A.O. Smith reports record 2022 sales of $3.8B; adjusted EPS $3.14, up 6%; guides 2023 EPS $3.15-$3.45

SMITH A O CORP

2022-FY EPS reported $1.51 revenue$3,753,900,000

Record 2022 sales of $3.754B, up 6% YoY; GAAP EPS $1.51 includes $1.60 pension settlement charge.
Adjusted EPS of $3.14, up 6% YoY; Q4 adjusted EPS $0.86, up 1% despite 6% sales decline.
North America adjusted segment margin 21.7% (vs 22.9%); Rest of World margin 10.0% (up 120bps).
2023 outlook: sales $3.64-$3.87B (flat +/-3%); EPS $3.15-$3.45, up ~5% at midpoint.
Dividend $0.30/share (83rd consecutive year); Board ups buyback auth by 7.5M shares; $200M repurchases planned.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SMITH A O CORP reported Fourth Quarter 2022 results: revenue $936.1, net income $(120.1), EPS $(0.78). Guidance initiated.

Period: Fourth Quarter 2022
Revenue: $936.1
Net income: $(120.1)
EPS: $(0.78)
Guidance: initiated
Result: reported results

Exact text from the filing

Fourth Quarter (in millions, except per share amounts) Q4 2022 Q4 2021 % Change YoY Net sales $936.1 $995.5 -6% Net (loss) earnings $(120.1) $139.6 -186% Adjusted earnings 3 $131.6 $136.9 -4% Diluted (loss) earnings per share $(0.78) $0.87 -190%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SMITH A O CORP reported Full Year 2022 results: revenue $3.8 billion, net income $235.7 million, EPS $1.51. Guidance initiated.

Period: Full Year 2022
Revenue: $3.8 billion
Net income: $235.7 million
EPS: $1.51
Guidance: initiated
Result: reported results

Exact text from the filing

Record sales of $3.8 billion, an increase of 6% primarily driven by previously announced inflation-related pricing actions • Net earnings of $235.7 million, including an after-tax non-cash pension settlement expense of $249.6 million, resulting in earnings per share (EPS) of $1.51

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59 earnings releases filed in the last 30 days. Browse all earnings releases →

SMITH A O CORP filing history →

Source: SEC EDGAR

accession 0000091142-23-000003

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