A. O. Smith Corporation’s (AOS) first-quarter 2024 adjusted earnings of $1.00 per share surpassed the Zacks Consensus Estimate of 99 cents. The bottom line increased 6% on a year-over-year basis.Net sales of $978.8 million missed the consensus estimate of $995 million. However, the top line inched up 1% year over year, driven by strong demand for commercial water heaters in North America.Segmental DetailsA. O. Smith’s quarterly sales in North America (comprising the United States and Canada operations) incr ...

Quarterly results provide no indication this stock is reaching boiling temperature.Water heater manufacturer A.O. Smith (AOS -6.76%) had a solid first quarter, but warned some of those sales were likely pulled forward from future quarters.Investors are focused on what is to come, sending A.O. Smith shares down 7% as of 11:30 a.m. ET.A lukewarm quarterA.O. Smith is one of the world's largest manufacturers of commercial and residential water heaters and water treatment products. The company earned $1 per shar ...

For the quarter ended March 2024, A.O. Smith (AOS) reported revenue of $978.8 million, up 1.3% over the same period last year. EPS came in at $1.00, compared to $0.94 in the year-ago quarter.The reported revenue represents a surprise of -1.62% over the Zacks Consensus Estimate of $994.87 million. With the consensus EPS estimate being $0.99, the EPS surprise was +1.01%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

First Quarter 2024 Results April 25, 2024 1st Quarter 2024 Earnings Presentation | 1 Kevin J. Wheeler Charles T. Lauber Helen E. Gurholt Chairman and Executive Vice President Vice President - Investor Relations, Chief Executive Officer andChief Financial Officer Financial Planning & Analysis ...

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 ...

MILWAUKEE, April 9, 2024 /PRNewswire/ -- Directors of A. O. Smith Corporation (NYSE: AOS) today declared a regular quarterly cash dividend of $.32 per share on the company's Common Stock and Class A Common Stock.The dividend is payable on Wednesday, May 15 to shareholders of record Tuesday, April 30, 2024. A. O. Smith Declares Quarterly Dividend Post this About A. O. SmithCelebrating its 150th year of business, A. O. Smith Corporation, headquartered in Milwaukee, Wis., is a global leader applying innova ...

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 ...