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Acquisitions and Portfolio Expansion - A O Smith Corporation engaged in bolt-on acquisitions to expand its business geographically and enhance its portfolio [1] - In November 2024, the company acquired Pureit from Unilever, leveraging its expertise in water treatment solutions and strong brand recognition to strengthen its position in India [1] - In March 2024, the company acquired Impact Water Products, expanding its water treatment footprint in North America [1] - The company spent $21 3 million on acquisitions in the first nine months of 2024 [1] Shareholder Rewards - The company paid dividends worth $140 9 million in the first nine months of 2024, a 3 8% year-over-year increase [2] - In October 2024, the company increased its dividend by 6% to 34 cents per share, marking over 30 consecutive years of dividend growth [2] - The company repurchased 2 9 million shares for $237 1 million in the first nine months of 2024, with 2 7 million shares remaining under the existing authorization [2] - The board increased the buyback program by 2 million shares in Q1 2024, with an expected $300 million in share repurchases for the year [2] Financial Position - At the end of Q3 2024, the company had $219 3 million in cash and cash equivalents, significantly higher than its current debt of $10 million [3] - The company had long-term debt of $109 7 million, indicating sufficient liquidity to meet debt obligations [3] Segment Challenges - The Rest of World segment faced a 10% year-over-year revenue decline in Q3 2024 due to lower volumes of water heaters and water treatment products in China [4] - The North America segment saw a 1% year-over-year sales decline in Q3 2024, driven by lower residential and commercial water heater volumes despite higher boiler and water treatment sales [4] Cost Pressures - The company's cost of sales increased by 2 2% year-over-year to $1 8 billion in the first nine months of 2024, driven by higher material costs [5] - SG&A expenses rose by 2 8% year-over-year due to increased employee costs, including wages and management incentives [5] - Raw material costs, particularly steel prices, are subject to fluctuations, which could impact margins and profitability if sales growth does not offset cost increases [5] Stock Performance and Industry Comparison - A O Smith currently holds a Zacks Rank 3 (Hold) and has seen its stock decline by 13 5% over the past year, underperforming the industry's 14 8% growth [6] Alternative Investment Opportunities - Graham Corporation (GHM) holds a Zacks Rank 1 (Strong Buy) and delivered a trailing four-quarter average earnings surprise of 101 9% [8] - Powell Industries (POWL) also holds a Zacks Rank 1, with a trailing four-quarter average earnings surprise of 57 5% [9] - Generac Holdings Inc (GNRC) carries a Zacks Rank 2 (Buy) and has a trailing four-quarter average earnings surprise of 10 8% [9]

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. (Eastern Daylight Time). The call can be heard live on the company's website, www.aosmith.com. An audio replay of the call will be available on the company's website after the live event. To access the archived audio replay, go to the "Investors" page and select ...

And I mean boring as a positive. Companies that achieve sustainable growth in the long-term and can convert this into healthy bottom-line profit and free cash flow. One of theseI am a Dutch manual therapist (MSc) and a passionate retail investor. My investment journey started in 2021 and from that point my love for investing has begun. Nearly from the start i had a strong preference for dividend growth investing.My investment goal is to retire early with the dividend growth strategy, combined with value inv ...

A.O. Smith Corporation (NYSE: AOS ) designs, manufactures and sells gas and electric water heaters, pumps and filtration products for residential and commercial clients. The company reports revenues for two segments, North America and the Rest of the World, which mainly consists of China, butI have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way up to a managemen ...

A. O. Smith Corporation (AOS) has failed to impress investors with its recent operational performance due to persistent weakness in the Rest of the World segment. Also, increasing expenses are likely to impede the company’s earnings in the quarters ahead.Headquartered in Milwaukee, WI, A. O. Smith is one of the leading manufacturers of commercial and residential water heating equipment and water treatment products of the world. The company specializes in offering innovative and energy-efficient solutions an ...

A month has gone by since the last earnings report for A.O. Smith (AOS) . Shares have lost about 7.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is A.O. Smith due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. A. O. Smith Q3 Earnings Match Estimates, Sales Decline ...

The theme of my last few articles has focused on how difficult it has been to locate new stocks to invest in that are attractively valued. For me, attractively valued doesn't just mean that the stock price**Effective 8/20/2023 the in-depth retirement article series for John & Jane will be available in video format on YouTube. Please consider watching, commenting, and subscribing as I expand on my analysis. I am trying to keep the videos about 30 minutes or less but hope they will be even more interesting fo ...

MILWAUKEE, Nov. 1, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation (the "Company") (NYSE: AOS) today announced it has completed its acquisition of Pureit, a Unilever PLC business at a purchase price of approximately $120 million, subject to customary adjustments. Pureit offers a broad range of residential water purification solutions, primarily in India. Pureit logo "Pureit complements our premium brands in the market and their strength in e-commerce will allow us to expand ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________ FORM 10-Q ______________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |-------------------------------------|-------------------------------- ...