A.O. Smith (AOS) came out with quarterly earnings of $0.82 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this maker of water heaters and boilers would post earnings of $1.07 per share when it actually produced earnings of $1.06, delivering a surprise of -0.93%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.A.O. Smith ...

News Release Media Relations: Curt Selby 414-359-4100 curt.selby@aosmith.com | --- | |------------------------------| | | | | | Investor Relations: | | Helen Gurholt 414-359-4157 | FOR IMMEDIATE RELEASE October 11, 2024 A. O. Smith Announces Preliminary Third Quarter Results and Provides Revised 2024 Full Year Guidance Summary (Comparisons are year-over-year ("YoY"), unless otherwise noted) • Preliminary third quarter sales of $903 million, a decrease of 4%, due to lower sales in China and North America wat ...

Third Quarter 2024 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted)Sales of $903 million, a decrease of 4%, driven by lower sales in China and lower volumes of water heaters in North AmericaNet earnings of $120 million, a decrease of 11%Diluted earnings per share (EPS) of $0.82, a decrease of 9% Reaffirm revised 2024 EPS outlook of $3.70 to $3.856% increase to our dividend; we have increased our dividend for 32 consecutive yearsRecently announced Pureit acquisition on track to clos ...

A. O. Smith Corporation (AOS) is set to release third-quarter 2024 results on Oct. 22, before the opening bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for revenues is pegged at $901.1 million, which indicates a decline of 4% from the year-ago quarter’s figure. The consensus mark for earnings is pinned at 86 cents per share, which has declined 8.5% in the past 60 days. The estimate indicates a decrease of 4.4% from the figure reported in the year ...

Core Viewpoint - A.O. Smith (AOS) is expected to report a decline in quarterly earnings and revenues, with significant downward revisions in earnings projections by analysts [1][2]. Financial Performance - The anticipated quarterly earnings per share (EPS) for A.O. Smith is $0.82, reflecting an 8.9% decrease year-over-year [1]. - Analysts forecast revenues of $901.55 million, indicating a 3.8% decline compared to the previous year [1]. - The consensus EPS estimate has been revised down by 12.7% in the last 30 days, highlighting a reassessment by covering analysts [1]. Geographic Revenue Insights - North America revenue is projected to be $708.50 million, showing a slight decrease of 0.2% from the year-ago quarter [2]. - Revenue from the Rest of the World is expected to be $215.40 million, reflecting a year-over-year decline of 7.7% [2]. Segment Operating Earnings - Segment Operating Earnings (NON-GAAP) for North America is estimated at $161.92 million, down from $170 million in the same quarter last year [2]. - Segment Operating Earnings (NON-GAAP) for the Rest of the World is forecasted to be $18.38 million, compared to $23.20 million reported in the previous year [3]. - Segment Operating Earnings (GAAP) for North America is expected to reach $170.42 million, consistent with the year-ago figure [3]. - Segment Operating Earnings (GAAP) for the Rest of the World is projected at $16.90 million, down from $23.20 million in the same quarter last year [3]. Stock Performance - A.O. Smith shares have experienced a return of -3.2% over the past month, contrasting with a +3.8% change in the Zacks S&P 500 composite [3]. - The company holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance relative to the overall market in the near future [3].

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

Here are three stocks added to the Zacks Rank #24 (Strong Sell) List today:A. O. Smith Corporation (AOS) is a residential and commercial gas and electric water utility products company. The Zacks Consensus Estimate for its current year earnings has been 5.2% downward over the last 60 days.Deere & Company (DE) is a distributor of agricultural, forestry and construction equipment. The Zacks Consensus Estimate for its current year earnings has been revised 1.2% downward over the last 60 days.The Manitowoc Comp ...

Summary(Comparisons are year-over-year ("YoY"), unless otherwise noted)Preliminary third quarter sales of $903 million, a decrease of 4%, due to lower sales in China and North America water heatingPreliminary third quarter earnings per share ("EPS") of $0.82, a decrease of 9%Preliminary cash provided by operations of $360 million and preliminary free cash flow of $283 million in the first nine months of 2024Lowered full year EPS guidance to be between $3.70 and $3.85 compared to prior guidance of $3.95 to $ ...

A. O. Smith (NYSE: AOS ), a global producer of residential and commercial water heaters and boilers, hasn’t quite been able to generate ample alpha for its stakeholders this year. On a YTD basis, AOS has only notched up returnsAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for i ...

In a shareholder-friendly move, A. O. Smith Corporation (AOS) recently announced a hike in its dividend payout. The company increased its quarterly dividend by 6% to 34 cents per share (annually: $1.36). The new dividend will be paid out on Nov. 15, 2024, to shareholders of record as of Oct. 31.The move underscores AOS’ sound financial health as it utilizes free cash flow to enhance its shareholders’ returns. The five-year compound annual growth rate of its’ dividend is about 8%. The company has increased i ...