Company: SMITH A O CORP CIK: 91142
Report for FY 2023Q2
Earnings forecast:
FY 2023Q3 $149.057M
FY 2023Q4 $307.341M
FY 2024Q1 $320.640M
FY 2024Q2 $98.607M
The company is A.O. Smith Corporation. The stock ticker is AOS. The management members of the company are Benjamin A. Otchere, Vice President and Controller, and Charles T. Lauber, Executive Vice President and Chief Financial Officer. The company is a manufacturer of residential and commercial water heaters, boilers, and water treatment products. It also provides water heating and water treatment services. The company’s customers include residential and commercial customers in the United States, Canada, China, and Europe. The company operates in the water heating and water treatment industry. Its nearest competitors include Rheem Manufacturing Company, Bradford White Corporation, and AO Smith Water Products. The addressable market for the water heating and water treatment industry is estimated to be $10 billion. The industry is expected to grow at a CAGR of 4.5% over the next five years. The company’s strengths include its strong brand recognition, its broad product portfolio, and its global reach. The company’s weaknesses include its exposure to cyclical economic conditions and its reliance on a few key customers. The company’s opportunities include the growth of the residential and commercial construction markets, the increasing demand for water efficiency products, and the expansion of its international business. The company’s threats include the potential for new competition, the impact of regulatory changes, and the volatility of commodity prices. The company repurchased 254,000 shares at an average price of $67.36 per share and at a total cost of $17.1 million. The better than expected developments that can positively impact stock price as mentioned in this report include the company’s strong financial performance and its growth prospects. The worse than expected developments that can negatively impact stock price as mentioned in this report include the company’s exposure to cyclical economic conditions and its reliance on a few key customers. The company did not terminate any ongoing businesses this quarter. The company did not start any new businesses this quarter. The company did not take on any new liabilities this quarter. The company did not acquire any new assets this quarter.
Report for FY 2023Q2
Earnings forecast:
FY 2023Q3 $149.057M
FY 2023Q4 $307.341M
FY 2024Q1 $320.640M
FY 2024Q2 $98.607M
The company is A.O. Smith Corporation. The stock ticker is AOS. The management members of the company are Benjamin A. Otchere, Vice President and Controller, and Charles T. Lauber, Executive Vice President and Chief Financial Officer. The company is a manufacturer of residential and commercial water heaters, boilers, and water treatment products. It also provides water heating and water treatment services. The company’s customers include residential and commercial customers in the United States, Canada, China, and Europe. The company operates in the water heating and water treatment industry. Its nearest competitors include Rheem Manufacturing Company, Bradford White Corporation, and AO Smith Water Products. The addressable market for the water heating and water treatment industry is estimated to be $10 billion. The industry is expected to grow at a CAGR of 4.5% over the next five years. The company’s strengths include its strong brand recognition, its broad product portfolio, and its global reach. The company’s weaknesses include its exposure to cyclical economic conditions and its reliance on a few key customers. The company’s opportunities include the growth of the residential and commercial construction markets, the increasing demand for water efficiency products, and the expansion of its international business. The company’s threats include the potential for new competition, the impact of regulatory changes, and the volatility of commodity prices. The company repurchased 254,000 shares at an average price of $67.36 per share and at a total cost of $17.1 million. The better than expected developments that can positively impact stock price as mentioned in this report include the company’s strong financial performance and its growth prospects. The worse than expected developments that can negatively impact stock price as mentioned in this report include the company’s exposure to cyclical economic conditions and its reliance on a few key customers. The company did not terminate any ongoing businesses this quarter. The company did not start any new businesses this quarter. The company did not take on any new liabilities this quarter. The company did not acquire any new assets this quarter.
Produced date:2023-10-30 12:00 Version: ts: 0.0.001 ml: 0.0.002