A. O. Smith Corporation (NYSE:AOS) is looking for acquisitions. During the company?s first quarter 2024 earnings call, Chuck Lauber, Chief Financial Officer said that "In addition to returning capital to shareholders, we continue to see opportunities for investment in organic growth, innovation and new product development across all of our product lines and geographies. We target strategic acquisitions that meet our financial metrics as accretive to earnings in the first year and return our cost of capital in 3 years.

In the first quarter, we welcomed Impact Water Products to the A. O. Smith family. Impact supports our growth strategy by expanding the West Coast presence of our water treatment business".