A. O. Smith sells majority stake in China business to CPE
The water technology company retains a 19% interest and signs a long-term brand license agreement valued at over $500 million.
Stay informed with the latest news and media coverage for the biggest companies in Appliances, Tools & Housewares. We track all announcements, press releases, and industry mentions in real time, all in one place. Looking for another sector? Browse our industry database.
Last updated
The water technology company retains a 19% interest and signs a long-term brand license agreement valued at over $500 million.
The company announced a $249 million loss, revised full-year EPS guidance to -$4.95, and maintained strict working capital management.
The company achieved 3.5% organic growth despite headwinds from tariffs and logistics costs, while strengthening its strategic partnership with Midea Group in North America.
Organic sales grew despite high tariffs and material costs. Operating income was SEK 607m. Midea joint ventures became operational.
Unlock all announcements with a free trial
Haier Smart Home Co., Ltd. reported earnings results for the nine months ended September 30, 2026. For the nine months, the company reported sales was...
A. O. SMITH CORPORATIONFull Year 2025 Net sales and Earnings before interest and taxes (EBIT) and EBIT margin(dollars in ...
A. O. Smith Corporation (AOS), a global water technology company, announced agreements to sell an 81% stake in its China business to alternative asset manager...
Whirlpool Corp slashed its full-year outlook for the third time this year with a loss per share of US$1.30 for 2026, citing a sluggish consumer...
Unlock all articles with a free trial
Track Every Market Move
Follow your target companies and get daily news updates delivered straight to your inbox
Start free trialBrowse the top companies in Appliances, Tools & Housewares and stay on top of their latest developments.