Dividend Growth
In 2024, A. O. Smith increased its dividend for the 31st consecutive year. Over the past five years, it has increased its dividend at a compound annual growth rate of 8%.
A Global Leader with Innovative Technology
We are one of the world’s leading water heating and water treatment technology manufacturers. We are a $3.8 billion company with more than 150 years of history. We employ more than 12,700 individuals globally who pride themselves on providing the world with innovative solutions. We are committed to continuous improvement, not only in our factories and processes but also in our people.
A. O. Smith — At Our Core
North America Water Heaters & Boilers
We are the largest manufacturer and marketer of water heaters and boilers with leading share in both residential and commercial markets.
Stable and Consistent Replacement Demand for Products
Products see a significant reoccurring replacement cycle: 80% – 85% of water heater and boiler sales.
Focus on Energy Efficiency and Decarbonization
Increased focus on energy efficiency and decarbonization provide additional growth opportunities in both boilers and water heaters.
Resilient Business Model with Growth Opportunities
Expanding Organic Growth in China
In China, A. O. Smith is focused on the long term, supported by trends and innovation through connectivity.
Laying the Groundwork in India
In India, A. O. Smith is driving growth through innovation, building awareness and expanded distribution.