Profile: A. O. Smith Corp (AOS)

AOS on New York Consolidated

55.03USD
18 Dec 2014
Price Change (% chg)

$0.92 (+1.70%)
Prev Close
$54.11
Open
$54.80
Day's High
$55.09
Day's Low
$54.30
Volume
330,570
Avg. Vol
501,846
52-wk High
$55.35
52-wk Low
$44.14

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A. O. Smith Corporation, incorporated on July 09, 1986, is a manufacturer of residential and commercial water heating equipment, as well as a manufacturer of water purification products. It serves a diverse mix of residential and commercial end markets principally in the United States. The Company operates in two segments: North America and Rest of World. Both segments manufacture and market a range of residential and commercial gas, gas tankless and electric water heaters. The North America segment also manufactures and markets specialty commercial water heating equipment, condensing and non-condensing boilers and water systems tanks. The Rest of World segment primarily consists of China, Europe and India. The Rest of World segment manufactures and markets water treatment products, primarily in Asia.

North America

The Company serves residential and commercial end markets in North America with a range of products, including gas, gas tankless, oil and electric water heaters; boilers, and other. Its residential and commercial water heaters come in sizes ranging from 2.5 gallon (point-of-use) models to 12,500 gallon appliances with varying ranges. It offers electric, natural gas, oil and liquid propane models, as well as solar tanks and gas tankless units. Typical applications for the Company’s water heaters include residences, restaurants, hotels and motels, laundries, car washes and small businesses. The Company’s residential and commercial boilers range in size from 40,000 British Thermal Units (BTUs) to 5 million BTUs. Its commercial boilers are used primarily in space heating applications, including hospitals, schools, hotels and other commercial buildings. The North America segment also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts. The Company’s wholesale distribution channel includes more than 1,200 independent wholesale plumbing distributors with more than 4,400 selling locations serving residential and commercial end markets. The Company also sells its residential water heaters through the retail channel.

The Company competes with Rheem, Bradford White, Aerco and Cleaver-Brooks.

Rest of World

The Rest of World segment primarily consists of China, Europe and India, and manufactures and markets water treatment products, primarily in Asia. The Company is a supplier of water heaters to the residential market in China, with a product offering, including electric, gas, gas tankless, heat pump and solar units. The Company also manufactures and markets water treatment products primarily in the residential market. It sells water heaters in more than 5,900 retail outlets in China, of which over 1,200 exclusively sell the Company’s products. In addition, the Company’s water treatment products are sold in 2,900 retail outlets in China. In addition, the Company sells water heaters to the European and Middle Eastern markets and water treatment products in Turkey.

The Company competes with Haier Appliances, Midea, Rinnai, Noritz, Bajaj, Venus and MTS-Racold.

Company Address

A. O. Smith Corp

P. O. Box 245008
MILWAUKEE   WI   53224
P: +1414.3594000
F: +1414.3594198

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