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Smith (AO) Earnings Calls
| Release date | Apr 30, 2026 |
| EPS estimate | $0.94 |
| EPS actual | $0.85 |
| EPS Surprise | -9.57% |
| Revenue estimate | 974.062M |
| Revenue actual | 945.6M |
| Revenue Surprise | -2.92% |
| Release date | Jan 29, 2026 |
| EPS estimate | $0.84 |
| EPS actual | $0.90 |
| EPS Surprise | 7.14% |
| Revenue estimate | 928.292M |
| Revenue actual | 912.5M |
| Revenue Surprise | -1.70% |
| Release date | Oct 28, 2025 |
| EPS estimate | $0.91 |
| EPS actual | $0.94 |
| EPS Surprise | 3.64% |
| Revenue estimate | 948.025M |
| Revenue actual | 942.5M |
| Revenue Surprise | -0.583% |
| Release date | Jul 24, 2025 |
| EPS estimate | $0.97 |
| EPS actual | $1.07 |
| EPS Surprise | 10.31% |
| Revenue estimate | 937.046M |
| Revenue actual | 1.011B |
| Revenue Surprise | 7.92% |
Last 4 Quarters for Smith (AO)
Below you can see how AOS performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 24, 2025 |
| Price on release | $73.94 |
| EPS estimate | $0.97 |
| EPS actual | $1.07 |
| EPS surprise | 10.31% |
| Date | Price |
|---|---|
| Jul 18, 2025 | $70.30 |
| Jul 21, 2025 | $69.07 |
| Jul 22, 2025 | $71.10 |
| Jul 23, 2025 | $71.38 |
| Jul 24, 2025 | $73.94 |
| Jul 25, 2025 | $72.06 |
| Jul 28, 2025 | $71.03 |
| Jul 29, 2025 | $71.64 |
| Jul 30, 2025 | $70.83 |
| 4 days before | 5.18% |
| 4 days after | -4.21% |
| On release day | -2.54% |
| Change in period | 0.754% |
| Release date | Oct 28, 2025 |
| Price on release | $66.84 |
| EPS estimate | $0.91 |
| EPS actual | $0.94 |
| EPS surprise | 3.64% |
| Date | Price |
|---|---|
| Oct 22, 2025 | $68.20 |
| Oct 23, 2025 | $69.04 |
| Oct 24, 2025 | $68.90 |
| Oct 27, 2025 | $68.61 |
| Oct 28, 2025 | $66.84 |
| Oct 29, 2025 | $65.58 |
| Oct 30, 2025 | $66.70 |
| Oct 31, 2025 | $65.99 |
| Nov 03, 2025 | $65.66 |
| 4 days before | -1.99% |
| 4 days after | -1.77% |
| On release day | -1.89% |
| Change in period | -3.72% |
| Release date | Jan 29, 2026 |
| Price on release | $73.17 |
| EPS estimate | $0.84 |
| EPS actual | $0.90 |
| EPS surprise | 7.14% |
| Date | Price |
|---|---|
| Jan 23, 2026 | $72.46 |
| Jan 26, 2026 | $71.02 |
| Jan 27, 2026 | $70.64 |
| Jan 28, 2026 | $69.49 |
| Jan 29, 2026 | $73.17 |
| Jan 30, 2026 | $73.49 |
| Feb 02, 2026 | $74.71 |
| Feb 03, 2026 | $76.34 |
| Feb 04, 2026 | $78.37 |
| 4 days before | 0.98% |
| 4 days after | 7.11% |
| On release day | 0.437% |
| Change in period | 8.16% |
| Release date | Apr 30, 2026 |
| Price on release | $61.84 |
| EPS estimate | $0.94 |
| EPS actual | $0.85 |
| EPS surprise | -9.57% |
| Date | Price |
|---|---|
| Apr 24, 2026 | $64.38 |
| Apr 27, 2026 | $64.68 |
| Apr 28, 2026 | $63.91 |
| Apr 29, 2026 | $63.68 |
| Apr 30, 2026 | $61.84 |
| May 01, 2026 | $60.35 |
| May 04, 2026 | $58.86 |
| May 05, 2026 | $58.88 |
| May 06, 2026 | $61.06 |
| 4 days before | -3.95% |
| 4 days after | -1.26% |
| On release day | -2.41% |
| Change in period | -5.16% |
Smith (AO) Earnings Call Transcript Summary of Q1 2026
Key points for investors: A. O. Smith reported Q1 2026 sales of $946M, down 2% year-over-year (North America +1% to $753M; Rest of World -11% to $201M). GAAP EPS was $0.85, down 11%, impacted by lower volumes and $0.03 of transaction-related expenses from the Leonard Valve acquisition. Leonard Valve added ~$$16M of sales in Q1 and remains on track for double-digit growth. China sales were weak (down 17% in local currency) and management expects persistent headwinds; they are conducting a strategic assessment of the China business and may announce actions in the coming months. Free cash flow was strong at $119M in Q1; cash balance $204M and net debt $412M (leverage 24.7%).
Updated 2026 guidance and assumptions: adjusted EPS range $3.70–$4.00 (excludes a planned ~$20M restructuring/impairment in North America water treatment to be recognized in Q2). Management increased its steel cost assumption to ~+15% year-over-year and expects freight/non-steel material costs and tariffs to increase total company COGS by ~3% in 2026. CapEx is projected at $70–$80M; free cash flow guidance remains strong at $525–$575M. Interest expense is expected to rise to $30–$40M due to acquisition-related debt. Diluted shares are projected to be ~138M year-end. The Board approved a quarterly dividend of $0.36 and share repurchases of ~$51M in Q1; the company expects to repurchase $200M of shares in 2026.
Business & operational highlights: North America water heater volumes faced weather-related production/shipping constraints (damage at Ashland City facility) and softer residential demand, but market share stabilized in wholesale and remained strong in retail. North America boilers are expected to grow 6–8% in 2026 (pricing + backlog benefits). North America water treatment sales growth guidance was reduced to 5–6% for 2026; the company is undertaking footprint optimization/brand rationalization with a Q2 restructuring charge (~$20M) and expected annual run-rate savings of $6–$8M beginning 2027. DOE delayed enforcement of an October 2026 commercial standard to October 2027, likely reducing prebuy activity. Management expects the announced product price increases (roughly 4–7% varying by product) to begin benefiting results in Q3. China is expected down low-double-digits for the full year in local currency, with Q2 sales ~15% lower than Q1 as channels rebalance. Management emphasizes operational excellence initiatives (process intelligence/AI) to drive productivity and margin expansion over time.
