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A Steady Water Heater Compounder Springs a Small Leak
Views: 95 2026-07-31 A. O. Smith makes residential and commercial water heaters, boilers and water treatment products. North America generates roughly three quarters of sales, where the company holds an estimated 37 percent share of residential and 54 percent share of commercial water heaters (unverified, company-reported). The Rest of World segment is centered on China, with smaller operations in India and Europe. In January 2026 the company bought Leonard Valve, a specialty commercial plumbing valve maker, for $470 million, funded entirely by a new three-year term loan. Demand is largely non-discretionary, since a failed water heater or boiler must be …
