Inferra AIResearch Tools

Inferra AI / Company / AOS

A. O. Smith

AOS · Industrials

Last earnings Oct 29, 2026

Key results

Net incomequarter

$126 million

net earnings of $126 million and diluted earnings per share (EPS) of $0.93 North America segment sales of $761.6 million increased 3% driven by Leonard Valve acquisition sales, 13% boiler sales growth and the benefits of pricing actions

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

EPSquarter

$0.93

net earnings of $126 million and diluted earnings per share (EPS) of $0.93 North America segment sales of $761.6 million increased 3% driven by Leonard Valve acquisition sales, 13% boiler sales growth and the benefits of pricing actions

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Revenuequarter

$761.6 million

net earnings of $126 million and diluted earnings per share (EPS) of $0.93 North America segment sales of $761.6 million increased 3% driven by Leonard Valve acquisition sales, 13% boiler sales growth and the benefits of pricing actions

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Segment-level Performance North America Third quarter sales increased 3% to $761.6 million, driven by higher boiler volumes, pricing benefits and a $15 million sales contribution from Leonard Valve, acquired in January 2026, partially offset by lower residential water heater volumes.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Free cash flowytd

4%

Free cash flow in the first nine months of 2026 increased 4% to $396.2 million, supported by lower capital expenditures of $33.2 million compared with $53.2 million in the prior year period.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Free cash flowQ3 2026

$396.2 million

Free cash flow in the first nine months of 2026 increased 4% to $396.2 million, supported by lower capital expenditures of $33.2 million compared with $53.2 million in the prior year period.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Capexquarter

$33.2 million

Free cash flow in the first nine months of 2026 increased 4% to $396.2 million, supported by lower capital expenditures of $33.2 million compared with $53.2 million in the prior year period.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

AI analysis

Q3 2026 · reported Oct 29, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q3 2026
$761.6M
EX-99 · Oct 29, 2026
EPS · Q3 2026
$0.93
EX-99 · Oct 29, 2026
Free cash flow · Q3 2026
$396.2M
+644.7% +$343M vs year ago computed from stated figures
EX-99 · Oct 29, 2026
Net income · Q3 2026
$126M
EX-99 · Oct 29, 2026

The quarter in charts

Capex & free cash flow

As stated

0167333500$33.2MCapex Q$396.2MFree cash flow Q

EX-99 · Oct 29, 2026 Values as labeled in the release.

Headline figures

MetricQ3 2026Prior qtrYear ago
Net income$126 million——
EPS$0.93——
Revenue$761.6 million——
Free cash flow$396.2 million—$53.2 million
Capex$33.2 million—$53.2 million

EX-99 · Oct 29, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Free cash flow4%
Free cash flow$396.2M
Capex$33.2M

Capital allocation

Dividend6%

Consistent with its commitment to returning capital to shareholders, the Company intends to prioritize share repurchases as a use of the after-tax proceeds and repatriated cash following the closing of the transaction.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Separately, earlier this week we announced definitive agreements with CPE to acquire an 81% interest in our China business, Shafer continued

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Consistent with its commitment to returning capital to shareholders, the Company intends to prioritize share repurchases as a use of the after-tax proceeds and repatriated cash following the closing of the transaction.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

As part of its commitment to return capital to shareholders, the Company deployed $260.6 million to repurchase 4.2 million shares in the first nine months of 2026.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

As of September 30, 2026, authority remained to repurchase approximately 1.6 million additional shares.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

The Company projects its full-year 2026 share repurchases to total approximately $300 million.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

On October 12, 2026, the Company s board of directors approved a 6% increase in the dividend rate, resulting in a five-year compound annual dividend growth rate of approximately 7%.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

The Company has increased its dividend for more than 30 consecutive years.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Strategy & priorities

Our teams adapted to changing market conditions, managed costs and stayed focused on meeting our customers needs.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Smith, this transaction completes our strategic assessment and enables us to focus our capital and resources on our highest-return opportunities and sustainable value creation.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

China sales decreased 17% in local currency, reflecting continued weak consumer demand and disruption related to the recently concluded strategic assessment process.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Consistent with its commitment to returning capital to shareholders, the Company intends to prioritize share repurchases as a use of the after-tax proceeds and repatriated cash following the closing of the transaction.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

The agreements follow a comprehensive review of strategic alternatives for the China business, announced in July 2025.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Risks & headwinds

The 60-basis-point decline in segment margin was primarily due to lower residential water heater volumes and higher input costs, including steel and freight, more than offsetting the benefits of higher boiler volumes, International Emergency Economic Powers Act (IEEPA) tariff refunds, the benefits of pricing actions and the earnings contribution from Leonard Valve.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Supported by our leading market positions and financial strength, we believe we remain well positioned to address near-term headwinds and deliver long-term, profitable growth.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated as of the date of this release.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Legal Proceedings 29 Item 2.

SEC original ↗A. O. Smith — 10-Q Quarterly report10-QJul 30, 2026

Our guidance excludes the impacts from potential future acquisitions, any potential outcomes of the assessment of the China business and and the potential impact of recently announced changes in tariff policy.

SEC original ↗A. O. Smith — 10-Q Quarterly report10-QJul 30, 2026

What changed vs prior quarter

EPS — prior quarter passage and this quarter's passage are both cited.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Free cash flow — prior quarter passage and this quarter's passage are both cited.

SEC original ↗A. O. Smith — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Documents

Earnings deck slides

0 decks with slide view

A. O. Smith — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

A. O. Smith — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

A. O. Smith — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

A. O. Smith — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

A. O. Smith — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Named in the company’s own filings

Flex Ltd. (FLEX)“We also recently launched our Cyclone Flex commercial condensing water heater with advanced features ahead of the upcoming October 2026 Department of Energy (DOE) commercial rule that will require all commercial water heaters to be condensing.”Pentair (PNR)“are Culligan, Kinetico, Pentair, Franklin Electric and Ecowater as well as numerous regional assemblers.”Unilever (UL)“In 2024, we expanded our product offerings and geographic footprint with the acquisition of Pureit, formerly a Unilever PLC business.”

Filings

73 documents

Earnings releases

50 documents

Presentations

5 documents

Transcripts

0 documents

No transcripts for A. O. Smith are held in this edition of the library.

Mentioned by

2 companies

Other tracked companies whose held documents mention A. O. Smith by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.