earnings
confidence high
sentiment positive
materiality 0.78
A. O. Smith reports record 2021 EPS $3.02 (+42% YoY); guides 2022 adjusted EPS $3.35-$3.55
SMITH A O CORP
2021-FY EPS reported
$3.02
revenue$3,538,900,000
- Record sales $3.539B (+22% YoY); net earnings $487.1M (+41%); operating cash flow $641.1M (+14%).
- Q4 sales $995.5M (+19%); EPS $0.87 (+18%); North America segment sales $714.8M (+27%).
- 2022 guidance: GAAP EPS $1.56-$1.76; adjusted EPS $3.35-$3.55; sales growth 16%-18%.
- Board approved pension plan termination; expects $445M pretax non-cash charge in Q4 2022.
- Authorized additional 3.5M share repurchase; expects $400M buyback in 2022; dividend $0.28/share.