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AOS - A. O. Smith: Robust Water Heater Business But Lacks Margin Of Safety
A.O. Smith Corporation
2024-05-14 11:15:35 ET
Summary
A. O. Smith's net sales have shown strong growth over the past three years, with modest expansion in profit margins in 2023.
The company's core North America water heater business is expected to remain robust, and the acquisition of Impact Water Products is expected to bolster its water treatment business.
When compared to peers, AOS outperformed them in terms of growth outlook and profitability margins. However, its current share price does not provide sufficient margin of safety.