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

AOS on New York Consolidated

54.46USD
19 Dec 2014
Price Change (% chg)

$-0.57 (-1.04%)
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$55.03
Open
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Day's High
$55.23
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$54.35
Volume
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52-wk High
$56.90
52-wk Low
$44.14

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Latest Key Developments (Source: Significant Developments)

A. O. Smith Corp Declares Quarterly Dividend
Thursday, 10 Oct 2013 09:41am EDT 

A. O. Smith Corp announced that on October 9, 2013, it declared a regular quarterly cash dividend of $.12 per share on Common Stock and Class A Common Stock. The dividend is payable on November 15, 2013 to shareholders of record October 31, 2013.  Full Article

A. O. Smith Corp Raises FY 2013 EPS Guidance; Reaffirms FY 2015 Revenue Guidance
Wednesday, 24 Jul 2013 07:01am EDT 

A. O. Smith Corp announced that as a result of strong first half performance, the Company is increasing guidance for fiscal 2013 and expects GAAP earnings of between $1.62 and $1.68 per share with adjusted earnings of between $1.84 and $1.90 per share. For fiscal 2015, it maintains original aspiration for revenues of $2.4 to $2.45 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.81 for fiscal 2013; revenue of $2.4 billion for fiscal 2015.  Full Article

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

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