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Mar 31, 2020
A O Smith Q1 2020 Earnings Report
A. O. Smith reported a decline in earnings and sales due to the impact of COVID-19.
Key Takeaways
A. O. Smith reported first-quarter net earnings of $51.7 million, or $0.32 per share, on sales of $636.9 million. Sales decreased by approximately 15 percent compared to the same period in 2019, and earnings per share declined by approximately 40 percent.
First quarter net earnings were $51.7 million, or $0.32 per share.
First quarter sales were $636.9 million, down approximately 15 percent from 2019.
North America segment sales increased by approximately two percent.
Rest of World segment sales declined approximately 53 percent due to COVID-19 impact in China.
A O Smith
A O Smith
A O Smith Revenue by Segment
A O Smith Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comRest of World Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.com Forward Guidance
A. O. Smith suspended its 2020 full year outlook due to the uncertain business environment.
Positive Outlook
- The Company has taken a number of actions to increase and further fortify our liquidity.
- Combination of cash and liquidity.
- Replacement demand for our global premium products.
- High functioning employees passionate about providing our essential products and services to our customers.
- Strong long-standing channel partners and suppliers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income