Quarterly ResultApr 30, 2026, 04:35 PM
AOS Q1 Net Sales $945.6M, EPS $0.85; Acquires Leonard Valve for $470M
AI Summary
A. O. Smith Corporation reported a decrease in net sales and net earnings for the first quarter of 2026 compared to the prior year. Net sales fell to $945.6 million, and net earnings were $118.0 million, resulting in basic EPS of $0.85. The company completed the acquisition of Leonard Valve for $470.0 million, which was financed by a new three-year term loan, and saw a significant increase in cash provided by operating activities.
Key Highlights
- AOS Q1 2026 Net Sales decreased to $945.6M from $963.9M YoY.
- Net Earnings for Q1 2026 were $118.0M, down from $136.6M YoY.
- Basic EPS for Q1 2026 was $0.85, compared to $0.95 YoY.
- Acquired Leonard Valve for $470.0M on January 6, 2026, funded by new debt.
- Cash Provided by Operating Activities increased to $129.4M from $38.7M YoY.
- North America segment sales increased to $753.4M from $748.7M YoY.
- Rest of World segment sales decreased to $200.7M from $226.7M YoY.
- Dividends Per Share increased to $0.36 from $0.34 YoY.