earnings
confidence high
sentiment positive
materiality 0.85
A. O. Smith Q2 sales $859.8M (+30%), EPS $0.73 (+74%), raises FY2021 guidance
SMITH A O CORP
2021-Q2 EPS reported
$1.33
revenue$1,628,800,000
- Record Q2: sales $859.8M (+30%), net earnings $118.2M (+74%), EPS $0.73 (+74%).
- North America sales $603.6M (+26%), margin 23.5% vs 21.9%; Rest of World $263.2M (+39%), China up 26% local currency.
- Raises FY2021 guidance: sales growth 17-18% (prev 14.5%), EPS $2.70-$2.76 (prev midpoint $2.60).
- Cash from ops H1 $196M; repurchased 2.98M shares for $198.1M; remaining authorization ~5.6M shares.