earnings
confidence high
sentiment positive
materiality 0.85
A. O. Smith reports record Q3 sales of $914.6M; raises FY 2021 EPS guidance to $2.86-$2.90
SMITH A O CORP
2021-Q3 EPS reported
$2.15
revenue$2,543,400,000
- Net sales $914.6M (+20% YoY); diluted EPS $0.82 (+26% YoY); net earnings $131.6M (+25%).
- North America sales $658.2M (+21%); operating margin 23.1% vs 24.5% on higher material costs.
- Rest of World sales $263.1M (+19%); operating margin 10.2% vs 7.5% on higher volumes.
- Acquired Giant Factories for $192M; Canada-based water heater maker with ~$105M trailing sales.
- Board approved 8% dividend increase; FY share repurchases projected at $400M; guidance raised.