A. O. Smith (NYSE:AOS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$902.6m (down 3.7% from 3Q 2023).

• Net income: US$120.1m (down 11% from 3Q 2023).

• Profit margin: 13% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.82 (down from US$0.90 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

A. O. Smith Revenues Disappoint

Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Building industry in the US.

Performance of the American Building industry.

The company's shares are down 3.4% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of A. O. Smith's balance sheet and an in-depth analysis of the company's financial position.

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