Key Developments: A. O. Smith Corp (AOS)

AOS on New York Consolidated

47.74USD
29 Jul 2014
Price Change (% chg)

$-0.68 (-1.39%)
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$48.56
Open
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Volume
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$55.18
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Latest Key Developments (Source: Significant Developments)

A. O. Smith Corp Declares Quarterly Dividend
Monday, 8 Jul 2013 09:17pm EDT 

A. O. Smith Corp announced that its declared a regular quarterly cash dividend of $0.12 per share on Common Stock and Class A Common Stock. The dividend is payable on August 15, 2013, to shareholders of record July 31, 2013.  Full Article

A. O. Smith Corp Plans To Transfer Residential Water Heater Production To Other North American Facilities; Sees FY 2013 Charge Guidance; Raises FY 2013 EPS Guidance
Tuesday, 23 Apr 2013 07:00am EDT 

A. O. Smith Corp announced that on March 28, 2013, Board of Directors approved a plan to transfer residential water heater production from Fergus, Ontario, plant to other North American facilities. The Company expects that the majority of production will be consolidated by July 1. As a result of the capacity rationalization, the Company incurred a pre-tax restructuring charge of $12.7 million in the first quarter related to employee severance costs and impairment of long-lived assets. Additional restructuring charges are expected to total approximately $5 million for the remainder of fiscal 2013. Excluding restructuring costs, operating savings related to the plant rationalization will offset operating inefficiencies in 2013. The Company expects pre-tax annual savings of approximately $10 million in 2014. As a result of these positive factors, it is increasing guidance for fiscal 2013. The Company believes will achieve fiscal 2013 GAAP earnings of between $3.00 and $3.16 per share and, it now believes will achieve adjusted earnings of between $3.40 and $3.56 per share, neither of which includes the potential impact from future acquisitions. The adjusted earnings per share projection excludes the gain from the settlement with a former supplier, the restructuring charges related to the plant rationalization in Canada and non-operating pension costs. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.43 for fiscal 2013.  Full Article

A. O. Smith Corp Announces 20% Dividend Increase
Monday, 15 Apr 2013 06:03pm EDT 

A. O. Smith Corp announced that its Board of Directors approved a 20% increase in the Company's quarterly cash dividend to $.24 per share. The dividend increase affects the company's Common Stock and Class A Common Stock. The record date for the cash dividend is April 29, 2013 and the payment date is May 14, 2013.  Full Article

A. O. Smith Corp Issues FY 2013 EPS Guidance In Line With Analysts' Estimates
Thursday, 24 Jan 2013 07:00am EST 

A. O. Smith Corp announced that for fiscal 2013, it expects GAAP earnings of between $3.00 and $3.20 per share (EPS) and adjusted earnings of between $3.25-$3.45 per share, neither of which includes the potential impact from future acquisitions. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.42 for fiscal 2013.  Full Article

A. O. Smith Corp Declares Quarterly Dividend
Tuesday, 15 Jan 2013 05:09pm EST 

A. O. Smith Corp announced that it has declared a regular quarterly cash dividend of $.20 per share on Common Stock and Class A Common Stock. The dividend is payable on Feb. 15 to shareholders of record Jan. 31 .  Full Article

A. O. Smith Corp Raises FY 2012 EPS Guidance-Conference Call
Wednesday, 17 Oct 2012 10:00am EDT 

A. O. Smith Corp announced that for fiscal 2012, it expects EPS guidance to be between $2.85-$2.95 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.91 for fiscal 2012.  Full Article

A. O. Smith Corp Announces Paul W. Jones To Become Executive Chairman, Ajita G. Rajendra Named Chief Executive Officer
Tuesday, 9 Oct 2012 01:00pm EDT 

A. O. Smith Corp announced Paul W. Jones will transition from Chairman and Chief Executive Officer to executive chairman of the corporation, effective Jan. 1, 2013, at which time, Ajita G. Rajendra will assume the role of President and Chief Executive Officer. Rajendra, who is currently President and Chief Operating Officer, will assume the role of Chief Executive and have responsibility for strategy development and implementation.  Full Article

A. O. Smith Corp Declares Quarterly Dividend
Monday, 8 Oct 2012 07:16pm EDT 

A. O. Smith Corp announced that its Directors has declared a regular quarterly cash dividend of $.20 per share on Common Stock and Class A Common Stock. The dividend is payable on November 15, 2012, to shareholders of record October 31, 2012.  Full Article

DIARY-U.S. MEETINGS/WEEK AHEAD

THOMSON REUTERS, Apr 07,2014 - Corporate Meetings for US companies for Week ahead. S&P 500 Earnings - Weekly S&P 500 Earnings - Day Ahead Non S&P 500 - Weekly Non S&P 500 - Day Ahead ConferenceCall/Webcast - Weekly ConferenceCall/Webcast - Day S&P 500 Earnings - Monthly Meetings - Day Ahead Economic Indicators Dividends Daily earnings hits & misses Federal Rese

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