A. O. Smith Corporation (NYSE:AOS) is looking for acquisitions. Chuck Lauber, Chief Financial Officer said, "In addition to returning capital to shareholders, we continue to see opportunities for organic growth, innovation and new product development across all of our product lines and geographies. We continue to target strategic acquisitions with a focus on water heating and water treating assets that meet our financial metrics of accretive to earnings in the first year and return our cost of capital in 3 years".