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Mar 31, 2021
A O Smith Q1 2021 Earnings Report
A. O. Smith reported first quarter results with record earnings per share and a 21 percent increase in sales.
Key Takeaways
A. O. Smith Corporation announced its first quarter 2021 results, featuring record earnings per share and a 21% increase in sales, driven by solid execution despite pandemic and weather-related challenges and rising material costs.
Total sales of $769.0 million, an increase of 21 percent compared with Q1 2020
Net earnings of $97.7 million, an increase of 89 percent compared with Q1 2020
Record Q1 EPS of $0.60, an increase of 88 percent compared with Q1 2020
Sales growth between 14 and 15 percent, upgraded from 10 percent growth announced in January 2021
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
A. O. Smith is upgrading its full-year 2021 earnings guidance by six percent from its previous guidance to a range between $2.55 and $2.65 per share.
Positive Outlook
- Solid demand for boiler products continued in April.
- Solid demand for water treatment products continued in April.
- Solid demand for China products continued in April.
Challenges Ahead
- Rapidly-rising material costs
- Continued need to expedite freight to overcome supplier shipping and production delays
- Continued headwinds in supply chain
- Continued headwinds in logistics
- Weather-related plant closures
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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