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Milwaukee, Wisconsin-based A.O. Smith Corporation (AOS) manufactures residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products. With a market cap of $12.2 billion, A.O. Smith’s operations span various countries in North America, Europe, and Asia.
Companies worth $10 billion or more are generally described as "large-cap stocks," A.O. Smith fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the specialty industrial machinery industry.