A. O. Smith Corporation

AOS Industrials Specialty Industrial Machinery

A. O. Smith Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 15.0%, free cash flow fell 6.61% and total debt rose 110.1%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

59.22 0.25 −0.42%
Market cap
$8.1B
P/E
16.5×
Fwd P/E
15.3×
Dividend yield
2.43%
F-score
8/9
Altman Z
8.31
Beneish M
−2.50
Dividend safety
93/100

A. O. Smith Corporation 10-Q filed Jul 30, 2026

Fiscal Q2 2026 · Period ended Jun 30, 2026 · Filed · accepted 4:07 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Apr 30, 2026: 13 added · 5 removed · 21 modified; 3 with only figures updated

  1. Modified · Overview

    Consistent with our stated strategic priorities, we continue to seek acquisitions that enable growth, expand our core business, and establish adjacencies. In January 2026, we acquired LVC Holdco LLC (Leonard Valve) for $470 million, subject to customary adjustments, and was funded with cash borrowed under a new term loan with a group of eight banks. In the first quarter, we recognized $6 million of acquisition-related transaction expenses. Leonard Valve is a leading manufacturer of water temperature and flow solutions and we believe it represents a compelling strategic fit and a meaningful advancement into our presence in the water management market. Leonard Valve is projected to contribute approximately $70 million in sales in 2026 in the North America segment. Leonard Valve contributed approximately $16 million and $32 million to sales in the firstsecond quarter and first half of 2026, respectively. In the first quarter, we recognized $6 million of acquisition-related transaction expenses.

38 more changes in this Item, word by word, in Powerpack.

Powerpack