Form 10-Q · Quarterly report
A. O. Smith 10-Q, filed Jul 30, 2026
- Filed
- CIK
- 0000091142
- Accession no.
- 0000091142-26-000098
Summary
A. O. Smith's second-quarter 2026 net sales were $1,004.3 million, down from $1,011.3 million a year earlier, and net earnings fell to $124.9 million from $152.2 million. The company acquired Leonard Valve for $470 million in January 2026 and announced a restructuring in its North America water treatment business, while projecting full-year 2026 consolidated sales growth of 2% to 3%.
Key points
- A. O. Smith acquired LVC Holdco LLC (Leonard Valve) in January 2026 for $470 million, funded with a term loan; Leonard Valve contributed $16 million in second-quarter 2026 sales and is projected to contribute about $70 million in 2026 sales.
- Second-quarter 2026 net sales were $1,004.3 million versus $1,011.3 million a year earlier; net earnings were $124.9 million versus $152.2 million, and gross profit margin was 38.6% versus 39.3%.
- A restructuring plan in the North America water treatment business produced a $22.6 million second-quarter charge, mostly non-cash impairments, with projected annual savings of $6 million to $8 million beginning in 2027.
- China third-party sales fell 28% in local currency in the second quarter of 2026, and full-year 2026 China sales are projected to decline low double-digits in local currency.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2 - MANAGEMENT’S DISCUSSION Overview Our company is comprised of two reporting segments: North America and Rest of World. Our Rest of World segment is primarily comprised of China, India, and Europe. 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. Consistent with our stated strategic priorities, we continue to seek acquisitions that enable growth, expand our core business, and establish adjacencies. …
An excerpt of the text as filed with the SEC, cut for length.
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