Business Description

A. O. Smith Corporation is a leading global manufacturer of residential and commercial water heaters, boilers, and water treatment products. Headquartered in Milwaukee, Wisconsin, the company operates primarily in North America, China, India, and Europe. It is known for its prominent market share in North American water heating and its strategic expansion into water purification solutions.

Everything on A. O. Smith Corporation

01

Acquisitions

Full M&A history — every deal, price and rationale.
12 deals
02

Financials

Income statement, balance sheet, cash flow and quarterly trend.
Rev $3.83B
03

Earnings Transcripts

Quarter-by-quarter call transcripts.
4 transcripts · Q1 2026
04

People

Leadership team and board.
View

Financials

View financials ↗
Revenue (FY2025) $3.83B
YoY growth +0.3%
Operating margin 19.0%
Direction Expanding
Gross margin 38.8%
Net margin 14.3%

Earnings Transcripts

View all transcripts ↗
Q1 2026 View transcript ↗ Q4 2025 View transcript ↗ Q3 2025 View transcript ↗ Q2 2025 View transcript ↗

Leadership & board

View leadership ↗
Stephen M. Shafer — President and Chief Executive Officer View full profile ↗ Kevin J. Wheeler — Executive Chairman View full profile ↗ Todd W. Fister — Chief Financial Officer, Owens Corning View full profile ↗ Victoria M. Holt — Retired President and Chief Executive Officer, Proto Labs, Inc. View full profile ↗ Michael M. Larsen — Senior Vice President and Chief Financial Officer, Illinois Tool Works, Inc. View full profile ↗ Dr. Ilham Kadri — Retired Chief Executive Officer and Director, Syensqo S.A. View full profile ↗ Christopher L. Mapes — Retired Executive Chairman, Lincoln Electric Holdings, Inc. View full profile ↗ Lois M. Martin — Chief Financial Officer, Mortenson Companies, Inc. View full profile ↗ Aaron W. Saak — President and Chief Executive Officer, Crane NXT, Co. View full profile ↗ Mark D. Smith — Retired Business Manager, Strattec Security Corporation View full profile ↗ Charles T. Lauber — Executive Vice President and Chief Financial Officer View full profile ↗ James F. Stern — Executive Vice President, Corporate Development, Strategy and Secretary View full profile ↗ Ming Cheng — Senior Vice President and Chief Technology Officer View full profile ↗ Christopher T. Howe — Senior Vice President and Chief Digital Information Officer View full profile ↗ Samuel M. Carver — Senior Vice President – Global Operations View full profile ↗ Paul J. Jones — Senior Vice President, General Counsel and Chief Compliance Officer View full profile ↗ D. Samuel Karge — Senior Vice President; President – North America Water Treatment View full profile ↗ Parag Kulkarni — Senior Vice President, International View full profile ↗ Stephen D. O'Brien — Senior Vice President; President and General Manager – North America Water Heating View full profile ↗ Jack Qiu — Senior Vice President; President – A. O. Smith China View full profile ↗ Darrell W. Schuh — Senior Vice President; President – Lochinvar, LLC View full profile ↗ Curtis E. Selby — Senior Vice President – Human Resources and Public Affairs View full profile ↗

Share Repurchase Program

Total authorized
Open-ended discretionary share repurchase program (Rule 10b5-1 plans plus open-market purchases); the Board added 5,000,000 shares in 2025 and another 5,000,000 shares on January 28, 2026
Remaining (FY2025)
5,545,241 shares available as of January 28, 2026 (803,524 shares remaining at December 31, 2025)
Latest FY repurchased
$400.8 million (5,942,601 shares at an average price of $67.44)

Named Competitors

RheemBradford WhiteRinnaiNavienAercoCulliganKineticoPentairFranklin ElectricEcoWaterHaier/CasarteMidea/COLMOAngelTrulivaRacoldBajajHavellsEureka ForbesKent +7 more

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