A O SmithNYSE: AOS

MILWAUKEE, Nov. 1, 2024 /PRNewswire/ -- A. O. Smith Corporation, a global water technology firm (NYSE: AOS), has announced that it has successfully acquired Pureit, a business owned by Unilever PLC, for around $120 million, with some standard adjustments.

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A. O. Smith Corporation (NYSE:AOS) will hold its Q3 2024 Earnings Conference Call on October 22, 2024, at 10:00 AM ET. The call will feature company representatives including Helen Gurholt, the VP of Investor Relations and Financial Planning, Kevin Wheeler, the Chairman and CEO, and Chuck Lauber, the CFO. Participants from various financial institutions, such as Susan Maklari from Goldman Sachs and Jeff Hammond from KeyBank Capital Markets, will also be present.

AOS experienced a 4% drop in revenues in the third quarter compared to the same time last year, mainly because of reduced sales in China and fewer water heater sales in North America.

The main figures for A.O. Smith (AOS) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.

A.O. Smith (AOS) reported quarterly earnings of $0.82 per share, matching the Zacks Consensus Estimate. This is a decrease from the $0.90 per share earned in the same quarter last year.

In the third quarter of 2024, A. O. Smith Corporation reported sales of $903 million, which is a 4% decline compared to last year, mainly due to lower sales in China and reduced water heater volumes in North America. The company's net earnings fell by 11% to $120 million, and diluted earnings per share decreased by 9% to $0.82. Despite these challenges, the company has raised its dividend by 6% and confirmed its revised earnings outlook for 2024.

Assess the anticipated performance of A.O. Smith (AOS) for the quarter that ended in September 2024. Instead of just focusing on the usual Wall Street revenue and profit predictions, let's take a closer look at some important metrics for a deeper understanding.

The earnings season for the third quarter has started, and stock prices are close to their highest levels. Investors are paying attention to returns from dividends and buybacks. We will point out three companies that have unusual earnings reporting dates compared to what we usually see.