PR Newswire
Announces water goal; shares progress on greenhouse gas emissions reduction
MILWAUKEE, Nov. 7, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE: AOS) announced the release of its 2024 Sustainability Report, which documents the company's environmental, social and governance activities, progress and performance over the past two years. The report also announces the company's first public water goal — an annual water savings of 40 million gallons by 2030. This is the fourth sustainability report released by the company in the last six years.
MILWAUKEE, Nov. 1, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation (the "Company") (NYSE: AOS) today announced it has completed its acquisition of Pureit, a Unilever PLC business at a purchase price of approximately $120 million, subject to customary adjustments. Pureit offers a broad range of residential water purification solutions, primarily in India.
Third Quarter 2024 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted)
Sales of $903 million, a decrease of 4%, driven by lower sales in China and lower volumes of water heaters in North AmericaNet earnings of $120 million, a decrease of 11%Diluted earnings per share (EPS) of $0.82, a decrease of 9% Reaffirm revised 2024 EPS outlook of $3.70 to $3.856% increase to our dividend; we have increased our dividend for 32 consecutive yearsRecently announced Pureit acquisition on track to close by the end of 2024
Summary(Comparisons are year-over-year ("YoY"), unless otherwise noted)
Preliminary third quarter sales of $903 million, a decrease of 4%, due to lower sales in China and North America water heatingPreliminary third quarter earnings per share ("EPS") of $0.82, a decrease of 9%Preliminary cash provided by operations of $360 million and preliminary free cash flow of $283 million in the first nine months of 2024Lowered full year EPS guidance to be between $3.70 and $3.85 compared to prior guidance of $3.95 to $4.10
MILWAUKEE, Oct. 7, 2024 /PRNewswire/ -- On Monday, October 7, 2024, the board of directors of A. O. Smith Corporation (NYSE: AOS) approved a 6% increase in the company's quarterly cash dividend rate to $0.34 per share. The dividend increase affects the company's Common Stock and Class A Common Stock.
A. O. Smith announces quarterly dividend.
The dividend is payable on Friday, November 15 to shareholders of record October 31, 2024.
MILWAUKEE, Oct. 2, 2024 /PRNewswire/ -- A. O. Smith Corporation (NYSE: AOS) will release its third quarter 2024 financial results before the market opens on Tuesday, October 22, and has scheduled an investor conference call to follow at 10:00 a.m. (Eastern Time).
A. O. Smith announces third quarter conference call.
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 "Third Quarter Conference Call" link.
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 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE: AOS) today announced its second quarter 2024 results.
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 by the end of 2024 and does not expect the acquisition to have a material impact on earnings in the first year.
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.
A. O. Smith Announces Quarterly Dividend
The dividend is payable on Thursday, August 15 to shareholders of record Wednesday, July 31, 2024.
About A. O. SmithCelebrating its 150th year of business, A. O. Smith Corporation, headquartered in Milwaukee, Wis., is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. Listed on the New York Stock Exchange (NYSE: AOS), the Company is one of the world's leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment products. For more information, visit www.aosmith.com.
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 Quarter Conference Call" link.
Curt Selby Named Senior Vice President of Human Resources and Public Affairs
MILWAUKEE, May 9, 2024 /PRNewswire/ -- A. O. Smith Corporation (NYSE: AOS), a leader in water heating and water treatment, announced today that Mark Petrarca, senior vice president of human resources and public affairs will retire effective Aug. 1. Curt Selby, who previously worked for A. O. Smith's Electrical Products Company, has been named Petrarca's successor.
First Quarter 2024 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted)
Sales of $979 million, an increase of 1%Earnings per share (EPS) of $1.00, a YoY increase of 19% and an increase of 6% compared to prior year adjusted EPSStrong operating cash flow of $107 million and free cash flow of $85 millionReaffirm 2024 Outlook:Sales outlook of an increase of 3% to 5%EPS guidance with a range of between $3.90 and $4.15MILWAUKEE, April 25, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE: AOS) today announced its first quarter 2024 results.
MILWAUKEE, April 9, 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.
A. O. Smith Declares Quarterly Dividend
The dividend is payable on Wednesday, May 15 to shareholders of record Tuesday, April 30, 2024.
About A. O. SmithCelebrating its 150th year of business, A. O. Smith Corporation, headquartered in Milwaukee, Wis., is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. Listed on the New York Stock Exchange (NYSE: AOS), the Company is one of the world's leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment products. For more information, visit www.aosmith.com.
MILWAUKEE, April 3, 2024 /PRNewswire/ -- A. O. Smith Corporation (NYSE: AOS) will release its first quarter 2024 financial results before the market opens on Thursday, April 25, and has scheduled an investor conference call to follow at 10:00 a.m. (Eastern Time).
A. O. Smith to Hold First Quarter Conference Call
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 "First Quarter Conference Call" link.
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