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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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