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.
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Manufacturer of water heating and treatment equipment
aosmith.comLast updated
In short: A. O. Smith sold 81% China stake, raised dividend 6% and trimmed 2026 outlook
The water technology company retains a 19% interest and signs a long-term brand license agreement valued at over $500 million.
He joins with over 25 years of leadership experience in the plumbing industry to advance residential sales strategy and support growth.
Wheeler will step down as executive chairman effective July 1. He will remain on the board of directors.
Sales reach $946 million, net earnings $118 million. Lowers full-year EPS outlook to $3.60-$3.90 due to China challenges.
A. O. Smith said it expects to classify the China business as held for sale and report it as discontinued operations beginning in the fourth...
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...
The company has been reviewing its China operations for about a year. Here is what is expected next on that front.
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