secwatch.observer — SEC 8-K summary
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Issuer:     SMITH A O CORP (AOS)
CIK:        0000091142
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000091142-23-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

A. O. Smith Q1 adjusted EPS $0.94, up 22% YoY; raises 2023 outlook
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- Net sales $966.4M (-1% YoY); North America +3%, Rest of World -14% (-8% LC).
- Record Q1 GAAP EPS $0.84 (+11%); adjusted EPS $0.94 (+22%) on lower steel costs.
- Raised 2023 guidance: adj. EPS $3.30-$3.50 (mid-point +8% YoY); sales flat +/-2%.
- Share repurchase outlook increased by $100M to $300M for 2023.
- Declared $0.30/share dividend (payable May 15), marking 83 consecutive years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91142/000009114223000058/0000091142-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91142/000009114223000058/aos-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000091142-23-000058

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