Exhibit 99.1 News Release Media Relations: Curt Selby 414-359-4191 curt.selby@aosmith.com | --- | |-------| | | | | FOR IMMEDIATE RELEASE July 23, 2024 A. O. Smith Reports Record Sales in the Second Quarter Second Quarter 2024 Highlights (Comparisons are year-over-year ("YoY"), unless otherwise noted) • Record sales of $1 billion, an increase of 7%, driven by higher water heater volumes • Diluted earnings per share (EPS) of $1.06, a YoY increase of 2% and an increase of 5% compared to prior year adjusted EP ...

Second Quarter 2024 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted)Record sales of $1 billion, an increase of 7%, driven by higher water heater volumesDiluted earnings per share (EPS) of $1.06, a YoY increase of 2% and an increase of 5% compared to prior year adjusted EPS Reaffirm 2024 sales outlook of an increase of 3% to 5%Narrow EPS guidance to a range of between $3.95 and $4.10Recently announced Pureit acquisition expected to close by the end of 2024MILWAUKEE, July 23, 2024 /P ...

The second-quarter earnings season for the Industrial Products sector is set to kick off this week. Per the Earnings Trends report dated Jul 17, the S&P 500 companies in the Industrial Sector are likely to witness a 7.4% decline in earnings for the second quarter of 2024 on the back of 2.2% lower revenues. The sector is among seven of the 16 Zacks Sectors that are anticipated to witness lower earnings than the year-ago quarter.With major industrial stocks like Dover Corporation (DOV) , Avery Dennison Corpor ...

A. O. Smith Corporation (AOS) is likely to witness top and bottom-line growth when it reports second-quarter 2024 results on Jul 23, before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $990 million, which indicates growth of 3% from the year-ago quarter’s reported figure.The consensus mark for earnings is pinned at $1.06 per share, which has remained steady in the past 60 days. The estimate indicates a jump of 5% from the figure reported in the year-ago quarter. The company’s bot ...

Loading...Loading...As of July 17, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is ab ...

Company Performance - A.O. Smith (AOS) has achieved a year-to-date return of approximately 6.5%, outperforming the average gain of 5.9% in the Industrial Products sector [2] - The Zacks Consensus Estimate for AOS' full-year earnings has remained unchanged over the past quarter, indicating stable analyst sentiment [2] - A.O. Smith holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook for the stock [1][2] Industry Comparison - A.O. Smith is part of the Manufacturing - Electronics industry, which has seen an average gain of 17.9% this year, indicating that AOS is slightly underperforming its industry [3] - Donaldson (DCI), another stock in the Industrial Products sector, has returned 10.5% year-to-date and also holds a Zacks Rank of 2 (Buy) [2][3] - The Pollution Control industry, to which Donaldson belongs, has experienced a gain of 16.2% this year, ranking 82 among industries [3] Sector Overview - The Industrial Products sector, which includes A.O. Smith and Donaldson, ranks 5 in the Zacks Sector Rank, reflecting the overall strength of the group [1] - The Zacks Rank system evaluates stocks based on earnings estimates and revisions, highlighting those likely to outperform the market in the near term [1]

MILWAUKEE, July 15, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation (the "Company") (NYSE: AOS) announced today that it has signed an agreement to acquire Pureit from Unilever. Pureit offers a broad range of residential water purification solutions and has annual sales of approximately USD $60 million, primarily in India. The purchase price will be approximately USD $120 million in cash, subject to customary adjustments. The Company expects to complete the acquisition of Pureit ...

MILWAUKEE, July 8, 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 Thursday, August 15 to shareholders of record Wednesday, July 31, 2024.A. O. Smith Announces Quarterly DividendPost thisAbout A. O. SmithCelebrating its 150th year of business, A. O. Smith Corporation, headquartered in Milwaukee, Wis., is a global leader applying innovative ...

A. O. Smith Corporation (AOS) is poised to benefit from strength across its businesses, acquired assets, healthy liquidity position and focus on operational excellence. The company remains committed to investing in growth opportunities and strengthening its long-term market position.This Zacks Rank #2 (Buy) company has a market capitalization of $11.8 billion. Over the past year, the stock has risen 11.2%. However, both the stock and the industry have declined 1.3% in the past month.Image Source: Zacks Inve ...

MILWAUKEE, July 2, 2024 /PRNewswire/ -- A. O. Smith Corporation (NYSE: AOS) will release its second quarter 2024 financial results before the market opens on Tuesday, July 23, 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 "Second ...