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A. O. Smith Corporation

A. O. Smith Corporation

NYSE•AOS
CEO: Mr. Kevin J. Wheeler
Sector: Industrials
Industry: Industrial - Machinery
Listing Date: 1983-09-30
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides commercial water treatment and filtration product; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and electric wall-hung, gas tankless, combi-boiler, and heat pump and solar water heaters. The company offers its products under the A. O. Smith, State, Lochinvar, Hague, Water-Right, Master Water, Atlantic Filter, and Water Tec brands. It distributes its products through independent wholesale plumbing distributors, as well as to retail channels consisting of hardware and home center chains, and manufacturer representative firms; and offers Aquasana branded products directly to consumers through e-commerce channels. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin.
Contact Information
11270 West Park Place, Suite 170 PO Box 245008, Milwaukee, WI, 53224-9508, United States
414-359-4000
www.aosmith.com
Market Cap
$9.79B
P/E (TTM)
18.3
37.9
Dividend Yield
2.0%
52W High
$77.31
52W Low
$58.83
52W Range
54%
Rank28Top 11.6%
5.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$942.50M+4.42%
4-Quarter Trend

EPS

$0.94+13.25%
4-Quarter Trend

FCF

$240.60M+47.25%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Sales Slightly Increased Nine months Net Sales reached $2,917.7M, slightly up $12.0M driven by North America pricing actions.
Margin Expansion Achieved Gross Profit Margin improved to 39.0% for nine months, up 0.5 points due to successful pricing benefits.
Operating Cash Flow Rises Cash from Operations increased significantly to $433.7M, up $73.8M versus the prior year nine-month period.
Acquisition Sales Contribution Pureit acquisition contributed $45M in sales for the nine months ended September 30, 2025 period.

Risk Factors

China Demand Softness China third-party sales projected to decline approximately 10% in local currency for the full year 2025.
Net Earnings Decline Nine months Net Earnings declined to $420.8M from $423.9M, primarily due to unfavorable currency translation.
Residential Volume Weakness North America residential unit volumes expected flat to slightly down as construction softness persists into Q4.
Input Cost Pressures Pricing actions were implemented to offset higher steel and input costs, impacting short-term volume growth.

Outlook

2025 Sales Guidance Set Consolidated sales expected flat to up one percent; guidance excludes China assessment outcomes and acquisitions.
EPS Guidance Established Full year 2025 Diluted EPS guidance set between $3.70 and $3.85, excluding restructuring impacts.
Capital Allocation Plan Expect to spend approximately $400M on stock repurchases during the full year 2025 period via buyback program.
China Strategy Review Initiated strategic assessment for China business, exploring partnerships and other alternatives for realizing upside.

Peer Comparison

Revenue (TTM)

Core & Main, Inc.CNM
$7.76B
+8.1%
Parsons CorporationPSN
$6.49B
-0.2%
Regal Rexnord CorporationRRX
$5.87B
-5.0%

Gross Margin (Latest Quarter)

Watts Water Technologies, Inc.WTS
48.8%
+1.5pp
SPX Technologies, Inc.SPXC
40.4%
-0.5pp
A. O. Smith CorporationAOS
38.7%
+1.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
DCI$10.69B28.025.6%22.3%
CNM$10.66B24.523.8%38.6%
SPXC$10.33B47.413.7%14.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.1%
Moderate Growth
4Q Net Income CAGR
6.4%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 29, 2026
|
EPS:$0.84
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 28, 2025|
    Revenue: $942.50M+4.4%
    |
    EPS: $0.94+13.3%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 24, 2025|
    Revenue: $1.01B-1.3%
    |
    EPS: $1.07+0.0%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 29, 2025|
    Revenue: $963.90M-1.5%
    |
    EPS: $0.95-5.0%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 11, 2025|
    Revenue: $3.82B-0.9%
    |
    EPS: $3.65-1.6%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 23, 2024|
    Revenue: $902.60M-3.7%
    |
    EPS: $0.83-7.8%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 24, 2024|
    Revenue: $1.02B+6.6%
    |
    EPS: $1.07+2.9%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 26, 2024|
    Revenue: $978.80M+1.3%
    |
    EPS: $1.00+19.0%
    Meet
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 13, 2024|
    Revenue: $3.85B+2.6%
    |
    EPS: $3.71+144.1%
    Beat