A. O. Smith Reports First Quarter 2026 Results and Lowers Full Year 2026 Outlook

First Quarter 2026 Highlights (Comparisons are year-over-year ("YoY"), unless otherwise noted) Sales of $946 million; net earnings of $118 million and diluted earnings per share (EPS) of $0.85 North America segment sales of $753.4 million increased 1% with the addition of Leonard Valve and pricing benefits offsetting softer water heater industry volumes and weather-related production and shipping constraints Rest of World segment sales of $200.7 million decreased 11% due to continued challenges in the consumer appliance market in China Net earnings decreased primarily as a result of lower volumes and transaction-related expenses recognized in the quarter for the Leonard Valve acquisition Strong growth in operating cash flow and free cash flow to $129 million and $119 million, respectively Primarily due to continued challenging conditions in China, 2026 full year EPS guidance lowered to: Diluted EPS of between $3.60 and $3.90 Adjusted EPS of between $3.70 and $4.00 MILWAUKEE, April 30, 2026 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE: AOS) today announced its first quarter 2026 results.