Exhibit 99.1 News Release Media Relations: Mark Petrarca 414-359-4100 mpetrarca@aosmith.com Investor Relations: Helen Gurholt 414-359-4157 hgurholt@aosmith.com FOR IMMEDIATE RELEASE April 25, 2024 A. O. Smith Reports Strong First Quarter Performance First Quarter 2024 Highlights (Comparisons are year-over-year ("YoY"), unless otherwise noted) • Sales of $979 million, an increase of 1% • Earnings per share (EPS) of $1.00, a YoY increase of 19% and an increase of 6% compared to prior year adjusted EPS • Stron ...

Investors are always looking for stocks that are poised to beat at earnings season and A. O. Smith Corporation (AOS) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because A. O. Smith is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty ...

A. O. Smith Corporation (AOS) is likely to witness top bottom-line growth when it reports first-quarter 2024 results on Apr 25, before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $995 million, which suggests growth of 3% from the year-ago quarter’s reported figure.The consensus mark for earnings is pinned at 99 cents per share, which has improved 1% in the past 60 days. The figure indicates a jump of 5.3% from the figure reported in the year-ago quarter. The company’s bottom lin ...

Core Viewpoint - A. O. Smith Corporation has declared a quarterly cash dividend of $0.32 per share on its Common Stock and Class A Common Stock, reflecting the company's ongoing commitment to returning value to shareholders [1]. Company Overview - A. O. Smith Corporation is celebrating its 150th year in business and is headquartered in Milwaukee, Wisconsin [1]. - The company is recognized as a global leader in innovative technology and energy-efficient solutions, particularly in the manufacturing and marketing of water heating equipment and boilers, as well as water treatment products [1]. - A. O. Smith is listed on the New York Stock Exchange under the ticker symbol AOS [1].

A. O. Smith Corporation (AOS) stands to benefit from strength across its businesses, acquisitions and focus on operational excellence. The company remains focused on investing in growth opportunities and strengthening its long-term market position.Image Source: Zacks Investment ResearchIt has a market capitalization of $12.9 billion. Over the past six months, it has gained 27.6% compared with the industry’s growth of 35.4%. AOS currently carries a Zacks Rank #2 (Buy).Let’s delve into the factors that have b ...

U.S. manufacturing activities surprisingly rebounded in March, indicating yet another example of the solid fundamentals of the economy. The Institute of Supply Management (ISM) reported that its U.S. manufacturing index came in at 50.3%, beating the consensus estimate of 48.6%. The metric for February was 47.8%. Notably, any reading above 50% indicates expansion in manufacturing activities.The manufacturing sector is the second-largest component of the U.S. economy, constituting around 10-12% of the GDP. Du ...

MILWAUKEE, April 3, 2024 /PRNewswire/ -- A. O. Smith Corporation (NYSE: AOS) will release its first quarter 2024 financial results before the market opens on Thursday, April 25, and has scheduled an investor conference call to follow at 10:00 a.m. (Eastern 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 the "First ...

Experienced global executive to lead operationsMILWAUKEE, March 18, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE: AOS) announced today the appointment of Stephen Shafer as president and chief operating officer, effective March 18, 2024.In this role, Shafer will lead the company's global business units, including operations, engineering and IT. "Steve will work with me and our team to drive enhanced performance and continued growth in sales and profitabil ...

I like to read the Canadian publication Corporate Knights. It provides me with some great ideas for renewable energy stocks to buy. An article from the end of February entitled, "To fight inflation, get a heat pump," caught my attention for several reasons. "Canada will have to install hundreds of thousands more heat pumps over the next three years and current sales trends indicate to get on track to decarbonize home heating and cooling by 2050, a webinar audience heard Thursday afternoon," Corporate Knight ...

A. O. Smith Corporation (AOS) has been benefiting from strong demand for water heater products and higher shipments in North America. The company expects North American boiler sales to increase by about 8-10% and North American water treatment sales to grow approximately 10-12% on a year-over-year basis in 2024. Also, the launch of kitchen appliance products in China has been boosting the performance of the Rest of the World business. For 2024, A. O. Smith expects overall sales to increase approximately 3-5 ...