A. O. Smith cuts 2024 EPS outlook to $3.70-$3.85 after preliminary Q3 sales fall 4%
A. O. Smith reported preliminary third-quarter 2024 sales of $903 million, down 4% from a year earlier, and diluted EPS of $0.82, down 9%. The company lowered its full-year 2024 EPS guidance to $3.70-$3.85 from $3.95-$4.10, citing weaker demand in China and North America water heaters, which matters to shareholders because it reduces expected profit for the year.
Key points
- Preliminary Q3 2024 net sales were $902.6 million versus $937.5 million in Q3 2023, a 4% decline.
- Preliminary Q3 2024 diluted EPS was $0.82 versus $0.90 a year earlier, a 9% decline.
- Full-year 2024 EPS guidance was lowered to $3.70-$3.85 from $3.95-$4.10; sales guidance is now approximately flat year over year.
- Final third-quarter results are scheduled for release on Oct. 22, 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 October 11, 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.