Edition:
India

A. O. Smith Corp (AOS.N)

AOS.N on New York Stock Exchange

59.89USD
1:18am IST
Change (% chg)

$0.42 (+0.71%)
Prev Close
$59.47
Open
$59.37
Day's High
$60.01
Day's Low
$58.87
Volume
317,015
Avg. Vol
327,042
52-wk High
$68.35
52-wk Low
$53.25

Latest Key Developments (Source: Significant Developments)

A. O. Smith Q1 Earnings Per Share $0.57
Wednesday, 25 Apr 2018 

April 25 (Reuters) - A. O. Smith Corp ::Q1 EARNINGS PER SHARE $0.57.Q1 SALES $788 MILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.55 TO $2.61.QUARTERLY ADJUSTED EARNINGS PER SHARE $0.60.EXPECTS SALES OF ABOUT $15 MILLION AND A SMALL LOSS DUE TO START-UP AND TRANSITION COSTS FROM NEW BUSINESS IN 2018.TRANSITION TO A. O. SMITH BRAND AT LOWE'S WILL TAKE PLACE BEGINNING IN AUGUST.SEES SALES GROWTH FOR 2018 BETWEEN 10 AND 10.75 PERCENT.  Full Article

A. O. Smith to become primary water treatment brand at Lowe's
Monday, 16 Apr 2018 

April 16 (Reuters) - A. O. Smith Corp::HAS BEEN SELECTED AS PRIMARY SUPPLIER OF RESIDENTIAL WATER TREATMENT PRODUCTS FOR ALL LOWE'S U.S. HOME IMPROVEMENT STORES.EXPECTS NEW BUSINESS' IMPACT TO EARNINGS PER SHARE WILL BE MINIMAL IN 2018, DUE TO START-UP COSTS.  Full Article

A. O. Smith reports Q3 earnings per share of $0.54
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - A. O. Smith Corp :A. O. Smith reports record third quarter net earnings on 10 percent increase in sales.Sees FY 2017 earnings per share $2.12 to $2.14.Q3 earnings per share $0.54.Q3 sales $749.9 million versus I/B/E/S view $740.9 million.Q3 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $2.11 -- Thomson Reuters I/B/E/S.A. O. Smith Corp - ‍project global sales will grow between 11 and 12 percent in 2017​.A. O. Smith Corp - projects global sales will grow between 11 percent and 12 percent this 2017 year ​.FY2017 revenue view $2.98 billion -- Thomson Reuters I/B/E/S.  Full Article

A. O. Smith buys water treatment co Aquasana for $87 mln
Monday, 8 Aug 2016 

A. O. Smith Corp : A. O. Smith acquires water treatment company Aquasana . Deal for $87 million . Aquasana 2016 sales expected to be about $44 million, including approximately 35 percent comprised of consumable water treatment filters . A. O. Smith believes Aquasana's organic revenue, including synergies, could reach $100 million in 2019 . Used available borrowing capacity on its $400 million revolving credit facility to fund debt-free acquisition . Now expects to repurchase approximately $135 million of its shares in 2016 . Professional fees related to acquisition of approximately $1 million . Purchase price represents a multiple of two times expected 2016 sales . Expects to achieve approximately $25 million to $30 million of annual revenue synergies over next two to three years driven from deal .Expects acquisition to be neutral to earnings per share in 2016, excluding one-time after-tax purchase accounting charges and professional fees related to acquisition.  Full Article

BRIEF-A. O. Smith Q1 Earnings Per Share $0.57

* EXPECTS SALES OF ABOUT $15 MILLION AND A SMALL LOSS DUE TO START-UP AND TRANSITION COSTS FROM NEW BUSINESS IN 2018