Industrial production increased 0.1% in December, the Federal Reserve said on Jan 17. Although the jump was unexpected, as economists had forecast the reading to remain unchanged, it was notable.The rise in December not only proves the underlying strength in the economy but also hints at a rebound being witnessed in manufacturing activity after months of struggle. Overall manufacturing activity also increased in December to close out a tough year.However, the picture looks rosier now compared to last year a ...

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The crisis for the U.S. manufacturing sector is far from over but the picture is finally looking brighter as activity shows signs of expansion. Manufacturing activity contracted in 2023, but the pace slowed as the year came to a close.The Institute for Supply Management’s (ISM) manufacturing PMI rose to 47.4 in December after remaining unchanged in the prior two months at 46.7. Also, December’s growth in manufacturing activity came in higher than economists’ expectations of 47.1.Although any reading below 5 ...

MILWAUKEE, Jan. 16, 2024 /PRNewswire/ -- On Tuesday, January 16, 2024, the board of directors of A. O. Smith Corporation (NYSE: AOS) declared a regular quarterly cash dividend of $0.32 per share. The dividend increase affects the company's Common Stock and Class A Common Stock.The dividend is payable on Thursday, February 15 to shareholders of record January 31, 2024. A. O. Smith Announces Quarterly Dividend Post this About A. O. SmithCelebrating its 150th year of business, A. O. Smith Corporation, head ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider A.O. Smith (AOS) . This company, which is in the Zacks Manufacturing - Electronics industry, shows potential for another earnings beat.This maker of water heaters and boilers has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for ...

The struggle continues for the U.S. manufacturing sector, but the picture is finally looking brighter with the sector making a solid effort to stage a rebound. Cooling inflation is once again driving demand that has seen orders at U.S. factories picking up lately.New orders for U.S.-made factory goods increased 2.6% in November, surpassing economists’ expectations of a rise of 2.1%, the Census Bureau said on Jan 5. The rebound came after a 3.4% decline in October.Year over year, factory orders increased 0.7 ...

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 September 30, 2023. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |-------------------------------------|-------------------------------- ...

A. O. Smith Corporation (NYSE:AOS) Q3 2023 Results Conference Call October 26, 2023 10:00 AM ET Company Participants Helen Gurholt - VP, IR and Financial Planning & Analysis Kevin Wheeler - Chairman and CEO Chuck Lauber - CFO Conference Call Participants Saree Boroditsky - Jefferies Nathan Jones - Stifel Bryan Blair - Oppenheimer Susan Maklari - Goldman Sachs Andy Kaplowitz - Citigroup Matt Summerville - D.A. Davidson & Company Damian Karas - UBS Operator Welcome to the A. O. Smith’s Third Quarter 2023 Earn ...

Second Quarter 2023 Results Participants Kevin J. Wheeler Charles T. Lauber Helen E. Gurholt Chairman and Executive Vice President Vice President - Investor Relations, Chief Executive Officer and Chief Financial Officer Financial Planning & Analysis ...

A O Smith Corporation (NYSE:AOS) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET Company Participants Helen Gurholt - VP, IR and Financial Planning & Analysis Kevin Wheeler - Chairman, President, & CEO Charles Lauber - EVP & CFO Conference Call Participants Matt Summerville - D.A. Davidson & Co. Michael Halloran - Robert W. Baird & Co. Joseph Nolan - Longbow Research Adam Farley - Stifel, Nicolaus & Company Damian Karas - UBS Andrew Kaplowitz - Citigroup Jeffrey Hammond - KeyBanc Capital Markets ...