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AOS A.O. Smith

A. O. Smith Corp. manufactures residential and commercial water heating equipment and air purification products. It operates through the following two segments: North America and Rest of World. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks. The Rest of World segment comprises of China, Europe, and India; and manufactures and markets water treatment products. The company was founded by Charles Jeremiah Smith in 1874 and is headquartered in Milwaukee, WI.

Company profile

Ticker
AOS
Exchange
CEO
Kevin Wheeler
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
390619790

AOS stock data

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Calendar

12 Feb 21
22 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from A.O. Smith earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Apr 21 Brown Ronald D RSU Common Stock Grant Aquire A No No 67.665 1,922 130.05K 62,319
13 Apr 21 Kadri Ilham Common Stock Grant Aquire A No No 67.665 1,922 130.05K 12,795
13 Apr 21 Rajendra Ajita G Common Stock Grant Aquire A No No 67.665 1,922 130.05K 11,985
13 Apr 21 Smith Bruce M Common Stock Grant Aquire A No No 67.665 1,922 130.05K 5,226
13 Apr 21 Smith Mark D Common Stock Grant Aquire A No No 67.665 1,922 130.05K 114,284
4 Mar 21 Rajendra Ajita G Common Stock Gift Dispose G No No 0 9,911 0 10,063
4 Mar 21 Rajendra Ajita G Common Stock Gift Dispose G Yes No 0 35,000 0 243,405
3 Mar 21 Rajendra Ajita G Common Stock Gift Dispose G Yes No 0 75,090 0 278,405
12 Feb 21 Smith Mark D Common Stock Gift Dispose G Yes No 0 316 0 8,956
12 Feb 21 Smith Mark D Common Stock Gift Aquire G Yes No 0 316 0 9,272

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 508 469 +8.3%
Opened positions 80 73 +9.6%
Closed positions 41 68 -39.7%
Increased positions 206 154 +33.8%
Reduced positions 159 172 -7.6%
13F shares
Current Prev Q Change
Total value 6.47B 6.32B +2.4%
Total shares 118M 119.64M -1.4%
Total puts 171.3K 97.2K +76.2%
Total calls 100.7K 238.9K -57.8%
Total put/call ratio 1.7 0.4 +318.1%
Largest owners
Shares Value Change
Vanguard 15.09M $827.14M +0.3%
BLK Blackrock 11.31M $619.92M +2.3%
STT State Street 8.47M $464.44M -0.3%
Brown Brothers Harriman & Co 5.19M $284.46M -17.6%
IVZ Invesco 3.79M $207.96M -1.3%
Pictet Asset Management 3.27M $179.42M +4.5%
MKFCF Mackenzie Financial 3.08M $169.06M +5.0%
Geode Capital Management 2.59M $141.65M -0.3%
WDR Waddell & Reed Financial 2.54M $139.21M +3.4%
Bessemer 2.47M $135.25M +0.7%
Largest transactions
Shares Bought/sold Change
Generation Investment Management 0 -3.14M EXIT
ValueAct 0 -2.09M EXIT
Norges Bank 1.53M +1.53M NEW
Brown Brothers Harriman & Co 5.19M -1.11M -17.6%
Fiduciary Management 553.35K -694.69K -55.7%
MS Morgan Stanley 1M +668.38K +200.6%
Ajo 31.68K -627.8K -95.2%
Nuveen Asset Management 1.14M +606.27K +113.4%
Handelsbanken Fonder AB 722.59K +489.8K +210.4%
WFC Wells Fargo & Co. 1.21M +413.3K +51.9%

Financial report summary

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Management Discussion
  • Our sales in 2020 were $2,895 million, a decline of 3.3 percent compared to our 2019 sales of $2,993 million. Compared to 2019, our sales decline in 2020 was primarily driven by lower sales in China and lower commercial water heater volumes, and reduced boiler sales in North America. The decreased sales in 2020 compared to the prior year more than offset higher water treatment volumes including incremental sales of $16 million from Water-Right, acquired on April 8, 2019 and higher residential water heater volumes in North America. In addition, our sales in China were favorably impacted by currency translation of approximately $9 million in 2020 compared to 2019, due to the appreciation of the Chinese currency compared to the U.S. dollar. Our sales in 2019 were $2,993 million, a decline of 6.1 percent compared to our 2018 sales of $3,188 million. The decrease in 2019 sales was primarily due to a 23 percent decline in China sales in U.S. dollar terms, which was largely a result of weaker end-market demand in the region, year over year channel inventory shifts, and a higher mix of sales of mid-price products versus premium price products than in the prior year. Excluding the unfavorable impact from currency translation, China sales declined 19 percent in 2019. The sales reduction in China in 2019 compared to 2018, more than offset the benefits of higher sales in North America, which were primarily a result of higher sales of water treatment products, including incremental sales from our Water-Right acquisition, and water heater pricing actions related to steel and freight cost increases. The increase in North America sales in 2019 compared to 2018, was partially offset by lower residential water heater volumes.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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Patents

GRANT
Utility
Control system for modulating water heater
23 Mar 21
A control system is provided for a modulated heating system including a plurality of modulating water heaters, which may be modulating boilers.
GRANT
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Methods and system for controlling a combination boiler
9 Feb 21
A combination boiler provides heated water to a boiler loop and domestic hot water (DHW) to a domestic water loop.
GRANT
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Boiler integrated control with non-linear outdoor reset methodology
28 Dec 20
A hydronic water heating system heats water for various types of heat emitters.
GRANT
Utility
Water purifier and water preparation method thereof
16 Nov 20
The present invention discloses a water purifier and a water production method thereof, relating to the technical field of water processing, the water purifier comprising: a reverse osmosis membrane device comprising a raw water port, a purified water port and a waste water port; a water storage device which is provided therein with a first chamber of which a volume can be adjusted, the first chamber being communicated with the raw water port and the purified water port, respectively; in the cleaning mode, the first chamber is disconnected from the purified water port, the first chamber is communicated with the raw water port, and the purified water flows into the first chamber from the raw water port of the reverse osmosis membrane device and is discharged from the waste water port of the reverse osmosis membrane device; in the water production mode, and the first chamber is communicated with the purified water port, the first chamber is disconnected from the raw water port.
GRANT
Utility
Electrochemical analysis device for reagentless detection
16 Nov 20
A system and method for treating water containing at least one contaminant.