Feed - Buzzberg

14:00
Jul 30 ◎

AOS FY2026 Q2 Watch

A.O. Smith Corporation (AOS) FY2026 Q2 Earnings Call

JBHT FDX AOS ▾

Chuck Lauber

Transportation costs are rising meaningfully due to diesel surcharges and demand, alongside oil-based products like foam used in products. — Indicates freight cost inflation is a headwind for manufacturers, which could indicate stronger pricing power for transportation and logistics providers.

"we've seen a meaningful amount of increase in our transportation costs due to diesel surcharges and just demand in transportation being a little more costly"

JBHT WATCH FDX WATCH

Carrie Anderson

Guidance is lowered for the top end due to soft residential water heater demand in North America, but other businesses are on track. The tone is cautious, with Q3 expected to be weaker.

"We now expect full year sales growth of approximately 2% to 3% and adjusted EPS of $3.70 to $3.85 per share, compared with our prior outlook of 2% to 4% sales growth and adjusted EPS of $3.70 to $4 per share."

AOS WATCH

HIGH

14:00
Apr 30 ◎

AOS FY2026 Q1 Watch

A.O. Smith Corporation (AOS) FY2026 Q1 Earnings Call

AOS CWT ▾

Chuck

Management has lowered full-year guidance due to a weaker China outlook and a one-year delay in the DOE commercial efficiency rule, which removes expected customer pull-forward. The tone is cautious, with near-term cost pressures from steel and freight expected to hit Q2 margins before price increases take effect.

"So, you know, we're going to see a little pressure, costs before we see pricing in the second quarter. We'll see a little pressure in the second quarter. That'll be overcome in the third and fourth quarter with the pricing that we expect"

AOS WATCH

Kevin J. Wheeler

DOE will not enforce the new commercial water heater efficiency rule until October 2027, as announced last week. This removes a major pull-forward demand catalyst for the industry in 2026, which A.O. Smith is now modeling for. — The industry will face a year of weaker-than-expected commercial water heater demand, likely resulting in price competition and a slower ramp for new capacity investments.

"they issued, in essence, a letter that they would not be enforcing the rule until October of 2027. However, that might also change as things play out both in the court system as well as how DOE thinks about the rule going forward."

CWT WATCH

HIGH

15:00
Jan 29 ◎

AOS FY2025 Q4 Watch

A.O. Smith Corporation (AOS) FY2025 Q4 Earnings Call

AOS ▾

Steve Schaefer

Management's tone is cautiously neutral. Growth is expected to be muted due to persistent headwinds in residential wholesale and China, offset by strength in commercial, boilers, and water treatment.

"We project that 2026 U.S. residential industry unit volumes will be flat to down compared to 2025."

AOS WATCH

HIGH

Feed — Buzzberg