A. O. Smith reports record FY2023 sales $3.9B, EPS $3.69; guides FY2024 EPS $3.90-$4.15

SMITH A O CORP

2023-FY EPS reported $3.69 revenue$3,852,800,000

Record net sales $3,853M (+3% YoY); net earnings $556.6M ($3.69 EPS); adjusted EPS $3.81 (+21%).
North America segment sales $2,922.9M (+4%); adjusted segment margin 24.8% (vs 21.7% in 2022).
China local-currency sales +4%; India local-currency sales +15% in 2023.
2024 outlook: sales $3,970M-$4,050M (+3-5%), EPS $3.90-$4.15.
Board authorized additional 2M share repurchase; $0.32 dividend declared, 84 consecutive years.

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 1.0

SMITH A O CORP reported the year ended December 31, 2023 results: revenue $3,853, net income $556.6, EPS $3.69. Guidance initiated.

Period: the year ended December 31, 2023
Revenue: $3,853
Net income: $556.6
EPS: $3.69
Guidance: initiated
Result: reported results

Exact text from the filing

AOS) today announced its full year and fourth quarter 2023 results. Key Financial Metrics Full Year (in millions, except per share amounts) 2023 2022 % Change YoY Net sales $3,853 $3,754 3% Net earnings $556.6 $235.7 136% Adjusted earnings $574.8 1 $488.7 2 18% Diluted earnings per share $3.69 $1.51 144% Adjusted earnings per share $3.81 1 $3.14 2 21% 1

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SMITH A O CORP reported Q4 2023 results: revenue $988.1, net income $137.3, EPS $0.92. Guidance initiated.

Period: Q4 2023
Revenue: $988.1
Net income: $137.3
EPS: $0.92
Guidance: initiated
Result: reported results

Exact text from the filing

non-operating pension expense. See accompanying GAAP to Non-GAAP reconciliations Fourth Quarter (in millions, except per share amounts) Q4 2023 Q4 2022 % Change YoY Net sales $988.1 $936.1 6% Net earnings (loss) $137.3 $(120.1) 214% Adjusted earnings $144.4 3 $131.6 4 10% Diluted earnings (loss) per share $0.92 $(0.78) 218% Adjusted earnings per share $0.97 3

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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

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