A. O. Smith Corp - Company Profile
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Business Description
A. O. Smith Corp (AO Smith) is a water technology company, which manufactures and markets water heaters, boilers, tanks, and water treatment products. It also provides in-home air purification products. The company markets products under the A. O. Smith, Lochinvar, and Aquasana brands. The company primarily operates through two segments: North America and the Rest of the World. The major product lines include Boilers and Related Parts, Water Heaters and Related Parts, and Water Treatment Products.
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R&D Overview
AO Smith conducts R&D to enhance competitiveness by generating new products and processes. The company's R&D initiatives are carried out at the Corporate Technology Center in Milwaukee, Wisconsin, the Global Engineering Center in Nanjing, China, and various operating locations. These centers are responsible for managing the company's R&D activities and contributing to the development of new products and processes. In FY2024, the company spent US$101.7 million on R&D, which accounted for 2.7% of the company’s revenue and increased by 4.3%.
Product Categories
Overview
Offers commercial and residential boilers ranging from 45,000 British Thermal Units (BTUs) to 6 million BTUs. Products are sold primarily in North America and are used in space heating or hydronic heating. Used in applications for hospitals, residences, hotels, schools, and other large commercial buildings.
Performance
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Performance
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Overview
Offers commercial and residential water heaters ranging from 40 to 80-gallon models, 2.5-gallon (point-of-use) models to 2,500 gallons. Products are sold primarily in North America and form part of the North America segment. Also, offers natural gas and electric (tank-less), liquid propane tank-type models, and heat pump and solar tank units. Used in restaurants, residences, office buildings, hotels and motels, laundries, schools, car washes and small businesses.
Performance
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Overview
Offers point-of-entry water softeners, whole-home water filtration products including point-of-use carbon and reverse osmosis products and whole-home water filtration products to on-the-go filtration bottles, and solutions for problem well water. Also, offers a complete line of commercial water treatment and filtration products. Used in restaurants, hotels, residences and offices.
Performance
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Geographical Segments
Overview
Consists of three product categories; Boilers and related Parts, Water Heaters and related Parts and Water Treatment Products. Operates manufacturing facilities across the US and provides electric and gas heating solutions, boilers, tanks and water treatment products for the residential and commercial sectors. Markets products primarily in the US. In FY2024, the capital expenditure of the segment stood at US$100.3 million, which grew 72.0% YoY.
Performance
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Overview
Reports sales in China, Europe and India. Offers residential and commercial gas, heat pumps and electric water heaters, boilers, tanks, and water treatment products. In FY2024, the capital expenditure of the segment stood at US$7.6 million, which decreased 30.9% YoY.
Performance
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