A.O. Smith Q2 2026 slides: North America growth offsets China drag

A. O. Smith Corporation reported its Q2 2026 results, showing strong North American performance balancing out weakness in China. The company beat analyst estimates for adjusted earnings and revenue, but shares fell due to narrowed full-year guidance and expectations for a weaker third quarter. Despite challenges like rising steel costs and China's declining market, A. O. Smith generated robust free cash flow and increased its share repurchase target.