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A. O. Smith Corporation (AOS)
NYSE:AOS
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.9Last Year’s EPS
$0.97Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: -12.18%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong performance in North America boiler and water treatment sales, alongside a consistent dividend increase. However, significant challenges were noted in China and North America water heater sales, with reduced guidance and lower free cash flow, indicating a mixed outlook.Company Guidance
During the A. O. Smith Q3 2024 earnings call, the company provided guidance for the remainder of the year, reaffirming their recently revised 2024 EPS outlook to a range of $3.70 to $3.85 per share. The guidance assumes flat material costs compared to 2023 and a stable supply chain environment. Capital expenditures are projected between $105 million and $115 million, with operating cash flow expected at $525 million and free cash flow at approximately $415 million, reflecting a reduction due to lower earnings outlook, increased inventories, and reduced customer deposits in China. Corporate expenses are estimated at $70 million, with an effective tax rate of 24% and plans to repurchase around $300 million in company shares, resulting in 147 million outstanding diluted shares by year-end. Segment margin expectations include a 24.5% margin for the North America segment and 8% for the Rest of the World third-party segment, with sales for the year expected to remain flat compared to 2023.Dividend Increase
A. O. Smith increased its dividend by 6% in October, marking the 32nd consecutive year of dividend growth.
North America Boiler Sales Growth
North America boiler sales grew by 15% in the third quarter compared to last year, driven by the performance of commercial condensing boilers.
North America Water Treatment Sales Increase
North America water treatment sales increased by 16% year-over-year due to acquisition-related dealer sales and organic growth.
India Sales Performance
Sales in India increased by 12% in local currency, supported by the positive reception of new products in the market.
Pureit Acquisition
The acquisition of Pureit from Unilever for $120 million is on track to close by the end of 2024, aiming to enhance A. O. Smith's water treatment portfolio in South Asia.
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AOS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AOS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $78.25 | $77.86 | -0.50% |
| Jul 23, 2024 | $88.08 | $79.81 | -9.39% |
| Apr 25, 2024 | $85.95 | $81.82 | -4.81% |
| Jan 30, 2024 | $80.35 | $78.76 | -1.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does A. O. Smith Corporation (AOS) report earnings?
A. O. Smith Corporation (AOS) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is A. O. Smith Corporation (AOS) earnings time?
A. O. Smith Corporation (AOS) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AOS EPS forecast?
AOS EPS forecast for the fiscal quarter 2024 (Q4) is $0.9.
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