All Releases
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A.O. Smith Completes MagneTek Motor Acquisition
Aug 2, 1999
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MILWAUKEE, Wis., Aug. 2 -- A.O. Smith Corporation (NYSE: AOS, Amex: SMCA) today completed the acquisition of MagneTek Inc.'s (NYSE: MAG) world-wide electric motor operations.
The acquisition significantly strengthens A.O. Smith's position in a number of fractional horsepower motor market segments and will triple the size of the company's r...
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A.O. Smith Second Quarter Earnings Increase 13 Percent To $.59 Per Share
Jul 16, 1999
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MILWAUKEE, Wis., July 16 -- Record-setting performance by the company's Electric Motor Technologies platform enabled A.O. Smith Corporation (NYSE: AOS(Amex: SMC) to earn $.59 per share in the second quarter.
Net earnings for the Milwaukee-based manufacturer increased to $13.9 million compared with 1998 second quarter net earnings of $12.6...
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A.O. Smith to Acquire MagneTek Motor Operations
Jun 28, 1999
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MILWAUKEE, Wis., June 28 -- A.O. Smith Corporation (NYSE: AOS; Amex: SMCA) has reached a definitive agreement to acquire the worldwide motor operations of MagneTek, Inc. (NYSE: MAG) for approximately $250 million.
The sale is expected to close at the end of July.
The acquisition would be the largest in A.O. Smith's 125-year histor...
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A.O. Smith Corporation Declares Quarterly Dividend
Jun 9, 1999
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MILWAUKEE, June 9 -- Directors of A.O. Smith Corporation (NYSE: AOS; Amex: SMCA) today declared a regular quarterly cash dividend of $.12 per share on Common Stock and Class A Common Stock payable August 16, 1999 to shareholders of record July 30, 1999.
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A.O. Smith Declares Quarterly Dividend
Apr 15, 1999
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MILWAUKEE, April 15 -- Directors of A.O. Smith Corporation (NYSE: AOS, AMEX: SMCA) today declared a regular quarterly cash dividend of $.12 per share on Common Stock and Class A Common Stock.
The dividend is payable May 17, 1999 to shareholders of record April 30, 1999.
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A.O. Smith Announces First Quarter Earnings of $.48 Per Share, a 17 Percent Increase Over First Quarter of 1998
Apr 15, 1999
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MILWAUKEE, April 15 -- A.O. Smith Corporation (NYSE: AOS, Amex: SMCA), continuing to benefit from the strong performance of its two largest technology platforms, today announced first quarter earnings of $.48 per share.
Earnings per share increased 17 percent over first quarter 1998 earnings of $.41 per share. Net earnings for the Milwauke...
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A.O. Smith Declares Dividend
Jan 19, 1999
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MILWAUKEE, Jan. 19 -- Directors of A.O. Smith Corporation (NYSE: AOS; Amex: SMCA) today declared a regular quarterly cash dividend of $.12 per share on Common Stock and Class A Common Stock payable February 16, 1999 to shareholders of record January 29, 1999. ...
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A.O. Smith Earnings of $1.84 Per Share Set Record; Fourth Quarter Earnings Increase 18 Percent to $.45 Per Share
Jan 19, 1999
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MILWAUKEE, Wis., Jan. 19 -- Propelled by the performance of
its two largest operating units, A.O. Smith Corporation
(NYSE: AOS; Amex: SMCA) today announced record 1998 earnings of $44.5 million
or $1.84 per share.
Per share earnings were more than 38 percent higher than the $1.33 per
share earned in 1997. Earnings from continuing ...
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A.O. Smith Reports Record Third Quarter Earnings of $.46 Per Share and Issues Outlook for 1999
Oct 13, 1998
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MILWAUKEE, Oct. 13 -- A. 0. Smith Corporation (NYSE: AOS;
Amex: SMCA) today announced record third quarter earnings per share of $.46, a
39 percent increase over 1997 third quarter earnings of $.33.
Third quarter earnings increased nearly 22 percent to $11.0 million
compared with the $9.0 million earned in last year's third quarter....
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A.O. Smith Corporation Declares Dividend
Oct 6, 1998
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MILWAUKEE, Oct. 6 -- Directors of A.O. Smith Corporation (NYSE: AOS; Amex: SMCA) today declared a regular quarterly cash dividend of $.12 per share on Common Stock and Class A Common Stock payable November 16, 1998 to shareholders of record October 30, 1998. ...
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A.O. Smith Names Two New Directors
Aug 11, 1998
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MILWAUKEE, Aug. 11 -- A.O. Smith Corporation
(NYSE: AOS; Amex: SMCA) today named William F. Buehler and Robert N.
Pokelwaldt to its Board of Directors.
Buehler, 58, is executive vice president-business operations with Xerox
Corporation of Stamford, Conn., a position he has held since 1997. In this
assignment, he is responsible for ...
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A.O. Smith Second Quarter Earnings Per Share Increase 28 Percent to $.78 Per Share
Jul 15, 1998
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MILWAUKEE, July 15 -- A.O. Smith Corporation
(NYSE: AOS; Amex: SMC) today announced second quarter 1998 earnings per share
of $.78, a 28 percent increase over 1997 second quarter earnings of $.61 per
share. The company reported earnings from continuing operations of
$12.6 million, an eight percent increase over 1997 second quarter earnings of
...
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A.O. Smith Completes Purchase of GE Compressor Motor Business
Jul 2, 1998
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MILWAUKEE, July 2 -- A.O. Smith Corporation
(NYSE: AOS; Amex: SMC) today completed the acquisition of General Electric
Company's (NYSE: GE) domestic compressor motor business from the GE Industrial
Controls Systems Division for $120 million.
GE's compressor motor operations, based in Scottsville, Ky., includes a
250,000 square foot...
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A.O. Smith Announces Three for Two Stock Split; Increases Quarterly Dividend Six Percent
Jun 9, 1998
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MILWAUKEE, June 9 -- The A.O. Smith Corporation
(NYSE: AOS; Amex: SMCA) Board of Directors today approved a plan to split the
company's stock 3-for-2 in the form of a 50 percent stock dividend payable to
holders of Common Stock and Class A Common Stock.
Shareholders will receive one additional share of stock for every two
shares ow...
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A.O. Smith to Acquire GE Compressor Motor Business
May 13, 1998
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MILWAUKEE, May 13 -- A.O. Smith Corporation
(NYSE: AOS; Amex: SMCA) today announced it has reached a definitive agreement
with the Industrial Controls Systems Business of General Electric Company
(NYSE: GE) to acquire GE's domestic compressor motor business.
Terms of the acquisition were not announced. The sale remains subject to
...
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A.O. Smith First Quarter Earnings Per Share Increase 82% to $.62 Per Share
Apr 15, 1998
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MILWAUKEE, April 15 -- A.O. Smith Corporation (NYSE: AOS)
today announced first quarter 1998 continuing earnings of $10.2 million or
$.62 per share (diluted), a significant increase over first quarter 1997
continuing earnings of $7.1 million or $.34 per share (diluted).
First quarter sales of $223 million were $27 million or approxi...
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Hempel Elected to A.O. Smith Board of Directors
Apr 9, 1998
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MILWAUKEE, April 9 -- Kathleen J. Hempel, the former vice
chairman and chief financial officer of Fort Howard Corporation, has been
elected to the Board of Directors of A.O. Smith Corporation (NYSE: AOS).
Hempel served as Fort Howard's vice chairman and chief financial officer
for 10 years until its 1997 merger with James River Corp...
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A.O. Smith Declares Dividend
Apr 9, 1998
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MILWAUKEE, April 9 -- Directors of A.0. Smith Corporation
(NYSE: AOS; Amex: SMCA) today declared a regular quarterly cash dividend of
$.17 per share on Common Stock and Class A Common Stock payable May 15, 1998
to shareholders of record April 30, 1998.
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A.O. Smith 1997 Earnings Increase 68% to $2.00 Per Share
Jan 19, 1998
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MILWAUKEE, Wis., Jan. 19 -- A.O. Smith Corporation
(NYSE: AOS) today announced 1997 earnings increased 49 percent to
$37.6 million, compared with 1996 earnings of $25.2 million.
Earnings per share of $2.00 (diluted) were 68 percent higher than the
$1.19 per share earned in 1996, underscoring the additional benefit of the
company's ...
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