secwatch.observer — SEC 8-K summary
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Issuer:     SMITH A O CORP (AOS)
CIK:        0000091142
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000091142-22-000097
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

A. O. Smith Q3 EPS $0.71 (-13% YoY); revenue down 4% to $874M; guides FY adj. EPS $3.05-$3.15
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- Net sales $874.2M (-4% YoY) on residential water heater destocking; earnings $109.8M (-17%).
- Adjusted EPS $0.69 (-15%); North America segment flat, Rest of World down 13% on China COVID lockdowns.
- Reaffirms lowered FY 2022 EPS guidance $1.29-$1.39; adj. EPS $3.05-$3.15 (midpoint +5% YoY).
- Board approved 7% dividend increase (5-year CAGR 15%); repurchased 4.47M shares for $282M in 9 months.
- Pension plan termination in Q4 2022 will accelerate ~$445M non-cash pre-tax expense (≈$1.73 EPS).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91142/000009114222000097/0000091142-22-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91142/000009114222000097/aos-20221027.htm
  HTML page:      https://secwatch.observer/filing/0000091142-22-000097

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