A. O. Smith Corporation (AOS)
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Several significant dividend raises were announced in October, including Visa and A. O. Smith. Bringing projected income for 2021 up to $13,655.
A.O. Smith Corporation (AOS) CEO Kevin Wheeler on Q3 2021 Results - Earnings Call Transcript
A O Smith Corp (NYSE: AOS) reported third-quarter net sales growth of 20% year-over-year to $914.6 million, beating the consensus of $852.25 million. North America segment sales rose 21% to $658.2 million, driven by price increases, mainly on water heaters, along with higher volumes of water heaters, boilers, and water treatment products.
A. O. Smith's (AOS) third-quarter 2021 revenues increase 20.3% year over year on account of impressive performance across its segments.
The water heater maker reported earnings, and investors were clearly impressed. Here's a quick look at why.
A.O. Smith (AOS) delivered earnings and revenue surprises of 22.39% and 9.09%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
MILWAUKEE, Oct. 28, 2021 /PRNewswire/ -- Third Quarter 2021 Highlights (Comparisons are year-over-year, unless otherwise noted) Record sales of $914.6 million, an increase of 20% driven by inflation-related pricing actions and strong worldwide demand Net earnings of $131.6 million, an increase of 25% fueled by the benefit of pricing actions and higher volumes and despite higher material and logistics costs Earnings per share ("EPS") of $0.82, an increase of 26% amid resilient sales and a $0.03 per share favorable tax impact Nine-month free cash flow1 of $331.5 million, an increase of 13% driven by strong earnings Raising full year 2021 outlook for both sales and EPS 1Reconciliation of operating cash flow to free cash flow is provided in the attached financial tables Product demand is strong across all geographies resulting in record third quarter sales. Global water technology company A.
A. O. Smith's (AOS) Q3 earnings are likely to have gained from a strong demand environment for its products. However, supply chain issues and raw material inflation might have weighed on the company.
A.O. Smith (AOS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.