A. O. Smith Corporation reports developments in water heating, boiler and water treatment markets through its North America and Rest of World segments. Company news commonly covers residential and commercial water heater demand, boiler volumes, pricing, margin trends, cash flow, dividends, share repurchases and operating conditions in China and India.
Updates also include acquisitions that expand the company’s water management platform, including Leonard Valve, a provider of water temperature and flow control systems, digital and thermostatic mixing systems and related monitoring devices. Governance, ethics and compliance recognition also appear in company announcements alongside quarterly results and outlook updates.
A. O. Smith (NYSE: AOS) reported Q1 2026 sales of $945.6M, net earnings of $118.0M and diluted EPS of $0.85. North America sales were $753.4M (+1%); Rest of World sales were $200.7M (-11%).
The company lowered full‑year 2026 guidance to diluted EPS of $3.60–$3.90 and adjusted EPS of $3.70–$4.00, expects a ~2–4% sales range, and announced a ~$20M pre-tax North America water treatment restructuring to be recognized in Q2.
Cash and marketable securities were $203.9M, debt $615.8M (24.7% leverage), free cash flow $118.9M, share repurchases of $51.3M in Q1, and a $0.36 per share dividend payable May 15.
A. O. Smith (NYSE: AOS) declared a regular quarterly cash dividend of $0.36 per share on both Common Stock and Class A Common Stock.
The dividend is payable on May 15, 2026 to shareholders of record as of April 30, 2026.
A. O. Smith (NYSE:AOS) will release its first quarter 2026 financial results before market open on Thursday, April 30, 2026.
The company will hold an investor conference call at 10:00 a.m. ET, with a live webcast and an audio replay available on the company's Investors page at www.aosmith.com.
A. O. Smith (NYSE: AOS) announced it was named a 2026 World's Most Ethical Company by Ethisphere on March 18, 2026. This marks the company's third consecutive year receiving the honor and places A. O. Smith among 13 industrial manufacturing honorees.
In 2026 Ethisphere recognized 138 honorees across 17 countries and 40 industries; the award reflects evaluation via Ethisphere's Ethics Quotient® and qualitative expert review.
A. O. Smith (NYSE: AOS) reported 2025 net sales of $3.83 billion, net earnings of $546.2 million and record diluted EPS of $3.85 (up 6% YoY). Free cash flow was $546.0 million, and the company returned $597 million to shareholders.
2026 guidance projects sales of $3.90–4.02 billion and EPS of $3.85–4.15, including Leonard Valve sales of about $70 million.
A. O. Smith (NYSE:AOS) declared a regular quarterly cash dividend of $0.36 per share on its Common Stock and Class A Common Stock.
The dividend is payable on Tuesday, February 17, 2026 to shareholders of record as of Friday, January 30, 2026.
A. O. Smith (NYSE:AOS) will release its fourth quarter 2025 financial results before the market opens on Thursday, Jan. 29, 2026. An investor conference call is scheduled the same day at 10:00 a.m. Eastern Standard Time and will be streamed live on the company's website, www.aosmith.com.
An audio replay will be posted on the company's Investors page after the live event and can be accessed via the "Fourth Quarter Conference Call" link.
Bessemer Investors has completed the sale of Leonard Valve Company to A. O. Smith (NYSE: AOS) on January 6, 2026, following a definitive agreement signed on November 12, 2025. Bessemer invested in Leonard Valve in 2019 and worked with third‑generation owner Niles Wilcox to execute succession planning, strengthen management, and support organic growth and strategic M&A.
During Bessemer ownership Leonard expanded digital and thermostatic mixing products, acquired Heat‑Timer Corporation, and says it has tripled its digital and connected offerings. Financial and purchase price details were not disclosed.
A. O. Smith (NYSE: AOS) completed the acquisition of Leonard Valve Company on January 6, 2026 for a $470 million all-cash purchase price, with an estimated post-tax adjustment valuing the deal at approximately $412 million. The transaction was funded with cash borrowed under a new credit agreement. Leonard Valve, founded in 1911 and based in Cranston, Rhode Island, designs water temperature control valves, thermostatic mixing systems, digital monitoring devices and Heat-Timer boiler controls for hospitals, schools, industrial and other commercial customers.
The company said the deal expands A. O. Smith's water management presence, strengthens digital expertise and broadens integrated product offerings for commercial and institutional customers. BofA Securities served as financial advisor and Foley & Lardner served as legal advisor.
A. O. Smith (NYSE: AOS) signed a definitive agreement to acquire Leonard Valve Company for $470 million (subject to customary adjustments), with an adjusted value of approximately $412 million after estimated tax benefits. The company expects closing in Q1 2026, subject to customary conditions and regulatory approvals, and intends to fund the all-cash purchase with a mix of cash on hand and committed debt financing. The purchase price equates to an adjusted multiple of about 12x forecasted 2026 EBITDA. A. O. Smith said the deal expands its water management and digital capabilities and is expected to be accretive to earnings per share in 2026 after one-time purchase-accounting charges and professional fees.