A. O. Smith (AOS) Revenue — Quarter Ended Sep 30, 2024
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects a reversal from the growth seen in the preceding periods.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects a reversal from the growth seen in the preceding periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$902.6M
Revenue reported for this quarter.
Quarter-over-quarter
-11.9%
Change from the immediately preceding quarter.
Year-over-year
-3.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2023 | $988.1M | +5.6% |
| Mar 31, 2024 | $978.8M | +1.3% |
| Jun 30, 2024 | $1B | +6.6% |
| Sep 30, 2024 | $902.6M | -3.7% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, marking a sequential decline. Compared with the same quarter one year earlier, revenue also decreased.
Quarterly comparison
In the prior quarter, revenue had increased from the same period a year ago, but the current quarter reversed that trend with a decline on both a sequential and year-over-year basis.
What to watch
The filing notes that allowances for credit losses increased from year-end, which may warrant attention in future periods.