A O Smith Corp Financial Highlights
- FY Adjusted EPS Forecast: Revised to $3.95 to $4.10 (previously $3.90 to $4.15).
- FY EPS Forecast: Now expected to be $3.95 to $4.10 (previously $3.90 to $4.15).
- Net Sales: Projected to remain between $3.97 billion and $4.05 billion.
- Second Quarter Results:
- EPS: $1.06 (vs. $1.04 y/y), meeting the estimate of $1.06.
- Net Sales: $1.02 billion, a 6.6% increase y/y, exceeding the estimate of $998.9 million.
- North America Sales: $790.7 million, up 9.5% y/y, exceeding the estimate of $764.6 million.
- Rest of World Sales: $244.8 million, a slight 0.2% increase y/y, meeting the estimate of $242.2 million.
- Adjusted EPS: $1.06, matching the estimate of $1.06.
- Company Outlook:
- A O Smith reaffirms its 2024 sales projection, expecting a 3% to 5% increase y/y.
- The company narrows its full-year EPS guidance to a range of $3.95 to $4.10, representing a 6% y/y increase at the mid-point.
- Analyst Recommendations:
- 3 Buys
- 8 Holds
- 2 Sells
A look at Smith (A.O.) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking at the Smartkarma Smart Scores for A.O. Smith, the company seems to have a promising long-term outlook. With a Growth score of 4 and a Resilience score of 4, A.O. Smith is positioned well for future expansion and stability in the face of uncertainties. These scores suggest that the company is likely to experience solid growth and manage potential risks effectively.
Additionally, the company has received a Dividend score of 3, indicating a moderate level of dividend attractiveness, and a Momentum score of 3. While not the highest, these scores still contribute positively to A.O. Smith’s overall outlook. Overall, A.O. Smith Corporation, a manufacturer of water heating equipment and water treatment products with a global distribution network, appears to have a favorable outlook, particularly in terms of growth potential and resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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