AOS Stock Recent News
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A. O. Smith (AOS) gains from strength in its businesses, acquisitions and a solid liquidity position. However, a tough real estate market in China remains a concern.
A. O. Smith has been around for 150 years and has an excellent track record when it comes to sustainable dividend growth. The company recently published its quarterly earnings, which were poorly received by investors. Higher steel prices and headwinds regarding growth in China are causing mild stagnation in growth and profitability.
A. O. Smith's (AOS) Q2 results benefit from robust demand for commercial water heaters. Higher sales volumes of kitchen appliance products in China are added positives.
The headline numbers for A.O. Smith (AOS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
A.O. Smith (AOS) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.01 per share a year ago.
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 volumes Diluted 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 $4.10 Recently announced Pureit acquisition expected to close by the end of 2024 MILWAUKEE , July 23, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE: AOS) today announced its second quarter 2024 results.
Improving water heater volumes in North America, enhanced supply chains and higher shipments are likely to have aided A. O. Smith's (AOS) second-quarter results.
A.O. Smith (AOS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
A. O. Smith's (AOS) acquisition of Pureit is set to strengthen its product offerings and boost its position in the water treatment industry.
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