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Jun 30, 2024
A O Smith Q2 2024 Earnings Report
A. O. Smith reported record sales driven by higher water heater volumes and reaffirmed its 2024 sales outlook.
Key Takeaways
A. O. Smith reported record sales of $1 billion, a 7% increase YoY, driven by higher water heater volumes. Diluted earnings per share (EPS) were $1.06, a 2% YoY increase. The company reaffirmed its 2024 sales outlook of an increase of 3% to 5% and narrowed EPS guidance to a range of between $3.95 and $4.10.
Record sales of $1 billion, an increase of 7%, driven by higher water heater volumes.
Diluted earnings per share (EPS) of $1.06, a YoY increase of 2% and an increase of 5% compared to prior year adjusted EPS.
Reaffirm 2024 sales outlook of an increase of 3% to 5%.
Narrow EPS guidance to a range of between $3.95 and $4.10.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
A. O. Smith reaffirmed its 2024 sales projection of an increase between 3% and 5% year-over-year and narrowed its full-year EPS guidance of a range of between $3.95 and $4.10.
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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