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A. O. Smith Corp (AOS)

AOS on New York Consolidated

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2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

A. O. Smith buys water treatment co Aquasana for $87 mln
Monday, 8 Aug 2016 01:10pm EDT 

A. O. Smith Corp : A. O. Smith acquires water treatment company Aquasana . Deal for $87 million . Aquasana 2016 sales expected to be about $44 million, including approximately 35 percent comprised of consumable water treatment filters . A. O. Smith believes Aquasana's organic revenue, including synergies, could reach $100 million in 2019 . Used available borrowing capacity on its $400 million revolving credit facility to fund debt-free acquisition . Now expects to repurchase approximately $135 million of its shares in 2016 . Professional fees related to acquisition of approximately $1 million . Purchase price represents a multiple of two times expected 2016 sales . Expects to achieve approximately $25 million to $30 million of annual revenue synergies over next two to three years driven from deal .Expects acquisition to be neutral to earnings per share in 2016, excluding one-time after-tax purchase accounting charges and professional fees related to acquisition.  Full Article

A. O. Smith Q2 earnings $0.98/ share
Tuesday, 26 Jul 2016 06:50am EDT 

A. O. Smith Corp : Q2 earnings per share $0.98 . Q2 earnings per share view $0.90 -- Thomson Reuters I/B/E/S . Continues to expect to spend $175 million in 2016 on share repurchases. . Qtrly net sales $667.0 million versus $653.5 million . Quarterly sales rose 2 percent . A. O. Smith reports strong growth in net earnings on record sales . Upgraded midpoint of our 2016 guidance range and now expect full-year 2016 earnings per share to be between $3.58 and $3.64 . Sees full-year 2016 earnings per share $3.58 to $3.64 .Full-year 2016 earnings per share view $3.52 -- Thomson Reuters I/B/E/S.  Full Article

A. O. Smith Corp ups dividend by 26 pct to $0.24/shr
Monday, 25 Jan 2016 04:45pm EST 

A. O. Smith Corp:Approved a 26 percent increase in the company's quarterly cash dividend to $.24 per share.Payable on Feb. 16 to shareholders of record date as on Feb. 5.  Full Article

A. O. Smith Corp raises FY 2015 EPS guidance
Wednesday, 21 Oct 2015 06:45am EDT 

A. O. Smith Corp:Says that as a result of continued strong performance in North America, the company is increasing its guidance for FY 2015.Expects to achieve FY 2015 earnings of between $3.08 and $3.12 per share (EPS), which excludes the potential impact from future acquisitions.  Full Article

A. O. Smith Corp reaffirms FY 2015 EPS guidance
Thursday, 23 Jul 2015 07:00am EDT 

A. O. Smith Corp:Says that it will achieve FY 2015 earnings of between $3.04 and $3.09 per share, which excludes the potential impact from future acquisitions.  Full Article

A. O. Smith Corp declares quarterly dividend
Monday, 13 Jul 2015 10:39pm EDT 

A. O. Smith Corp:Declares a regular quarterly cash dividend of $.19 per share on the company's common stock and class A common stock.Says the dividend is payable on Aug. 17 to shareholders of record July 31.  Full Article

A. O. Smith Corp declares quarterly dividend
Monday, 13 Apr 2015 04:49pm EDT 

A. O. Smith Corp:Declares regular quarterly cash dividend of $.19 per share on the company's Common Stock and Class A Common Stock.Payable on May 15, of record April 30.  Full Article

A. O. Smith Corp gives FY 2015 outlook in line with analysts' estimates
Tuesday, 27 Jan 2015 07:00am EST 

A. O. Smith Corp:Expects FY 2015 sales to increase about 10 pct from FY 2014.FY 2015 earnings to be between a range of $2.65 to $2.80 per share.Reported revenue of $2.36 bln in FY 2014.FY 2015 revenue of $2.59 bln, EPS of $2.76 - Thomson Reuters I/B/E/S.  Full Article

A. O. Smith Corp announces 27 pct dividend increase
Monday, 26 Jan 2015 05:30pm EST 

A. O. Smith Corp:Approved a 27 percent increase in the company's quarterly cash dividend to $.19 per share.Says the dividend increase will affect the company's Common Stock and Class A Common Stock and is payable on Feb. 17 to shareholders of record Feb. 6.  Full Article

BRIEF-A. O. Smith buys water treatment co Aquasana for $87 mln

* Aquasana 2016 sales expected to be about $44 million, including approximately 35 percent comprised of consumable water treatment filters