A. O. Smith Q2 2023: Record EPS $1.04 (+28%), raised FY adjusted EPS guidance to $3.45-$3.60

SMITH A O CORP

2023-Q2 EPS reported $1.87 revenue$1,927,200,000

Sales $960.8M (-1% YoY); net earnings $157.0M; diluted EPS $1.04 (record, +28%).
North America segment sales -3% to $722.3M; segment margin expanded 610 bps to 27.6%.
Rest of World sales +6% (12% in local currency); China water treatment demand stronger.
Balance sheet: cash $409.7M, debt $206.0M; repurchased 1.075M shares for $69.6M YTD.
FY2023 outlook raised: sales flat to up 2%; adjusted EPS $3.45-$3.60 (midpoint +12% YoY).

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 second quarter 2023 results: revenue $960.8 million, net income $157.0 million, EPS $1.04.

Period: second quarter 2023
Revenue: $960.8 million
Net income: $157.0 million
EPS: $1.04
Result: reported results

Exact text from the filing

Reports Record Earnings Per Share (EPS) in the Second Quarter 2023 Second Quarter 2023 Highlights (Comparisons are year-over-year (“YoY”), unless otherwise noted) • Sales of $961 million, a decrease of 1% ◦ North America decreased 3% ◦ Rest of World increased 6%, an increase of 12% in local currency • Net earnings of $157.0 million resulted in record EPS of

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SMITH A O CORP reported the full year 2023 results: EPS EPS of between $3.38 and $3.53. Guidance raised.

Period: the full year 2023
EPS: EPS of between $3.38 and $3.53
Guidance: raised
Result: guidance update

Exact text from the filing

2023 Outlook raised to: ◦ Sales flat, to up 2%, compared to 2022 ◦ EPS of between $3.38 and $3.53 and adjusted EPS between $3.45 and $3.60

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

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Source: SEC EDGAR

accession 0000091142-23-000079

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