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Mar 31, 2022
A O Smith Q1 2022 Earnings Report
Reported strong first quarter performance driven by sales increase.
Key Takeaways
A. O. Smith reported a strong first quarter with sales of $978 million, a 27% increase year-over-year, and net earnings of $119.8 million, a 23% increase year-over-year. EPS increased by 27% to $0.76.
Sales of $978 million, an increase of 27% due primarily to inflation-related pricing actions
Net earnings of $119.8 million, an increase of 23%
Earnings per share (“EPS”) of $0.76, an increase of 27%
Adjusted earnings of $122.0 million and adjusted EPS of $0.77
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company’s guidance excludes the potential impacts from future acquisitions and assumes the COVID-19 related shutdowns in China subside during the second quarter of 2022 and do not significantly impact our operations or our employees, customers or suppliers. The company expects sales to increase between 14% and 16% year-over-year. We anticipate the expected increase in sales to drive increased profitability and expect our full year 2022 EPS to be between $1.56 and $1.76 and adjusted EPS to be between $3.35 and $3.55.
Positive Outlook
- Expect to realize the full benefit of 2021 price increases
- Expect sales to increase between 14% and 16% year-over-year
- Anticipate the expected increase in sales to drive increased profitability
- Expect full year 2022 EPS to be between $1.56 and $1.76
- Expect adjusted EPS to be between $3.35 and $3.55
Challenges Ahead
- Continue to navigate the challenges of material cost increases
- Continue to navigate supply chain volatility
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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