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Jun 30, 2021
A O Smith Q2 2021 Earnings Report
Reported record second quarter sales and earnings and raised outlook.
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
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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