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Explore the exciting world of A.O. Smith (AOS 0.56%) with our expert analysts in this Motley Fool Scoreboard episode.
AOS benefits from accretive acquisitions. However, increasing costs remain a concern.
MILWAUKEE , Jan. 3, 2025 /PRNewswire/ -- A. O. Smith Corporation (NYSE: AOS) will release its fourth quarter 2024 financial results before the market opens on Thursday, January 30, and has scheduled an investor conference call to follow at 10:00 a.m.
AOS's quarterly results were not good and both revenue and EPS were worse compared to Q3-2023. However, AOS's investment thesis remains fundamentally intact, given its solid business model, strong financials and healthy balance sheet. The company has a lot to offer for dividend growth investors and scores good to excellent on the Seeking Alpha Quant dividend metrics.
A.O. Smith has a market cap of more than $10 billion and an annual CAGR of more than 18% since 2010. The Company is a Dividend Aristocrat and Champion, but the dividend growth has slowed in recent years. My current valuation suggests AOS is trading for a slightly premium, and thus, investors may need to wait for decent pullback before adding to or initiating a position.
Decline in orders for residential and commercial water heater products, rising costs and forex woes are likely to hurt AOS' Q3 results.
Evaluate the expected performance of A.O. Smith (AOS) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Friday.
The water technology company slashes its earnings outlook for the fiscal year and offers preliminary third-quarter results.
A. O. Smith has underperformed other industrial stocks this year, generating only returns of 8%. A. O. Smith's Q3-24 results are expected to be weak, with revenue growth slowing to 2% from the 7% levels seen in Q2. Although the situation isn't alarming, we do have some concerns about the company's dwindling cash position and highlight why its net cash stance could shift to a net debt stance.