AOS Stock - A. O. Smith Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.82B | $3.85B | $3.75B | $3.54B | $2.90B |
| Gross Profit | $1.46B | $1.48B | $1.33B | $1.31B | $1.11B |
| Gross Margin | 38.1% | 38.5% | 35.4% | 37.0% | 38.3% |
| Operating Income | $716.80M | $757.40M | $658.70M | $609.50M | $446.20M |
| Net Income | $533.60M | $556.60M | $235.70M | $487.10M | $344.90M |
| Net Margin | 14.0% | 14.4% | 6.3% | 13.8% | 11.9% |
| EPS | $3.65 | $3.71 | $1.52 | $3.05 | $2.14 |
A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides food and beverage filtration products; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and heat pumps, electric wall-hung, gas tankless, combi-boiler, heat pump and solar water heaters. The company offers its products primarily under the A. O. Smith, State, Lochinvar, and water softener brands. It distributes its products through independent wholesale plumbing distributors, as well as through retail channels consisting of hardware and home center chains, and manufacturer representative firms; and offers Aquasana branded products directly to consumers through e-commerce, as well as other online retailers. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| June 24th 2025 | JP Morgan | Initiation | Neutral | $70 |
| January 14th 2025 | Oppenheimer | Upgrade | Outperform | $88 |
| October 23rd 2024 | DA Davidson | Downgrade | Neutral | $80 |
| October 23rd 2024 | UBS | Upgrade | Neutral | $80← $75 |
| July 24th 2024 | Stifel | Upgrade | Buy | $98← $97 |
| August 7th 2023 | Seaport Research Partners | Initiation | Neutral | - |
| January 17th 2023 | Loop Capital | Downgrade | Hold | $65← $67 |
| January 10th 2023 | UBS | Downgrade | Sell | $58← $65 |
| July 14th 2022 | Robert W. Baird | Downgrade | Neutral | $60 |
| July 6th 2022 | Longbow | Upgrade | Buy | $71 |
Earnings History & Surprises
AOSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Jan 29, 2026 | $0.84 | — | — | — |
Q4 2025 | Oct 28, 2025 | $0.89 | $0.94 | +5.6% | ✓ BEAT |
Q3 2025 | Jul 24, 2025 | $0.97 | $1.07 | +10.3% | ✓ BEAT |
Q2 2025 | Apr 29, 2025 | $0.91 | $0.95 | +4.3% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $0.90 | $0.85 | -5.6% | ✗ MISS |
Q4 2024 | Oct 22, 2024 | $0.83 | $0.82 | -1.2% | ✗ MISS |
Q3 2024 | Jul 23, 2024 | $1.06 | $1.06 | 0.0% | = MET |
Q2 2024 | Apr 25, 2024 | $0.98 | $1.00 | +2.0% | ✓ BEAT |
Q1 2024 | Jan 30, 2024 | $0.96 | $0.97 | +1.0% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $0.80 | $0.90 | +12.5% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.91 | $1.01 | +11.0% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $0.78 | $0.94 | +20.5% | ✓ BEAT |
Q1 2023 | Jan 31, 2023 | $0.79 | $0.86 | +8.9% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $0.69 | $0.69 | 0.0% | = MET |
Q3 2022 | Jul 28, 2022 | $0.81 | $0.82 | +1.2% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.75 | $0.77 | +2.7% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $0.77 | $0.87 | +13.0% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $0.68 | $0.79 | +16.2% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $0.65 | $0.73 | +12.3% | ✓ BEAT |
Q2 2021 | Apr 29, 2021 | $0.57 | $0.60 | +5.3% | ✓ BEAT |
Latest News
DA Davidson Maintains Neutral on A.O. Smith, Maintains $75 Price Target
➖ NeutralA. O. Smith To Acquire Leonard Valve Company For $470M; Expects Transaction To Be Accretive To EPS Growth In 2026
📈 PositiveCitigroup Maintains Neutral on A.O. Smith, Lowers Price Target to $72
➖ NeutralStifel Maintains Buy on A.O. Smith, Lowers Price Target to $80
➖ NeutralA.O. Smith Narrows FY2025 Adj EPS Guidance from $3.70-$3.90 to $3.70-$3.85 vs $3.84 Est; Lowers FY2025 Sales Guidance from $3.850B-$3.930B to $3.800B-$3.850B vs $3.886B Est
📉 NegativeA.O. Smith Narrows FY2025 GAAP EPS Guidance from $3.70-$3.90 to $3.70-$3.85 vs $3.82 Est
➖ NeutralA.O. Smith Q3 EPS $0.94 Beats $0.90 Estimate, Sales $942.500M Miss $946.545M Estimate
📈 PositiveFrequently Asked Questions about AOS
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