A. O. Smith Corp. said it is boosting [water heater] prices starting in August following higher material costs.
The company said in a securities filing that it is generally going to raise prices by the low double digits on a majority of its commercial and residential water heater products and services. This will affect parts of the U.S.
The company said the increases is due to higher material costs and specifically mentioned increasing transportation costs and the accelerating cost of steel.
The latest increase will put A.O. Smith costs at a 36% increase this year.
The water heater division of
Rheem Sales Company, Inc. has announced
price increases of 10-12% on Rheem Tank Water Heaters. The company has made several price increase announcements this year, including the air conditioning manufacturing arm of the company.
In a letter addressed to
Bradford White customers, VP of Sales Matt Kozak has announced a price increase on the behalf of the company.
...."the global pandemic has continued to affect the worldwide markets. At Bradford White, we have continued to absorb significant additional cost increases in steel, freight, and other commodities used in the manufacture of water heaters. After detailed analysis and careful consideration, we have come to the determination that we will be implementing the following, additional price increase, effective with orders received at Bradford White beginning March 29, 2021.:
Residential Products (Gas and Electric Tank Type) 9%
