Live News • May 05
A. O. Smith Expands With Leonard Valve Acquisition as Sales Dip and Outlook Is Trimmed A. O. Smith completed its US$470m acquisition of Leonard Valve Company and arranged unsecured term loan financing to fund the deal.
Q1 2026 sales declined 2% to about US$946m, with earnings per share down 11% to US$0.85 and full-year adjusted EPS guidance cut to a range of US$3.70 to US$4.00.
Management plans a US$20m Q2 restructuring charge for the North America water treatment business and is conducting a strategic review of China operations, while maintaining dividends and targeting US$200m of share repurchases in 2026.
For you as an investor, the story right now is a mix of portfolio expansion and operating pressure. The Leonard Valve acquisition pushes A. O. Smith further into broader water management, tied to regulatory-driven product upgrade cycles such as the Department of Energy’s 2026 commercial condensing mandate and residential heat pump requirements. At the same time, the latest quarter shows softer demand in China, production disruptions, and lower residential water heater volumes in North America weighing on revenue and EPS.
Management is responding with pricing actions of 4% to 7% in North America, a planned restructuring of the North America water treatment business aimed at margin improvement from 2027, and a review of its China footprint. Despite the reduced 2026 EPS outlook and near-term transaction and restructuring costs, the company is still deploying capital to dividends and buybacks. Leonard Valve’s performance in 2026 may be useful to watch as an indicator of how well the acquisition integrates into the broader water platform. Price Target Changed • May 04
Price target decreased by 7.9% to US$72.10 Down from US$78.30, the current price target is an average from 10 analysts. New target price is 19% above last closing price of US$60.35. Stock is down 12% over the past year. The company is forecast to post earnings per share of US$3.72 for next year compared to US$3.87 last year. Announcement • May 03
A. O. Smith Corporation Revises Earnings Guidance for the Full Year 2026 A. O. Smith Corporation revised earnings guidance for the full year 2026. For the year, the company expected Diluted earnings per share to be between $3.60 and $3.90. Net sales expected to be between $3,900 million to $4,000 million. Sales growth outlook to a range of 2% to 4%, lowering the high end compared to the previous range of 2% to 5%. The revised full year 2026 guidance is primarily due to continued challenging conditions in China. Reported Earnings • May 01
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: US$0.85 (down from US$0.95 in 1Q 2025). Revenue: US$945.6m (down 1.9% from 1Q 2025). Net income: US$118.0m (down 14% from 1Q 2025). Profit margin: 13% (down from 14% in 1Q 2025). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Building industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 16
Fourth quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 14
A. O. Smith Corporation Declares A Regular Quarterly Cash Dividend on the Company's Common Stock and Class A Common Stock, Payable on May 15 , 2026 Directors of A. O. Smith Corporation declared a regular quarterly cash dividend of $0.36 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on May 15, 2026 to shareholders of record April 30, 2026. Announcement • Apr 02
A. O. Smith Corporation to Report Q1, 2026 Results on Apr 30, 2026 A. O. Smith Corporation announced that they will report Q1, 2026 results Pre-Market on Apr 30, 2026 Buy Or Sell Opportunity • Mar 09
Now 20% undervalued Over the last 90 days, the stock has risen 6.1% to US$70.46. The fair value is estimated to be US$88.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 4.3% per annum over the same time period. Announcement • Mar 05
A. O. Smith Corporation, Annual General Meeting, Apr 13, 2026 A. O. Smith Corporation, Annual General Meeting, Apr 13, 2026. Location: ritz-carlton, charlotte, 201 east trade street, charlotte, north carolina., United States Recent Insider Transactions Derivative • Feb 18
Executive Chairman of the Board exercised options and sold US$1.4m worth of stock On the 13th of February, Kevin Wheeler exercised options to acquire 17k shares at no cost and sold these for an average price of US$79.88 per share. This trade did not impact their existing holding. Since September 2025, Kevin's direct individual holding has increased from 100.65k shares to 128.35k. Company insiders have collectively sold US$4.8m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jan 30
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$3.85 (up from US$3.66 in FY 2024). Revenue: US$3.83b (flat on FY 2024). Net income: US$546.2m (up 2.4% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Building industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
A. O. Smith Corporation Provides Earnings Guidance for the Year 2026 A. O. Smith Corporation provided earnings guidance for the year 2026. For the year, company expected Net sales to be in range of $3,900 million to $4,020 million and diluted earnings per share to be in range of $3.85 to $4.15. Declared Dividend • Jan 19
Third quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 30th January 2026 Payment date: 17th February 2026 Dividend yield will be 1.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 16
A. O. Smith Corporation Announces Quarterly Dividend, Payable on February 17, 2026 A. O. Smith Corporation declared a regular quarterly cash dividend of $0.36 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on February 17 to shareholders of record January 30, 2026. Buy Or Sell Opportunity • Jan 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to US$67.12. The fair value is estimated to be US$85.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Announcement • Nov 12
A. O. Smith Corporation (NYSE:AOS) entered into a definitive agreement to acquire Leonard Valve Company, LLC for $470 million. A. O. Smith Corporation (NYSE:AOS) entered into a definitive agreement to acquire Leonard Valve Company, LLC for $470 million on November 12, 2025. The purchase price is subject to customary adjustments. The all-cash transaction is valued at approximately $412 million after adjusting for estimated tax benefits and is expected to be funded through a combination of cash on hand and committed debt financing. A. O. Smith expects the transaction to be accretive to A. O. Smith's earnings per share in 2026.
The transaction is expected to close in the first quarter of 2026 and is subject to the satisfaction of customary closing conditions and receipt of regulatory approvals.
BofA Securities, Inc. acted as financial advisor and Foley & Lardner LLP acted as legal advisor for A. O. Smith Corporation. Reported Earnings • Oct 29
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$0.94 (up from US$0.82 in 3Q 2024). Revenue: US$942.5m (up 4.4% from 3Q 2024). Net income: US$132.0m (up 9.9% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in the US. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
A. O. Smith Corporation Updates Earnings Guidance for the Year 2025 A. O. Smith Corporation Updated earnings guidance for the year 2025. For the year, company expected Net sales to be in range of $3,800 million to $3,850 million and diluted earnings per share to be in range of $3.70 to $3.85. Declared Dividend • Oct 16
Second quarter dividend increased to US$0.36 Dividend of US$0.36 is 5.9% higher than last year. Ex-date: 31st October 2025 Payment date: 17th November 2025 Dividend yield will be 2.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 14
A. O. Smith Corporation Increases Quarterly Cash Dividend, Payable on November 17, 2025 On October 13, 2025, the board of directors of A. O. Smith Corporation approved a 6% increase in the company's quarterly cash dividend rate to $0.36 per share. The dividend increase affects the company's Common Stock and Class A Common Stock. The dividend is payable on November 17 to shareholders of record October 31, 2025. Buy Or Sell Opportunity • Oct 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.9% to US$67.75. The fair value is estimated to be US$84.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 6.2% per annum over the same time period. Announcement • Oct 03
A. O. Smith Corporation Announces Executive Changes A. O. Smith Corporation has hired Chris Howe as the company's new senior vice president and chief digital information officer (CDIO) to replace Melissa Scheppele, chief information officer (CIO). Howe was most recently the chief executive officer and co-founder of Rise and Shift, a boutique cloud transformation and Generative AI consulting firm. Prior to starting Rise and Shift, he worked at 3M in multiple leadership roles. This role will encompass all traditional CIO responsibilities while emphasizing the development of new digital strategies to support the business. As CDIO, Howe will lead organization-wide digital transformation initiatives, drive digital innovation and emerging technology adoption, and implement advanced data analytics and AI capabilities, while fostering digital culture and organizational change. Since starting Rise and Shift in 2023, Howe and his team have been at the forefront of Generative AI solutions, commercializing a new widget-based, GenAI platform to reduce compliance burden and time-to-market in regulated industries and partnering with clients to deliver Agentic AI transformation solutions. Through strong collaboration with Amazon Web Services and global technology partners, Howe and team have delivered on numerous cloud transformation initiatives with targeted clients across the globe, including a cloud-native digital manufacturing solution for a global food company. Before that, he worked at 3M for 25 years, most recently as senior vice president of business transformation, vice president of global IT applications and director of global supply chain IT applications. Howe is a veteran of the United States Marine Corps, serving in Operations Desert Shield and Desert Storm, as well as Operation "Sea Angel," bringing critical humanitarian aid to Bangladesh following a devastating cyclone that struck the southeastern coast of the country. Announcement • Oct 02
A. O. Smith Corporation to Report Q3, 2025 Results on Oct 28, 2025 A. O. Smith Corporation announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 28, 2025 Announcement • Aug 29
A. O. Smith Corporation Appoints Paul Jones as Senior Vice President, General Counsel and Chief Compliance Officer, Effective October 1, 2025 A. O. Smith Corporation announced the appointment of Paul Jones to the role of senior vice president, general counsel and chief compliance officer, effective October 1, 2025. Jim Stern, A. O. Smith's executive vice president, general counsel and secretary, will transition to executive vice president corporate development, strategy and secretary. Jones and Stern will both report to CEO Steve Shafer. Jones will oversee the company's legal, compliance and intellectual property activities globally. He moves to this role after joining A. O. Smith in 2023 as vice president of corporate development and strategy. Stern will focus on corporate development and strategy, while also maintaining responsibility for government, industry and regulatory affairs. He will also continue his role as secretary for a period of time to ensure a smooth transition of this responsibility. Stern and Jones were both partners at Foley & Lardner in Milwaukee earlier in their careers. After leaving the firm, Jones went on to lead the legal teams at Regal-Beloit Corp., Harley-Davidson Inc., and Marquette University before joining A. O. Smith. Stern has been general counsel at A. O. Smith since joining in 2007. Recent Insider Transactions • Aug 08
Executive VP recently sold US$1.2m worth of stock On the 7th of August, James Stern sold around 17k shares on-market at roughly US$71.24 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months. Reported Earnings • Jul 25
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$1.07. Revenue: US$1.01b (down 1.3% from 2Q 2024). Net income: US$152.2m (down 2.6% from 2Q 2024). Profit margin: 15% (in line with 2Q 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Building industry in the US. Upcoming Dividend • Jul 24
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 31 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (1.1%). Announcement • Jul 24
A. O. Smith Corporation Raises Earnings Guidance for the Year 2025 A. O. Smith Corporation raised earnings guidance for the year 2025. For the year, company expected Net sales to be in range of $3,850 to $3,930 and diluted earnings per share to be in range of $3.70 to $3.90 . Declared Dividend • Jul 10
First quarter dividend of US$0.34 announced Shareholders will receive a dividend of US$0.34. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 08
A. O. Smith Reports Quarterly Dividend, Payable on August 15, 2025 Directors of A. O. Smith Corporation declared a regular quarterly cash dividend of $0.34 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on August 15 to shareholders of record July 31, 2025. Reported Earnings • Apr 29
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.95 (down from US$1.00 in 1Q 2024). Revenue: US$963.9m (down 1.5% from 1Q 2024). Net income: US$136.6m (down 7.5% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
A. O. Smith Corporation Provides Earnings Guidance for the Year 2025 A. O. Smith Corporation provided earnings guidance for the year 2025. For the year, company expected Net sales to be in range of $3,800 to $3,900 and diluted earnings per share to be in range of $3.60 to $3.90 . Upcoming Dividend • Apr 24
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (5.0%). Higher than average of industry peers (1.4%). Declared Dividend • Apr 10
Fourth quarter dividend of US$0.34 announced Shareholders will receive a dividend of US$0.34. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 08
A. O. Smith Corporation Declares Quarterly Cash Dividend, Payable on May 15, 2025 The Directors of A. O. Smith Corporation, on April 7, 2025 declared a regular quarterly cash dividend of $0.34 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on Thursday, May 15 to shareholders of record Wednesday, April 30, 2025. Announcement • Apr 02
A. O. Smith Corporation to Report Q1, 2025 Results on Apr 29, 2025 A. O. Smith Corporation announced that they will report Q1, 2025 results Pre-Market on Apr 29, 2025 Buy Or Sell Opportunity • Mar 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.9% to US$67.11. The fair value is estimated to be US$85.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Announcement • Feb 28
A. O. Smith Corporation, Annual General Meeting, Apr 08, 2025 A. O. Smith Corporation, Annual General Meeting, Apr 08, 2025. Location: national association of manufacturers, 733 10th street nw, suite 700, washington, d.c, United States Recent Insider Transactions Derivative • Feb 12
Chairman & CEO exercised options and sold US$634k worth of stock On the 7th of February, Kevin Wheeler exercised options to acquire 10k shares at no cost and sold these for an average price of US$65.65 per share. This trade did not impact their existing holding. For the year to December 2018, Kevin's total compensation was 12% salary and 88% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Kevin has owned 89.87k shares directly. Company insiders have collectively sold US$9.3m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Feb 02
Price target decreased by 7.1% to US$75.24 Down from US$80.99, the current price target is an average from 12 analysts. New target price is 12% above last closing price of US$67.30. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$3.77 for next year compared to US$3.63 last year. Reported Earnings • Jan 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: US$3.63 (down from US$3.71 in FY 2023). Revenue: US$3.82b (flat on FY 2023). Net income: US$533.6m (down 4.1% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jan 30
A. O. Smith Corporation Provides Earnings Guidance for the Year 2025 A. O. Smith Corporation provided earnings guidance for the year 2025. For the year, the company expects net sales to be $3,800 million to $3,900 million. Diluted earnings per share (GAAP) to be $3.60 to $3.90. Declared Dividend • Jan 20
Third quarter dividend of US$0.34 announced Shareholders will receive a dividend of US$0.34. Ex-date: 31st January 2025 Payment date: 18th February 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 17
A. O. Smith Corporation Declares Quarterly Cash Dividend, Payable on February 18, 2025 The Directors of A. O. Smith Corporation declared a regular quarterly cash dividend of $0.34 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on February 18, 2025 to shareholders of record January 31, 2025. Announcement • Jan 03
A. O. Smith Corporation to Report Q4, 2024 Results on Jan 30, 2025 A. O. Smith Corporation announced that they will report Q4, 2024 results Pre-Market on Jan 30, 2025 Upcoming Dividend • Oct 24
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 31 October 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (1.0%). Reported Earnings • Oct 22
Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint Third quarter 2024 results: EPS: US$0.82 (down from US$0.90 in 3Q 2023). Revenue: US$902.6m (down 3.7% from 3Q 2023). Net income: US$120.1m (down 11% from 3Q 2023). Profit margin: 13% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Building industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Buy Or Sell Opportunity • Oct 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to US$78.75. The fair value is estimated to be US$99.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.8%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 4.6% per annum over the same time period. Announcement • Oct 11
A. O. Smith Corporation Revises Earnings Guidance for the Full Year 2024 A. O. Smith Corporation revised earnings guidance for the full year 2024. For the year, the company expected EPS to be between $3.70 and $3.85 compared to prior guidance of $3.95 to $4.10. Net sales expected to be between $3,800 million to $3,900 million. Declared Dividend • Oct 10
Second quarter dividend increased to US$0.34 Dividend of US$0.34 is 6.3% higher than last year. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 1.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 08
A. O. Smith Corporation Increases Quarterly Cash Dividend, Payable on November 15, 2024 On October 7, 2024, the board of directors of A. O. Smith Corporation 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. The dividend is payable on November 15 to shareholders of record October 31, 2024. Announcement • Oct 02
A. O. Smith Corporation to Report Q3, 2024 Results on Oct 22, 2024 A. O. Smith Corporation announced that they will report Q3, 2024 results Pre-Market on Oct 22, 2024 Buy Or Sell Opportunity • Sep 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to US$82.89. The fair value is estimated to be US$105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.8%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Recent Insider Transactions Derivative • Aug 09
Senior VP of Global Operations exercised options and sold US$661k worth of stock On the 7th of August, Samuel Carver exercised 15k options at a strike price of around US$30.77 and sold these shares for an average price of US$75.70 per share. This trade did not impact their existing holding. Since March 2024, Samuel has owned 2.40k shares directly. Company insiders have collectively sold US$15m more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Aug 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.1% to US$82.54. The fair value is estimated to be US$105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.8%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period. 
