A O Smith Q2 2021 Earnings Report
Key Takeaways
A. O. Smith Corporation reported record second quarter earnings per share on a 30 percent increase in sales compared with the second quarter of 2020. Total sales were $859.8 million and net earnings were $118.2 million, an increase of 74 percent compared to Q2 2020.
Total sales of $859.8 million, an increase of 30 percent compared with Q2 2020
Net earnings of $118.2 million, an increase of 74 percent compared with Q2 2020
Record second quarter EPS of $0.73, an increase of 74 percent compared with Q2 2020
Sales growth between 17 and 18 percent, upgraded from midpoint of 14.5 percent announced in April
A O Smith
A O Smith
A O Smith Revenue by Segment
Forward Guidance
The company is upgrading its full-year 2021 earnings guidance to a range of between $2.70 and $2.76 per share, an increase of five percent from previous guidance.
Challenges Ahead
- Supply chain constraints and component shortages continue
- Expect to see these headwinds throughout the remainder of the year
Revenue & Expenses
Visualization of income flow from segment revenue to net income