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Dec 31, 2021
A O Smith Q4 2021 Earnings Report
A. O. Smith reported an increase in sales and earnings due to strong demand and pricing actions.
Key Takeaways
A. O. Smith reported record 2021 earnings per share of $3.02, a 42% increase over 2020. Q4 sales increased by 19% year-over-year to $995.5 million, and net earnings increased by 16% to $139.6 million.
Record sales of $3.5 billion driven by inflation-related pricing and strong demand.
Net earnings increased by 41% to $487.1 million.
Earnings per share increased by 42% to $3.02.
The company expects sales to increase between 16% and 18% year-over-year in 2022.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
A. O. Smith projects sales to increase between 16% and 18% year-over-year. Full year 2022 EPS is expected to be between $1.56 and $1.76, and adjusted EPS to be between $3.35 and $3.55.
Positive Outlook
- Expected benefit of 2021 price increases.
- Expected initial stabilization of steel prices.
- Strong balance sheet.
- Focus on organic growth.
- Focus on acquisitions.
Challenges Ahead
- Challenges of the current surge of the COVID-19 Omicron variant.
- Potential impacts of COVID-19 on production.
- Potential impacts of COVID-19 on suppliers.
- Potential impacts of COVID-19 on customers.
- Unpredictable macro environment
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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