on August 15, 2023

Independent Director recently sold US$102k worth of stock

First quarter 2023 earnings released: EPS: US$0.83 (vs US$0.76 in 1Q 2022)

Upcoming dividend of US$0.30 per share at 1.8% yield

Key Executive recently sold US$279k worth of stock

Full year 2022 earnings released: EPS: US$1.51 (vs US$3.05 in FY 2021)

A. O. Smith Corporation Provides Earnings Guidance for the Fiscal Year 2023

Upcoming dividend of US$0.30 per share

A. O. Smith Declares Quarterly Dividend, Payable on February 15, 2023

A. O. Smith Corporation to Report Q4, 2022 Results on Jan 31, 2023

Independent Lead Director recently sold US$252k worth of stock

Third quarter 2022 earnings released: EPS: US$0.71 (vs US$0.83 in 3Q 2021)

A. O. Smith Provides Earnings Guidance for the Year 2022

Upcoming dividend of US$0.30 per share

A. O. Smith Corporation Revises Earnings Guidance for Full Year 2022

A. O. Smith Corporation to Report Q3, 2022 Results on Oct 27, 2022

Ao Smith's Promoted Parag Kulkarni as Senior Vice President of International Business

Now 21% undervalued

Now 20% undervalued

Second quarter 2022 earnings released: EPS: US$0.81 (vs US$0.74 in 2Q 2021)

A. O. Smith Corporation Reaffirms Earnings Guidance for the Year 2022

A. O. Smith Corporation Appoints Noelle Brigham as Environmental, Social and Governance Director

Upcoming dividend of US$0.28 per share

A. O. Smith Corporation Declares Quarterly Dividend on Common Stock and Class A Common Stock, Payable on August 15, 2022

A. O. Smith Corporation to Report Q2, 2022 Results on Jul 28, 2022

A. O. Smith Corporation (NYSE:AOS) acquired Atlantic Filter Corporation from James W. Wakem II and family.

Key Executive recently sold US$119k worth of stock

First quarter 2022 earnings released: EPS: US$0.76 (vs US$0.60 in 1Q 2021)

Upcoming dividend of US$0.28 per share

A. O. Smith Corporation Declares Regular Quarterly Cash Dividend, Payable on May 16, 2022

A. O. Smith Corporation to Report Q1, 2022 Results on Apr 28, 2022

Now 21% undervalued after recent price drop

A. O. Smith Corporation, Annual General Meeting, Apr 12, 2022

Bruce M. Smith to Retire as Member of the Board of Directors of A. O. Smith Corporation, Effective April 12, 2022

Independent Director recently bought US$274k worth of stock

A. O. Smith Corporation Provides Earnings Guidance for the Year 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Insider recently sold US$158k worth of stock

Independent Director recently sold US$94k worth of stock

Independent Lead Director recently sold US$1.1m worth of stock

Third quarter 2021 earnings released: EPS US$0.82 (vs US$0.65 in 3Q 2020)

Revenue & Expenses Breakdown
Beta