A.O Smith

Q2 FY2026 EarningsQ2 FY2026 results showed a mix against consensus: revenue of $1.00B slightly beat the $994.9M estimate, but GAAP EPS of $0.91 missed the $0.94 midpoint and $0.89 mean expectations when excluding adjustments. North America organic growth (+3%) was offset by a sharp 19% decline in Rest of World sales, driven by prolonged weakness in China. Management narrowed FY2026 adjusted EPS guidance to $3.70–$3.85 (down from the previous $4.00 high end) and increased the share repurchase target by 50% to $300M, signaling confidence in cash flow despite macro headwinds.