Subtext

A. O. Smith Corporation AOS

SectorIndustrials
Transcripts63
Date range2007-10-16 – 2025-04-29
Calls charted63

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-18-9+0+9+182007 Q32009 Q42013 Q32015 Q32017 Q32019 Q32021 Q32023 Q32007 Q3 · Overall: -5.02007 Q4 · Overall: +2.02008 Q1 · Overall: -7.92008 Q2 · Overall: -5.52008 Q3 · Overall: -3.62008 Q4 · Overall: -10.92009 Q2 · Overall: -0.72009 Q3 · Overall: +3.32009 Q4 · Overall: +2.62011 Q4 · Overall: +5.62012 Q1 · Overall: +3.82012 Q2 · Overall: +1.62012 Q3 · Overall: +13.22012 Q4 · Overall: +7.42013 Q1 · Overall: +6.82013 Q2 · Overall: +3.92013 Q3 · Overall: +4.02013 Q4 · Overall: +8.52014 Q1 · Overall: +7.92014 Q2 · Overall: +6.52014 Q3 · Overall: +7.52014 Q4 · Overall: +5.22015 Q1 · Overall: +8.72015 Q2 · Overall: +2.72015 Q3 · Overall: +0.62015 Q4 · Overall: -1.02016 Q1 · Overall: +2.02016 Q2 · Overall: +4.42016 Q3 · Overall: +3.72016 Q4 · Overall: +1.52017 Q1 · Overall: +3.72017 Q2 · Overall: +7.32017 Q3 · Overall: +6.92017 Q4 · Overall: +6.02018 Q1 · Overall: +3.52018 Q2 · Overall: +1.82018 Q3 · Overall: -1.32018 Q4 · Overall: +1.62019 Q1 · Overall: +2.22019 Q2 · Overall: -2.22019 Q3 · Overall: +0.62019 Q4 · Overall: -1.72020 Q1 · Overall: +0.52020 Q2 · Overall: +1.82020 Q3 · Overall: +4.92020 Q4 · Overall: +8.42021 Q1 · Overall: +7.92021 Q2 · Overall: +3.72021 Q3 · Overall: +14.42021 Q4 · Overall: +13.42022 Q1 · Overall: +11.32022 Q2 · Overall: +10.42022 Q3 · Overall: +10.02022 Q4 · Overall: +15.52023 Q1 · Overall: +11.62023 Q2 · Overall: +13.32023 Q3 · Overall: +9.42023 Q4 · Overall: +12.22024 Q1 · Overall: +6.92024 Q2 · Overall: +8.72024 Q3 · Overall: +1.42024 Q4 · Overall: +12.52025 Q1 · Overall: +7.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-27-14+0+14+272007 Q32009 Q42013 Q32015 Q32017 Q32019 Q32021 Q32023 Q32007 Q3 · CEO: -5.72007 Q4 · CEO: +9.62008 Q1 · CEO: -5.92008 Q2 · CEO: -2.32008 Q3 · CEO: -0.82008 Q4 · CEO: -5.72009 Q2 · CEO: +1.82009 Q3 · CEO: +8.42009 Q4 · CEO: +5.42011 Q4 · CEO: +10.42012 Q1 · CEO: +12.42012 Q2 · CEO: +7.52012 Q3 · CEO: +18.82012 Q4 · CEO: +9.12013 Q1 · CEO: +10.52013 Q2 · CEO: +3.32013 Q3 · CEO: +8.72013 Q4 · CEO: +19.82014 Q1 · CEO: +12.92014 Q2 · CEO: +14.62014 Q3 · CEO: +14.62014 Q4 · CEO: +16.22015 Q1 · CEO: +12.92015 Q2 · CEO: +6.02015 Q3 · CEO: +2.32015 Q4 · CEO: +2.22016 Q3 · CEO: +11.62016 Q4 · CEO: +6.22017 Q1 · CEO: +14.02017 Q2 · CEO: +14.92017 Q3 · CEO: +14.92017 Q4 · CEO: +9.42018 Q1 · CEO: +11.12018 Q2 · CEO: +11.32018 Q3 · CEO: +3.12018 Q4 · CEO: +6.32019 Q1 · CEO: +7.72019 Q2 · CEO: +1.52019 Q3 · CEO: +5.22019 Q4 · CEO: +8.72020 Q1 · CEO: +4.82020 Q2 · CEO: +5.42020 Q3 · CEO: +8.42021 Q1 · CEO: +9.72021 Q2 · CEO: +7.52021 Q3 · CEO: +17.62021 Q4 · CEO: +22.82022 Q1 · CEO: +15.82022 Q2 · CEO: +17.12022 Q3 · CEO: +15.52022 Q4 · CEO: +23.52023 Q1 · CEO: +23.22023 Q2 · CEO: +20.72023 Q3 · CEO: +21.12023 Q4 · CEO: +22.82024 Q1 · CEO: +18.02024 Q2 · CEO: +15.92024 Q3 · CEO: +6.52024 Q4 · CEO: +15.02025 Q1 · CEO: +10.42007 Q3 · CFO: -1.22007 Q4 · CFO: -8.82008 Q1 · CFO: -16.22008 Q2 · CFO: +6.82008 Q3 · CFO: -6.52008 Q4 · CFO: -19.32009 Q2 · CFO: -2.12009 Q3 · CFO: +7.42009 Q4 · CFO: +1.92011 Q4 · CFO: +4.32012 Q1 · CFO: +0.82012 Q2 · CFO: +7.92012 Q3 · CFO: +14.02012 Q4 · CFO: +15.82013 Q1 · CFO: +13.52013 Q2 · CFO: +7.52013 Q3 · CFO: +7.22013 Q4 · CFO: +8.92014 Q1 · CFO: +7.82014 Q2 · CFO: +5.62014 Q3 · CFO: +7.62014 Q4 · CFO: +3.62015 Q1 · CFO: +5.62015 Q2 · CFO: +7.02015 Q3 · CFO: +2.82015 Q4 · CFO: +2.82016 Q3 · CFO: +1.62016 Q4 · CFO: +1.62017 Q1 · CFO: +4.82017 Q2 · CFO: +5.72017 Q3 · CFO: +9.42017 Q4 · CFO: +7.72018 Q1 · CFO: +5.52018 Q2 · CFO: +2.32018 Q3 · CFO: -1.22018 Q4 · CFO: +2.82019 Q1 · CFO: +5.62019 Q2 · CFO: -3.22019 Q3 · CFO: -3.82019 Q4 · CFO: -6.52020 Q1 · CFO: +4.22020 Q2 · CFO: +3.12020 Q3 · CFO: +4.52021 Q1 · CFO: +9.22021 Q2 · CFO: +5.42021 Q3 · CFO: +19.62021 Q4 · CFO: +11.62022 Q1 · CFO: +8.32022 Q2 · CFO: +11.12022 Q3 · CFO: +12.32022 Q4 · CFO: +13.52023 Q1 · CFO: +11.22023 Q2 · CFO: +11.12023 Q3 · CFO: +5.22023 Q4 · CFO: +9.72024 Q1 · CFO: +10.12024 Q2 · CFO: +11.62024 Q3 · CFO: +8.32024 Q4 · CFO: +6.22025 Q1 · CFO: +8.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-41-21+0+21+412007 Q32009 Q42013 Q32015 Q32017 Q32019 Q32021 Q32023 Q32007 Q3 · Prepared remarks: -8.82007 Q4 · Prepared remarks: -8.42008 Q1 · Prepared remarks: -10.32008 Q2 · Prepared remarks: -0.72008 Q3 · Prepared remarks: -7.52008 Q4 · Prepared remarks: -17.32009 Q2 · Prepared remarks: +0.92009 Q3 · Prepared remarks: +7.32009 Q4 · Prepared remarks: +3.02011 Q4 · Prepared remarks: +9.62012 Q1 · Prepared remarks: +35.92012 Q2 · Prepared remarks: +18.82012 Q3 · Prepared remarks: +16.02012 Q4 · Prepared remarks: +12.82013 Q1 · Prepared remarks: +9.82013 Q2 · Prepared remarks: +4.22013 Q3 · Prepared remarks: +9.92013 Q4 · Prepared remarks: +12.62014 Q1 · Prepared remarks: +12.82014 Q2 · Prepared remarks: +15.12014 Q3 · Prepared remarks: +14.32014 Q4 · Prepared remarks: +10.32015 Q1 · Prepared remarks: +13.92015 Q2 · Prepared remarks: +12.52015 Q3 · Prepared remarks: +5.62015 Q4 · Prepared remarks: +3.12016 Q1 · Prepared remarks: +3.62016 Q2 · Prepared remarks: +4.72016 Q3 · Prepared remarks: +8.22016 Q4 · Prepared remarks: +7.12017 Q1 · Prepared remarks: +7.12017 Q2 · Prepared remarks: +10.72017 Q3 · Prepared remarks: +12.42017 Q4 · Prepared remarks: +12.52018 Q1 · Prepared remarks: +4.12018 Q2 · Prepared remarks: +4.12018 Q3 · Prepared remarks: -2.92018 Q4 · Prepared remarks: +1.52019 Q1 · Prepared remarks: +5.92019 Q2 · Prepared remarks: -7.92019 Q3 · Prepared remarks: -1.22019 Q4 · Prepared remarks: -7.02020 Q1 · Prepared remarks: -0.42020 Q2 · Prepared remarks: -12.62020 Q3 · Prepared remarks: -2.12020 Q4 · Prepared remarks: +5.82021 Q1 · Prepared remarks: +8.42021 Q2 · Prepared remarks: +0.62021 Q3 · Prepared remarks: +22.22021 Q4 · Prepared remarks: +22.12022 Q1 · Prepared remarks: +21.62022 Q2 · Prepared remarks: +22.42022 Q3 · Prepared remarks: +16.12022 Q4 · Prepared remarks: +22.02023 Q1 · Prepared remarks: +19.92023 Q2 · Prepared remarks: +14.72023 Q3 · Prepared remarks: +16.62023 Q4 · Prepared remarks: +12.62024 Q1 · Prepared remarks: +34.22024 Q2 · Prepared remarks: +17.02024 Q3 · Prepared remarks: +7.32024 Q4 · Prepared remarks: +16.92025 Q1 · Prepared remarks: +11.72007 Q3 · Q&A responses: -2.92007 Q4 · Q&A responses: +12.12008 Q1 · Q&A responses: -5.72008 Q2 · Q&A responses: -5.52008 Q3 · Q&A responses: +2.92008 Q4 · Q&A responses: -5.52009 Q2 · Q&A responses: -0.92009 Q3 · Q&A responses: +8.42009 Q4 · Q&A responses: +4.52011 Q4 · Q&A responses: +6.12012 Q1 · Q&A responses: +5.82012 Q2 · Q&A responses: +3.82012 Q3 · Q&A responses: +17.92012 Q4 · Q&A responses: +10.72013 Q1 · Q&A responses: +8.82013 Q2 · Q&A responses: +5.82013 Q3 · Q&A responses: +4.72013 Q4 · Q&A responses: +11.72014 Q1 · Q&A responses: +10.82014 Q2 · Q&A responses: +4.22014 Q3 · Q&A responses: +8.92014 Q4 · Q&A responses: +8.22015 Q1 · Q&A responses: +8.32015 Q2 · Q&A responses: +2.92015 Q3 · Q&A responses: +1.52015 Q4 · Q&A responses: +2.12016 Q1 · Q&A responses: +5.22016 Q2 · Q&A responses: +8.32016 Q3 · Q&A responses: +3.92016 Q4 · Q&A responses: +0.52017 Q1 · Q&A responses: +11.52017 Q2 · Q&A responses: +6.62017 Q3 · Q&A responses: +10.12017 Q4 · Q&A responses: +4.42018 Q1 · Q&A responses: +7.02018 Q2 · Q&A responses: +4.82018 Q3 · Q&A responses: +2.22018 Q4 · Q&A responses: +5.22019 Q1 · Q&A responses: +6.02019 Q2 · Q&A responses: +3.82019 Q3 · Q&A responses: +3.12019 Q4 · Q&A responses: +8.52020 Q1 · Q&A responses: +6.82020 Q2 · Q&A responses: +12.92020 Q3 · Q&A responses: +10.22020 Q4 · Q&A responses: +13.12021 Q1 · Q&A responses: +8.42021 Q2 · Q&A responses: +8.42021 Q3 · Q&A responses: +13.72021 Q4 · Q&A responses: +11.32022 Q1 · Q&A responses: +9.72022 Q2 · Q&A responses: +7.32022 Q3 · Q&A responses: +12.12022 Q4 · Q&A responses: +15.42023 Q1 · Q&A responses: +16.52023 Q2 · Q&A responses: +13.02023 Q3 · Q&A responses: -4.02023 Q4 · Q&A responses: +19.02024 Q1 · Q&A responses: +11.22024 Q2 · Q&A responses: +12.42024 Q3 · Q&A responses: +6.42024 Q4 · Q&A responses: +13.62025 Q1 · Q&A responses: +8.4
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.94$2.73$4.522007 Q32009 Q42013 Q32015 Q32017 Q32019 Q32021 Q32023 Q32014 Q1: $1.192014 Q2: $1.252014 Q3: $1.322014 Q4: $1.372015 Q1: $1.442015 Q2: $1.522015 Q3: $1.712015 Q4: $1.772016 Q1: $1.812016 Q2: $1.862016 Q3: $1.982016 Q4: $2.072017 Q1: $2.132017 Q2: $2.222017 Q3: $2.292017 Q4: $2.392018 Q1: $2.652018 Q2: $2.762018 Q3: $2.852018 Q4: $2.812019 Q1: $2.772019 Q2: $2.812019 Q3: $2.612019 Q4: $2.492020 Q1: $2.372020 Q2: $2.032020 Q3: $2.152020 Q4: $2.372021 Q1: $2.592021 Q2: $2.852021 Q3: $3.112021 Q4: $3.472022 Q1: $3.622022 Q2: $3.682022 Q3: $3.632022 Q4: $3.212023 Q1: $3.392023 Q2: $3.582023 Q3: $3.792023 Q4: $4.012024 Q1: $4.132024 Q2: $4.212024 Q3: $4.272024 Q4: $4.06

Forward P/E

13.4820.0826.672007 Q32009 Q42013 Q32015 Q32017 Q32019 Q32021 Q32023 Q32014 Q1: 19.532014 Q2: 19.972014 Q3: 18.902014 Q4: 19.752015 Q1: 22.622015 Q2: 24.132015 Q3: 20.562015 Q4: 22.082016 Q1: 20.262016 Q2: 22.422016 Q3: 23.222016 Q4: 23.892017 Q1: 24.332017 Q2: 25.612017 Q3: 25.252017 Q4: 25.512018 Q1: 24.642018 Q2: 23.262018 Q3: 21.272018 Q4: 15.202019 Q1: 18.532019 Q2: 16.102019 Q3: 18.682019 Q4: 18.932020 Q1: 16.202020 Q2: 23.492020 Q3: 24.042020 Q4: 23.242021 Q1: 25.762021 Q2: 24.042021 Q3: 22.032021 Q4: 24.112022 Q1: 18.622022 Q2: 15.232022 Q3: 14.392022 Q4: 18.342023 Q1: 19.682023 Q2: 19.422023 Q3: 17.722023 Q4: 19.832024 Q1: 20.872024 Q2: 19.982024 Q3: 19.412024 Q4: 16.97

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -2.2 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -6.0 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -2.1 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -2.2 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -2.5 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -3.1 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↑ +2.9 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2019 Q2 tone ↓ -4.4 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↑ +2.8 fwd EPS ↓ -0.20 Tone rose while the forward EPS estimate was cut.
  • 2020 Q1 tone ↑ +2.2 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.
  • 2021 Q2 tone ↓ -4.2 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -2.2 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +5.5 fwd EPS ↓ -0.42 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↓ -4.0 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -3.9 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -5.4 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -7.3 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↑ +11.1 fwd EPS ↓ -0.21 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29+7.0——View →
2024 Q42025-01-30+12.5$4.0617.0View →
2024 Q32024-10-22+1.4$4.2719.4View →
2024 Q22024-07-23+8.7$4.2120.0View →
2024 Q12024-04-25+6.9$4.1320.9View →
2023 Q42024-01-30+12.2$4.0119.8View →
2023 Q32023-10-26+9.4$3.7917.7View →
2023 Q22023-07-27+13.3$3.5819.4View →