A. O. Smith preliminary Q3 EPS $0.71 (-13% YoY); cuts FY2022 guidance

SMITH A O CORP

2022-Q3 EPS reported $2.27 revenue$2,817,800,000

Preliminary Q3 net sales $874M (-4% YoY); diluted EPS $0.71 (-13%); adjusted EPS $0.69 (-15%).
Full-year EPS guidance lowered to $1.29-$1.39 from $1.56-$1.76; adjusted EPS to $3.05-$3.15 from $3.35-$3.55.
North America residential water heater industry volumes expected down 12-13% due to deeper destocking.
Board approved 7% dividend increase; five-year compound annual dividend growth rate of 15%.
Management cites improved China market share but higher material costs and production inefficiency hurt margins.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.