A.o. Smith Corporation · NYSE:AOS
A.o. Smith — Merger or Acquisition (October 2026)
7 slides from A.o. Smith's merger presentation, Oct 27, 2026
Slide 1: CPE to Acquire Majority Interest in China Business
CPE to Acquire Majority Interest in China Business October 27, 2026
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains statements that we believe are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements generally can be identified by the use of words such as “may,” “will,” “expect,” “
Slide 3: Majority Sale of China Business Unlocks Value for Shareholders
Majority Sale of China Business Unlocks Value for Shareholders • Announced definitive agreements on October 27, 2026, with CPE, a leading China- based alternative asset manager, to acquire a majority interest in the China business Will Exit Majority Transaction • Completes the strategic review of th
Slide 4: North American Focused Water Platform with Enhanced Growth & Margins
North American Focused Water Platform with Enhanced Growth & Margins Historical Excluding China(2) Retains scale with market 2025 Revenue $3.8B $3.2B leading positions 2025 Revenue Growth 0% 3% Raises growth profile Improves EBIT margin by 2025 EBIT Margin 19% 21% ~200bps India (4%) Europe (1%) Euro
Slide 5: Sharper Focus. Higher Margins. Investing Where We Win.
Sharper Focus. Higher Margins. Investing Where We Win. Portfolio Priorities How We Create Value Leader in North American Water Heating and Boilers 1 Leading residential and commercial share, earned through innovation and deep customer relationships • Resilient, replacement-driven demand (80–85% of s
Slide 6: Appendix
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Slide 7: 2025 Net Sales and Earnings before interest and taxes (EBIT) and EBIT Margin
2025 Net Sales and Earnings before interest and taxes (EBIT) and EBIT Margin ($ in Millions) 77