Every material Form 8-K A. O. Smith filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
A. O. Smith reported third-quarter 2024 net sales of $902.6 million, down 4% from a year earlier, and diluted EPS of $0.82, down 9%. The company reaffirmed its revised 2024 EPS outlook of $3.70 to $3.85, after lowering its sales outlook to approximately flat versus 2023 on October 11, citing weak China demand and softer North America water heater volumes.
Q3 net sales were $902.6 million versus $937.5 million a year earlier; China third-party sales fell 17% in local currency.
Diluted EPS was $0.82 versus $0.90, and net earnings were $120 million, down 11%.
2024 EPS outlook reaffirmed at $3.70 to $3.85; sales outlook lowered to approximately flat versus 2023.
Pureit acquisition from Unilever for $120 million is on track to close by the end of 2024; dividend raised 6%.
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.
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.
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%.
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
A. O. Smith said Senior Vice President - Human Resources and Public Affairs Mark Petrarca will retire effective August 1, 2024, after 25 years with the company. The filing does not name a successor or describe the reasons for the retirement.
Mark Petrarca, SVP Human Resources and Public Affairs, retires effective August 1, 2024
Petrarca has 25 years of service with the company
Announced May 9, 2024; the filing names no successor
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every A. O. Smith filing is on SEC EDGAR ↗. 8-K briefs of other companies →