Filing Flows › Smith A O (AOS) › Q1 2026
Smith A O (AOS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Smith A O (AOS) reported revenue of $946M for the first quarter 2026 (Q1 2026), -2% from a year earlier and +4% from the quarter before. Operating margin was 17.1%, net earnings $118M (12.5% of revenue).
Smith A O, Q1 2026: revenue $946M (-2% year over year), operating margin 17.1%, net earnings $118M, operating cash flow $129M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $946M | +4% | -2% |
| Gross profit | $366M | +4% | -3% |
| Operating profit | $162M | -0.7% | -12% |
| Net earnings | $118M | -6% | -14% |
| Operating cash flow | $129M | -29% | +234% |
| Free cash flow | $119M | -28% | +583% |
What changed
Revenue was $945.6M in Q1 2026, down 2% year over year and up 4% from the previous quarter. North America was the largest line at 79% of revenue. Rest of World lost $23.8M year over year (down 11%), 130% of the total change.
Gross margin was 38.7%, down 0.3 points from Q1 2025. Operating profit was $161.8M, a 17.1% margin (down 2.0 points year over year). Operating expenses grew 7% against a revenue fall of 2%. Net earnings were $118.0M, down 14% year over year. The effective tax rate was 23.7%.
Operating cash flow was $129.4M (up 234% year over year), 110% of net earnings. Non-cash charges added back $23.9M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items used $19.1M. Capital expenditures of $10.5M left free cash flow of $118.9M.
Questions
What was Smith A O's revenue in the first quarter 2026?
Smith A O (AOS) reported revenue of $946M for the first quarter 2026 (Q1 2026), -2% from a year earlier and +4% from the quarter before.
Was Smith A O profitable in the first quarter 2026?
Operating profit was $162M (17.1% of revenue) and net earnings $118M.
Source: Smith A O 10-Q on SEC EDGAR.