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Last $65.56 USD
Change Today +1.66 / 2.60%
Volume 548.7K
AOS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

smith (a.o.) corp (AOS) Snapshot

Open
$64.25
Previous Close
$63.90
Day High
$65.75
Day Low
$64.21
52 Week High
04/27/15 - $67.08
52 Week Low
10/15/14 - $44.60
Market Cap
5.9B
Average Volume 10 Days
693.1K
EPS TTM
$2.43
Shares Outstanding
76.3M
EX-Date
04/28/15
P/E TM
27.0x
Dividend
$0.76
Dividend Yield
1.04%
Current Stock Chart for SMITH (A.O.) CORP (AOS)

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smith (a.o.) corp (AOS) Details

A. O. Smith Corporation manufactures and markets water heaters and boilers to the residential and commercial end markets primarily in the United States, Canada, China, Europe, India, and the Middle East. It operates in two segments, North America and Rest of World. The company offers electric, natural gas, gas tankless, and liquid propane model water heaters, as well as solar tank units for applications in residences, restaurants, hotels and motels, laundries, car washes, and small businesses; and residential boilers, as well as commercial boilers primarily for space heating applications in hospitals, schools, hotels, and other large commercial buildings. It also provides expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts. The company sells its products through independent wholesale plumbing distributors, hardware and home center chains, and manufacturer representative firms. It sells water heaters to approximately 7,000 retail outlets, as well as water treatment products to 4,500 retail outlets in China. The company is headquartered in Milwaukee, Wisconsin.

12,400 Employees
Last Reported Date: 02/18/15

smith (a.o.) corp (AOS) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $932.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $497.0K
Senior Vice President and President of North ...
Total Annual Compensation: $368.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $462.9K
Senior Vice President of Human Resources & Pu...
Total Annual Compensation: $399.5K
Compensation as of Fiscal Year 2014.

smith (a.o.) corp (AOS) Key Developments

AO Smith Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Revises Earnings Guidance for the Full Year of Fiscal 2015

AO Smith Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $618.5 million against $552.2 million a year ago. Earnings before provision for income taxes were $82.8 million against $64.9 million a year ago. Net earnings were $58.4 million against $46.7 million a year ago. Diluted earnings per share of common stock from continuing operations were $0.65 against $0.51 a year ago. Cash used in operating activities was $3.4 million against cash provided by operating activities of $11.8 million a year ago. Capital expenditures were $14.9 million against $25.3 million a year ago. Sales were higher than the previous year, driven by higher sales in water heaters and commercial boilers in the U.S. and water heater and water treatment products in China. The company provided earnings guidance for the second quarter and revised earnings guidance for the full year of fiscal 2015. The company expects cash flow from operations in 2015 to be between $270 million and $280 million and capital expenditures to be between $100 million and $110 million in 2015, which includes approximately $15 million to support the ERP implementation and approximately $30 million related to capacity expansion in China and in the U.S. to support Lochinvar-branded sales. Depreciation and amortization expense is expected to be approximately $66 million in 2015. The company estimates its effective tax rate to be between 29% and 30% in 2015. The company increased its 2015 EPS guidance to be between $2.72 and $2.82 per share. The midpoint of the company’s upgraded EPS guidance represents a $0.05 per share increase over its previous guidance and a 14% increase in EPS compared with its 2014 adjusted results. The company expects its earnings per share in the second quarter of 2015 to be about flat with 2014 adjusted second quarter earnings per share due to the belief of the company’s second quarter residential and commercial water heater volumes will be impacted by the first quarter pre-buy and expects ERP costs will be about $4 million higher in the second quarter 2015, as compared to the prior year. And the company expects the benefits of NAECA III pricing will be effective about mid-second quarter.

AO Smith Seeks Acquisitions

Ajita Rajendra, Chairman and Chief Executive Officer AO Smith Corp. (NYSE:AOS) said, "Our acquisition strategy has not changed. We remain focused on water heating and water treating companies around the world as well as leveraging our brand and distribution channel in China. The acquisition landscape continues to be expensive, as sustained price appreciation in equity markets, lower financing costs and the lack of organic growth for many strategic buyers drive prices higher."

A. O. Smith Corporation Declares Quarterly Cash Dividend Payable on May 15, 2015

A. O. Smith Corporation declared a regular quarterly cash dividend of $0.19 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on May 15 to shareholders of record April 30.

 

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Industry Analysis

AOS

Industry Average

Valuation AOS Industry Range
Price/Earnings 27.0x
Price/Sales 2.4x
Price/Book 4.2x
Price/Cash Flow 26.7x
TEV/Sales 2.1x
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