secwatch.observer — SEC 8-K summary
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Issuer:     SMITH A O CORP (AOS)
CIK:        0000091142
Form:       8-K
Filed at:   2022-10-13T23:59:59+00:00
Accession:  0000091142-22-000095
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91142/000009114222000095/0000091142-22-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91142/000009114222000095/aos-20221013.htm
  HTML page:      https://secwatch.observer/filing/0000091142-22-000095

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