A O Smith Corp V.AOS

Primary Symbol: AOS

Industrials

A. O. Smith Corporation applies technologies and solutions to products manufactured and marketed worldwide. The Company operates through two segments: North America and Rest of World. Both the segments manufacture and market a comprehensive line of residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Its Rest of World segment is primarily comprised of China, Europe, and India. The North America segment serves residential and commercial end markets with a range of products, including water heaters, boilers, water treatment products, and other. The Company also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. Its Lochinvar brand is a residential and commercial boiler brand in the United States. Its water softener branded products and problem well water solutions include the Hague, Impact Water, Water-Right, Master Water, Atlantic Filter and Water Tec brands.

NYSE:AOS - Post by User

A O Smith Corp > Don't worry....be happy

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Comment by TyJac1on Jun 04, 2014 4:09pm

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Post# 22630738

RE:RE:RE:Don't worry....be happy

Acquisition payable

The Company has an obligation of US $1,000,000, which was payable to the vendor as a part of the Maroon Hill acquisition. The amount was due January 14, 2014,on the 1st anniversary of the closing date of the Maroon Hill acquisition

. The Company is working on a payment schedule with the payee.The Company

has recognized a liability of $1,053,302 with respect to the anniversary payment.

Liquidity and Capital Resources

The Company commenced 2014 with a working capital deficit of $0.1million. The working capital deficit at March 31, 2014 was $0.5million.

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