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 ...

It has been about a month since the last earnings report for A.O. Smith (AOS) . Shares have added about 6.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is A.O. Smith due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. A. O. Smith Q4 Earnings Beat Estimates, Sales Rise ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-475 A. O. Smith Corporation (Exact name of registrant as specified in its charter) Delaware (State of Incorporation) 11270 West Park Place, Milwau ...

One stock that might be an intriguing choice for investors right now is A. O. Smith Corporation (AOS) . This is because this security in the Manufacturing - Electronics space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place ...