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Sep 30, 2021
A O Smith Q3 2021 Earnings Report
A. O. Smith's Q3 2021 earnings were driven by strong sales growth and demand for its products.
Key Takeaways
A. O. Smith reported record third quarter sales of $914.6 million, a 20% increase year-over-year, driven by inflation-related pricing actions and strong worldwide demand. Net earnings increased by 25% to $131.6 million, with EPS rising by 26% to $0.82. The company is raising its full year 2021 outlook for both sales and EPS.
Record sales of $914.6 million, up 20% year-over-year.
Net earnings increased 25% to $131.6 million.
Earnings per share increased 26% to $0.82.
Company is raising full year 2021 outlook for both sales and EPS.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
A. O. Smith is raising its outlook for full year 2021 sales to increase between 20 and 21% year over year and expects EPS to be between $2.86 and $2.90.
Positive Outlook
- Strong sales growth
- Solid demand for products continuing through October
- Further inflation-related pricing actions effective in November
- Revised outlook for EPS to between $2.86 and $2.90
- Sales growth positively impacted by channel inventory changes
Challenges Ahead
- Component shortages
- Logistical bottlenecks
- Rapidly rising costs
- Higher employee incentives in China
- Brand-building-related advertising costs in China
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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