AO Smith Reports Stable Q2 Sales, Reaffirms 2026 Outlook
- brg_news_room
- Aug 2
- 1 min read
UNITED STATES: AO Smith reported second-quarter 2026 net sales of US$1.0 billion, broadly unchanged from the previous year, while adjusted earnings per share declined 4% to US$1.03. North America sales increased 5% to US$821 million, supported by 3% organic growth, a 21% increase in boiler sales and a US$16 million contribution from the Leonard Valve acquisition. In contrast, Rest of World sales fell 19% to US$195 million, reflecting continued weakness in China's consumer appliance market, although cost-control measures helped limit the earnings impact. The company generated US$233 million in operating cash flow and US$254 million in free cash flow during the quarter. AO Smith reaffirmed its 2026 outlook, projecting 2–3% revenue growth, adjusted EPS of US$3.70–3.85, and increased its share repurchase target by 50% to US$300 million, citing confidence in the strength of its North American business.
Source: AO Smith
