A. O. Smith to Sell 81% Stake in China Business to CPE
A. O. Smith Corporation has entered into definitive agreements to sell an 81% stake in its China business to CPE, while retaining a 19% interest and a long-term brand license.
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A. O. Smith Corporation has entered into definitive agreements to sell an 81% stake in its China business to CPE, while retaining a 19% interest and a long-term brand license.
Filed: 2026-10-28 AccNo: 0000091142-26-000100 Size: 1 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Eaton is expected to report Q3 2026 earnings of $3.54 per share (up 15.3% YoY) with revenues of $8.48 billion (up 21.4% YoY) on November 3. The company has a positive Earnings ESP of +0.45% combined with a Zacks Rank #2 (Buy), suggesting a likely earnings beat. Eaton has beaten consensus estimates in 3 of the last 4 quarters.
Oppenheimer has revised its price target for A. O. Smith Corporation, lowering it from $75 to $72 while maintaining an Outperform rating.