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A.O. Smith (AOS)

A. O. Smith Corporation, with headquarters in Milwaukee, Wis., is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. The Company is one of the world's leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment and air purification products.

Company profile

Ticker
AOS
Exchange
Website
CEO
Kevin Wheeler
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
AOS Holding Company • A. O. Smith Water Treatment (North America) Holdings, Inc. • SICO Acquisition, LLC • Takagi - A. O. Smith Tankless Water Heater Company LLC • Mineral-Right, Inc. • American Water Heater Company • Hague Europe, LLC • Master Water Conditioning Corporation • Lochinvar, LLC • State Industries, LLC. ...
IRS number
390619790

AOS stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$61.75
Low target
$58.00
High target
$65.00
Citigroup
Maintains
Neutral
$65.00
29 Jul 22
Stifel
Maintains
Hold
$58.00
20 Jul 22
Baird
Downgraded
Neutral
$60.00
14 Jul 22
UBS
Maintains
Neutral
$64.00
20 May 22

Calendar

29 Jul 22
19 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 359.4M 359.4M 359.4M 359.4M 359.4M 359.4M
Cash burn (monthly) 15.47M 7.12M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 26.02M 11.97M n/a n/a n/a n/a
Cash remaining 333.38M 347.43M n/a n/a n/a n/a
Runway (months of cash) 21.6 48.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 May 22 Samuel M. Carver Common Stock Sell Dispose S No No 59.5701 2,000 119.14K 5,144
1 May 22 Daniel L Kempken Common Stock Payment of exercise Dispose F No No 59.335 200 11.87K 8,343
1 May 22 Daniel L Kempken Common Stock Option exercise Acquire M No No 59.335 425 25.22K 8,543
1 May 22 Daniel L Kempken RSU Common Stock Option exercise Dispose M No No 59.335 425 25.22K 2,980
1 May 22 Charles T Lauber Common Stock Payment of exercise Dispose F No No 59.335 894 53.05K 29,490
1 May 22 Charles T Lauber Common Stock Option exercise Acquire M No No 59.335 1,900 112.74K 30,384
1 May 22 Charles T Lauber RSU Common Stock Option exercise Dispose M No No 59.335 1,900 112.74K 18,385
12 Apr 22 Wolf Idelle K Common Stock Grant Acquire A No No 64.82 2,160 140.01K 49,238
12 Apr 22 Brown Ronald D RSU Common Stock Grant Acquire A No No 64.82 2,160 140.01K 65,522
13F holders Current Prev Q Change
Total holders 521 572 -8.9%
Opened positions 51 80 -36.3%
Closed positions 102 72 +41.7%
Increased positions 210 222 -5.4%
Reduced positions 199 189 +5.3%
13F shares Current Prev Q Change
Total value 8.25B 7.5B +10.1%
Total shares 116M 119.13M -2.6%
Total puts 77.5K 162.6K -52.3%
Total calls 52.4K 118.5K -55.8%
Total put/call ratio 1.5 1.4 +7.8%
Largest owners Shares Value Change
Vanguard 14.79M $808.46M -0.5%
BLK Blackrock 10.05M $549.46M +4.1%
STT State Street 8.58M $469.12M +10.0%
Pictet Asset Management 4.33M $236.93M +3.2%
IPXAF Impax Asset Management 3.93M $214.94M +20.0%
Brown Brothers Harriman & Co 3.43M $187.34M +1.3%
Geode Capital Management 3.15M $172.01M +9.1%
IVZ Invesco 2.9M $158.74M -3.2%
ProShare Advisors 2.59M $141.36M +29.5%
Robecosam 2.48M $0 +7.9%
Largest transactions Shares Bought/sold Change
Robeco Institutional Asset Management B.V. 133.7K -2.2M -94.3%
CFS Investment Advisory Services 23.01K -1.69M -98.7%
LGEN Legal & General 0 -880.5K EXIT
STT State Street 8.58M +782.11K +10.0%
IPXAF Impax Asset Management 3.93M +656.39K +20.0%
Parametric Portfolio Associates 0 -651.67K EXIT
MKFCF Mackenzie Financial 48.04K -622.72K -92.8%
ProShare Advisors 2.59M +589.34K +29.5%
MS Morgan Stanley 1.26M +506.81K +66.9%
BLK Blackrock 10.05M +394.69K +4.1%

Financial report summary

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Management Discussion
  • Our company is comprised of two reporting segments: North America and Rest of World. Our Rest of World segment is primarily comprised of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products. Both segments primarily manufacture and market in their respective region of the world.
  • We continue to seek acquisitions that enable geographic growth, expand our core business, and establish adjacencies. Consistent with this strategy, we acquired Giant Factories, Inc. (Giant), a Canada-based manufacturer of residential and commercial water heaters using a combination of debt and cash. The acquisition fits squarely in our core capabilities, supplements our presence in Canada and enhances our capacity and distribution in the region. Giant contributed $31.0 million and $63.0 million of sales in the second quarter and first half of 2022, respectively. Refer to Note 3, "Acquisitions" for additional information. We will also continue to look for opportunities to add to our existing operations in high growth regions demonstrated by our previous introductions of water treatment products in India and range hoods and cooktops in China.
  • Our global supply chain management team continued to navigate through supply chain and logistics challenges in the first half of 2022. We have seen supply constraints for certain components and raw materials used in our operations, limited container and trucking capacity, and port congestion and delays. While we saw improvement in our supply chain as we closed out the second quarter, challenges still persist. In addition, while steel indices moderated in the first half of 2022, commodity prices and availability remain volatile. We remain in close contact with our suppliers and logistics providers to troubleshoot, manage and resolve bottlenecks, as the environment remains unpredictable.

Content analysis

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