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.
Synopsis
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A. O. Smith: Robust Water Heater Business But Lacks Margin Of Safety