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A. O. Smith Corporation (NYSE:AOS), a $10.2 billion market cap company with a "GOOD" financial health rating according to InvestingPro, disclosed Thursday that it will make changes to its executive leadership team, effective October 1. According to a press release statement and SEC filing, James F. Stern, currently Executive Vice President, General Counsel and Secretary, will transition to the role of Executive Vice President, Corporate Development, Strategy and Secretary. Stern will continue to report to the company’s Chief Executive Officer.
At the same time, Paul J. Jones, who currently serves as Vice President of Corporate Development and Strategy, will become Senior Vice President, General Counsel and Chief Compliance Officer, also reporting to the Chief Executive Officer.
The company, headquartered in Milwaukee, Wisconsin, made the announcement in a Form 8-K filed with the Securities and Exchange Commission. No additional financial statements or changes to compensatory arrangements were disclosed in the filing.
In other recent news, A.O. Smith Corporation reported impressive second-quarter 2025 financial results, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $1.07, exceeding the forecasted $0.98, and reported revenue of $1 billion, slightly above the anticipated $994.93 million. DA Davidson noted that A.O. Smith’s revenue and operating profit were $20 million and $13 million higher, respectively, than their previous estimates, with North American operations driving the outperformance. Stifel has reiterated its Buy rating for A.O. Smith, maintaining a price target of $89, while UBS raised its price target to $76, citing conservative guidance. UBS highlighted that despite facing incremental costs from steel and tariffs, pricing and higher volumes should still support year-over-year margin expansion. DA Davidson also maintained its Neutral rating with a $75 price target, observing stable demand across North American and global segments. These developments reflect a positive outlook for A.O. Smith amid ongoing market challenges.
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