A. O. Smith posts record Q2 sales of $1.0 billion; EPS up 2% to $1.06
A. O. Smith reported second-quarter 2024 net sales of $1,024.3 million, up 7% from a year earlier, and diluted EPS of $1.06, up 2%. The company reaffirmed its 2024 sales growth outlook of 3% to 5% and narrowed its full-year EPS guidance to $3.95 to $4.10, while North America segment margin fell to 25.1% from 27.6%.
Key points
- Q2 2024 net sales were $1,024.3 million, up 7% from $960.8 million, driven by higher water heater volumes
- Diluted EPS was $1.06 versus $1.04 a year earlier; net earnings were $156.2 million, down 1%
- 2024 EPS guidance narrowed to $3.95 to $4.10; sales outlook of 3% to 5% growth reaffirmed
- Pureit acquisition from Unilever for $120 million is expected to close by the end of 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.