brusinski Introduction It is always nice to have companies in your portfolio that are capable of raising the dividend like clockwork. Whether things are going good or bad in the stock market, these companies have a robust business model and a solid balance sheet and are therefore able to achieve sustainable dividend growth. A. O. Smith Corporation (NYSE:AOS) is a company that meets these criteria. What is special is that the company has existed for 150 years this year. This confirms that AOS stood the test ...

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 June 30, 2024. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |-------------------------------------|------------------------------------- ...

2 1 nd Quarter 2024 Earnings Presentation Second Quarter 2024 Results July 23, 2024 | --- | --- | --- | --- | --- | |-------------------------------------------------------|------------------------------------------------------------------------|--------------------------------------------------------------------------------------|-------|-------| | | | | | | | | | C | C | | | | | @ | | °.o | | Kevin J. Wheeler Chairman and Chief Executive Officer | Charles T. Lauber Executive Vice President and Chief Finan ...

A. O. Smith Corporation (NYSE:AOS) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants Helen Gurholt - VP, IR and Financial Planning & Analysis Kevin Wheeler - Chairman & CEO Chuck Lauber - CFO Conference Call Participants Matt Summerville - D.A. Davidson Jeff Hammond - KeyBanc Capital Markets Susan Maklari - Goldman Sachs Saree Boroditsky - Jefferies Andy Kaplowitz - Citigroup David MacGregor - Longbow Research Scott Graham - Seaport Research Partners Damian Karas - UBS Operator ...

A. O. Smith Corporation’s (AOS) second-quarter 2024 adjusted earnings of $1.06 per share missed the Zacks Consensus Estimate of $1.07. However, the bottom line increased 5% on a year-over-year basis.Net sales of $1.02 billion surpassed the consensus estimate of $992 million. The top line increased 7% year over year, driven by strong demand for residential and commercial water heaters in North America.Segmental DetailsA. O. Smith’s quarterly sales in North America (comprising the United States and Canada ope ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.93%. A quarter ago, it was expected that this maker of water heaters and boilers would post earnings of $0.99 per share when it actually produced earnings of $1, delivering a surprise of 1.01%.Over the last four quart ...

Exhibit 99.1 News Release Media Relations: Curt Selby 414-359-4191 curt.selby@aosmith.com | --- | |-------| | | | | FOR IMMEDIATE RELEASE July 23, 2024 A. O. Smith Reports Record Sales in the Second Quarter 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 EP ...

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 volumesDiluted 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 $4.10Recently announced Pureit acquisition expected to close by the end of 2024MILWAUKEE, July 23, 2024 /P ...

Core Viewpoint - The Industrial Products sector is expected to experience a 7.4% decline in earnings for Q2 2024, driven by a 2.2% decrease in revenues, with several major companies set to report earnings this week [1] Group 1: Sector Performance - The contraction in the U.S. manufacturing sector is reflected in the Industrial Products sector's results, with the Institute for Supply Management's manufacturing index at 48.5% in June 2024, indicating a decline from previous months [2] - Demand remains subdued as companies are hesitant to make capital investments due to current monetary policies, with the New Orders Index also below 50, although it showed slight improvement to 49.3% in June [2] - The Production index fell to 48.5% in June after two months of expansion, with companies reducing production levels due to weak order rates and declining backlog levels [3] Group 2: Specific Industry Insights - Certain areas within the sector, such as Primary Metals and Petroleum & Coal Products, have shown stable demand, while packaging demand for food and e-commerce has also remained strong [4] - Mining output increased at an annual rate of 3.4% in Q2, benefiting companies in mining and construction equipment manufacturing, although agricultural equipment makers faced challenges due to low agricultural commodity prices [4] Group 3: Cost and Margin Challenges - The sector is facing cost inflation, particularly in fuel, natural gas, aluminum, and plastics, which is expected to impact margins despite cost-control measures [5] Group 4: Company-Specific Earnings Predictions - Dover Corporation (DOV) is expected to report earnings of $2.21 per share, reflecting a 7.8% year-over-year growth, with revenues estimated at $2.15 billion, a 2.2% increase [7] - Avery Dennison (AVY) is projected to have earnings of $2.25 per share, indicating a 17% year-over-year increase, with revenues expected at $2.18 billion, suggesting 4.4% growth [9] - Packaging Corporation of America (PKG) is anticipated to report earnings of $2.11 per share, an 8.7% decline year-over-year, with revenues estimated at $2.03 billion, indicating 4% growth [10] - Pentair (PNR) is expected to have earnings of $1.15 per share, suggesting an 11.7% year-over-year growth, with revenues projected at $1.09 billion, indicating a 0.8% increase [11] - A. O. Smith (AOS) is forecasted to report earnings of $1.06 per share, a 5% year-over-year increase, with revenues estimated at $990 million, reflecting a 3% growth [13]

A. O. Smith Corporation (AOS) is likely to witness top and bottom-line growth when it reports second-quarter 2024 results on Jul 23, before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $990 million, which indicates growth of 3% from the year-ago quarter’s reported figure.The consensus mark for earnings is pinned at $1.06 per share, which has remained steady in the past 60 days. The estimate indicates a jump of 5% from the figure reported in the year-ago quarter. The company’s bot ...