Recent Updates — AOS
A.O. Smith reported third-quarter net earnings of $126 million, or diluted EPS of $0.93, on sales of $941 million. The company also announced definitive agreements to sell an 81% interest in its China business to CPE for a total value exceeding $500 million, including the net present value of long-term brand licensing royalties. A.O. Smith will retain a 19% stake and expects the transaction to close in the first half of 2027. Consequently, full-year 2026 guidance excludes China operations, projecting adjusted EPS between $3.42 and $3.52. The global water technology manufacturer produces residential and commercial water heating equipment, boilers, and water treatment products.
Alternative asset manager CPE has entered into definitive agreements to acquire an 81% interest in A. O. Smith’s China business, with the company retaining a 19% stake and entering a long-term brand licensing agreement. The transaction values the divested unit at approximately $400 million on a cash-free, debt-free basis, while the total value including net present value of future royalty streams is expected to exceed $500 million. A. O. Smith will repatriate roughly $80 million in cash and intends to prioritize share repurchases with the proceeds. The deal closes in the first half of 2027 subject to regulatory approvals. A. O. Smith Corporation manufactures residential and commercial water heating equipment, boilers, and water treatment products.
A. O. Smith Corporation reported second-quarter 2026 results with net sales of $1 billion and diluted EPS of $0.91, down from $1.07 a year ago. North America segment sales rose 5% to $820.5 million, driven by boiler growth and the Leonard Valve acquisition, while Rest of World sales fell 19% due to weakness in China. The company updated its full-year guidance, narrowing diluted EPS expectations to $3.60–$3.75 and adjusted EPS to $3.70–$3.85. Additionally, A.O. Smith increased its 2026 share repurchase target by 50% to $300 million. The company operates in the global water technology industry, manufacturing residential and commercial water heating equipment, boilers, and water treatment products.
A. O. Smith Corporation announced that Executive Chairman Kevin J. Wheeler will retire from his role as Executive Chairman effective July 1, 2026, while remaining on the Board of Directors. Stephen M. Shafer, the current President and CEO, will assume the role of Chairman of the Company on that date. A. O. Smith Corporation is a manufacturer of water heating and water treatment solutions.
A. O. Smith Corporation has appointed Carrie Anderson as its new Executive Vice President and Chief Financial Officer, effective July 1, 2026, succeeding retiring CFO Charles T. Lauber. As part of her appointment, Anderson will receive a $1.5 million restricted stock unit award that vests over a three-year period. This leadership transition brings an experienced executive with a background in global industrial and technology sectors to oversee the company's financial strategy and operations.
A. O. Smith Corporation announced its financial results for the quarter ended March 31, 2026. This filing notifies investors that the company's quarterly performance data has been released, providing the necessary updates to evaluate the firm's current financial health and operational trajectory.