earnings
confidence high
sentiment negative
materiality 0.80
A. O. Smith Q1 EPS $0.85, sales $946M; cuts 2026 guidance on China weakness
SMITH A O CORP
2026-Q1 EPS reported
$0.85
revenue$945,600,000
- Diluted EPS $0.85 vs $0.95 YoY; net earnings $118M, down 14%.
- North America segment sales $753.4M (+1%) with Leonard Valve; soft water heater volumes and weather disruptions.
- Rest of World sales $200.7M (-11%); China sales down 17% in local currency on weak consumer demand.
- Full-year 2026 adjusted EPS guidance lowered to $3.70-$4.00 (from $3.85-$4.15); sales growth 2%-4%.
- Board approved $0.36/share dividend payable May 15; Q1 share repurchases $51.3M (0.7M shares).
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