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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Mike Halloran | Robert W. Baird | 14 (0%) |
| Andy Kaplowitz | Citigroup | 12 (0%) |
| Bryan Blair | Oppenheimer | 12 (8%) |
| Jeff Hammond | KeyBanc Capital Markets | 11 (0%) |
| Scott Graham | Seaport Research Partners | 10 (10%) |
| Saree Boroditsky | Jefferies | 9 (33%) |
| Susan Maklari | Goldman Sachs | 8 (13%) |
| Nathan Jones | Stifel | 7 (0%) |
| David MacGregor | Longbow Research | 7 (0%) |
| Matt Summerville | D.A. Davidson | 6 (33%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Robert W. Baird | 1 | 14 (0%) |
| KeyBanc Capital Markets | 2 | 13 (0%) |
| Longbow Research | 2 | 13 (0%) |
| Citigroup |
| 1 |
| 12 (0%) |
| Oppenheimer | 1 | 12 (8%) |
| Stifel | 2 | 11 (0%) |
| Seaport Research Partners | 1 | 10 (10%) |
| Goldman Sachs | 2 | 10 (10%) |
A.O. Smith's first quarter of 2026 was a difficult one, with revenue declining 2% and EPS falling 11% as China weakness deepened, weather disrupted a key manufacturing facility, and Leonard Valve transaction costs weighed on earnings. Management lowered full-year EPS guidance by $0.15 at the midpoint, reflecting a deteriorating China outlook (now down low double digits), the DOE's one-year delay of commercial regulatory enforcement (eliminating expected prebuy), and accelerating steel and freight costs. The announced 4-7% North America price increases won't benefit results until Q3, creating a near-term margin squeeze. Bright spots included Leonard Valve's strong $16 million first-quarter contribution, wholesale channel share stabilization, and continued water treatment margin progress, but the overall quarter reflects a company navigating multiple simultaneous headwinds.
Demand | Competitive Dynamics | Margin | Revenue Growth | Trade Tariffs | Cost Pressure | M&A | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 5 | 4 | 6 | 1 | 4 | 2 | 2 |
| 2025Q1 | 7 | 3 | 1 | 1 | 10 | 2 | 5 | |
| 2025Q2 | 6 | 9 | 5 | 4 | 3 | 2 | 4 | 4 |
| 2025Q3 | 9 | 4 | 3 | 3 | 1 | 2 | 2 | 2 |
| 2025Q4 | 3 | 3 | 4 | 4 | 1 | 2 | 4 | |
| 2026Q1 | 6 | 3 | 1 | 1 | 4 | 2 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 5 | 7 | 6 | 9 | 3 | 6 |
| Competitive Dynamics | 5 | 3 | 9 | 4 | 3 | 3 |
| Margin | 4 | 1 | 5 | 3 | 4 | 1 |
| Revenue Growth | 6 | 1 | 4 | 3 | 4 | |
| Trade Tariffs | 1 | 10 | 3 | 1 | 1 | 1 |
| Cost Pressure | 4 | 2 | 2 | 2 | 2 | 4 |
| M&A | 2 | 4 | 2 | 4 | 2 | |
| Pricing | 2 | 5 | 4 | 2 | 2 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $912M | -7.7% | $0.75 | -18.5% | 37.1% | 17.1% | 12.0% | $191M |
| FY2025 Q1 | $964M | -1.5% | $0.95 | -5.0% | 38.9% | 19.0% | 14.2% | $17M |
| FY2025 Q2 | $1.01B | -1.3% | $1.07 | +0.9% | 39.3% | 20.4% | 15.0% | $123M |
| FY2025 Q3 | $943M | +4.4% | $0.94 | +14.6% | 38.7% | 18.6% | 14.0% | $241M |
| FY2025 Q4 | $913M | +0.0% | $0.90 | +20.0% | 38.4% | 18.0% | 13.7% | $166M |
| FY2026 Q1 | $946M | -1.9% | $0.85 | -10.5% | 38.7% | 17.1% | 12.5% | $119M |
| FY2026 Q2 | $1.00B | -0.7% | $0.91 | -15.0% | 38.6% | 16.7% | 12.4% | $114M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What AOS and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Leonard Valve contributed $16 million to sales in the first quarter of 2026, led by strong performance in the Valve's business. We exited the quarter with a strong backlog, and Leonard remains on track to achieve another year of double-digit growth.”
A. O. Smith reports its January 2026 acquisition Leonard Valve is delivering strong valve sales and double-digit growth, signaling a healthy integration and expanding water-management platform.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
AOS A. O. Smith | 1 | -1.9% | |
| AME Ametek | 8 | +11.3% | |
| CMI Cummins | 7 | +2.7% | |
| DOV Dover Corporation | 7 | +10.1% | |
| EMR Emerson Electric | 6 | +2.9% | |
| ETN Eaton Corporation | 8 | +16.8% | |
| GNRC Generac | 9 | +12.4% | |
| HWM Howmet Aerospace | 9 | +19.1% | |
| IEX IDEX Corporation | 8 | +8.9% | |
| IR Ingersoll Rand | 5 | +7.6% | |
| ITW Illinois Tool Works | 7 | +4.6% | |
| NDSN Nordson Corporation | 9 | +8.8% | |
| OTIS Otis Worldwide | 4 | +6.5% | |
| PH Parker Hannifin | 8 | +10.6% | |
| PNR Pentair | 6 | +2.6% | |
| ROK Rockwell Automation | 9 | +11.8% | |
| ROP Roper Technologies | 8 | +11.3% | |
| XYL Xylem Inc. | 5 | +2.7% |