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A O Smith Corp (N:AOS)

Business Focus: Heating, Ventilation & Air Conditioning Systems

Sector:  Industrials Industry:  Electrical Components & Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: 11270 W Park Pl
MILWAUKEE WI 53224-3623
Tel: 1-414-3594157
Website: https://www.aosmith.com
IR: See website
Key People
Kevin J. Wheeler
Chairman of the Board, Chief Executive Officer
Parag Kulkarni
Senior Vice President, International, President - A. O. Smith India Water Products Private Limited
Stephen M. Shafer
President, Chief Operating Officer
Charles T. Lauber
Chief Financial Officer, Executive Vice President
James F. Stern
Executive Vice President, General Counsel, Secretary
Robert J. Heideman
Senior Vice President, Chief Technology Officer
S. Melissa Scheppele
Senior Vice President, Chief Information Officer
Mark A. Petrarca
Senior Vice President - Human Resources and Public Affairs
Samuel M. Carver
Senior Vice President - Global Operations
D. Samuel Karge
Senior Vice President, President - North America Water Treatment
   
Business Overview
A. O. Smith Corporation applies technologies and solutions to products manufactured and marketed worldwide. The Company operates through two segments: North America and Rest of World. Both the segments manufacture and market a comprehensive line of residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Its Rest of World segment is primarily comprised of China, Europe, and India. The North America segment serves residential and commercial end markets with a range of products, including water heaters, boilers, water treatment products, and other. The Company also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. Its Lochinvar brand is a residential and commercial boiler brand in the United States. Its water softener branded products and problem well water solutions include the Hague, Impact Water, Water-Right, Master Water, Atlantic Filter and Water Tec brands.
Financial Overview
For the three months ended 31 March 2024, A O Smith Corp revenues increased 1% to $978.8M. Net income increased 16% to $147.6M. Revenues reflect North America segment increase of 2% to $766.3M, China segment increase of 5% to $200.6M, North America segment increase of 2% to $766.3M, Rest of the world segment increase of 4% to $226.9M. Net income benefited from Impairment expense decrease from $15.6M (expense) to $0K.