SMITH A O CORP

10-K & 10-Q Filings

A. O. Smith Corporation is a global company that manufactures and markets comprehensive lines of residential and commercial water heaters, boilers, heat pumps, tanks, water treatment products, and related accessories. Its business is divided into two reporting segments: North America and Rest of World. The North America segment primarily serves the U.S. and Canadian markets, focusing on water heaters, boilers, water treatment products, and related accessories. The Rest of World segment primarily serves China, Europe, India, and other international markets, focusing on water heaters and reverse osmosis water treatment products. The company's website is www.aosmith.com, and its ticker symbol is AOS. The company's strategy includes offering energy-efficient products, expanding its product offerings, and selling through various distribution channels, including wholesale, retail, and e-commerce.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$1710.50
1939.30
2153.80
2356.00
2536.50
2685.90
2996.70
3187.90
2992.70
2895.30
3538.90
3753.90
3852.80
966.40
978.80
7.00%1.28%Cost of Revenue (-)
$1197.90
1287.30
1380.00
1496.70
1526.70
1566.60
1758.00
1882.40
1812.00
1787.10
2228.00
2424.30
2368.00
592.30
594.10
5.84%0.30%Gross Profit (+)
$512.60
652.00
773.80
859.30
1009.80
1119.30
1238.70
1305.50
1180.70
1108.20
1310.90
1329.60
1484.80
374.10
384.70
9.27%2.83%Selling, General & Administrative (-)
$372.80
450.50
524.50
572.10
610.70
658.90
718.20
753.80
715.60
660.30
701.40
670.90
727.40
187.20
192.20
5.73%2.67%Non-recurring Operating Expenses (-)
$-11.20
-3.90
11.00
18.80
15.60
Operating Expenses (-)
$361.60
446.60
535.50
572.10
610.70
658.90
718.20
753.80
715.60
660.30
701.40
670.90
746.20
202.80
192.20
6.22%-5.23%Costs & Expenses (Total) (-)
$1559.50
1733.90
1915.50
2068.80
2137.40
2225.50
2476.20
2636.20
2527.60
2447.40
2929.40
3095.20
3114.20
795.10
786.30
5.93%-1.11%Operating Income/Loss (+)
$151.00
205.40
238.30
287.20
399.10
460.40
520.50
551.70
465.10
447.90
609.50
658.70
738.60
171.30
192.50
14.14%12.38%Non-operating Income/Expense (+)
$19.80
34.30
3.80
5.20
10.80
9.40
10.40
21.20
18.00
11.00
20.40
-425.60
6.90
4.00
1.20
-8.41%-70.00%Interest Expense (-)
$9.30
9.20
5.70
5.70
7.40
7.30
10.10
8.40
11.00
7.30
4.30
9.40
12.00
4.00
1.00
2.15%-75.00%Earnings before Tax (+)
$161.50
233.80
236.40
286.70
402.50
462.50
520.80
557.80
472.10
443.90
625.60
223.70
733.50
171.30
192.70
13.44%12.49%Tax Expense (-)
$50.30
71.20
66.70
78.90
119.60
136.00
224.30
113.60
102.10
99.00
138.50
-12.00
176.90
44.40
45.10
11.05%1.58%Income/Loss (Continuing Operations) (+)
$111.20
162.60
169.70
207.80
282.90
326.50
296.50
444.20
370.00
344.90
487.10
235.70
556.60
126.90
147.60
14.36%16.31%Income/Loss (Discontinued Operations) (+)
$151.50
-3.90
Profit/Loss (+)
$305.70
158.70
169.70
Net Income/Loss (+)
$305.70
158.70
169.70
207.80
282.90
326.50
296.50
444.20
370.00
344.90
487.10
235.70
556.60
126.90
147.60
5.12%16.31%Net Income/Loss (Common) (+)
$305.70
158.70
169.70
207.80
282.90
326.50
296.50
444.20
370.00
344.90
487.10
235.70
556.60
126.90
147.60
5.12%16.31%EPS (Basic)
$6.63
3.44
2.30
3.19
1.87
1.72
2.60
2.24
2.13
3.05
1.52
3.71
0.84
1.00
-4.72%19.05%EPS (Diluted)
$6.57
3.41
1.83
2.28
3.16
1.85
1.70
2.58
2.22
2.12
3.02
1.51
3.69
0.84
1.00
-4.69%19.05%Weighted Avg Shares (Basic)
39.27
39.60
76.21
74.68
147.07
145.45
141.85
135.93
135.75
131.41
124.97
121.31
124.54
120.78
9.86%-3.01%Cash
$463.40
266.90
380.70
319.40
323.60
330.40
346.60
259.70
374.00
573.10
443.30
391.20
339.90
406.20
251.60
-2.55%-38.06%Short-term Investments
$
196.00
105.30
222.50
321.60
424.20
473.40
385.30
177.40
116.50
188.10
90.60
23.50
89.80
51.50
-42.65%Receivables
$368.40
425.40
458.70
475.40
501.40
518.70
598.40
647.30
589.50
585.00
634.40
581.20
596.00
586.80
584.60
4.09%-0.37%Inventory
$168.40
163.40
193.40
208.30
222.90
251.10
291.20
304.70
303.00
300.10
447.70
516.40
497.40
503.70
522.30
9.45%3.69%Other Assets (Current)
$208.50
55.50
67.50
93.40
85.80
37.60
57.20
41.50
56.50
43.30
39.10
54.30
43.50
57.30
51.50
-12.24%-10.12%Assets (Current)
$1208.70
1107.20
1205.60
1319.00
1455.30
1562.00
1766.80
1638.50
1500.40
1618.00
1752.60
1633.70
1500.30
1643.80
1461.50
1.82%-11.09%Property, Plant & Equipment (Net)
$315.30
345.70
391.30
427.70
442.70
461.90
528.90
540.00
592.30
582.90
639.20
620.50
634.80
585.50
599.00
6.00%2.31%Accumulated Depreciation
$
790.40
830.90
5.12%Goodwill & Intangibles
$786.50
774.10
758.30
737.30
711.90
799.80
825.40
806.10
884.40
870.70
992.60
967.60
970.10
964.70
985.00
1.76%2.10%Other Assets
$38.50
38.20
36.30
31.30
36.60
67.30
76.20
86.90
80.90
89.10
90.00
110.50
108.70
110.00
101.00
9.03%-8.18%Assets (Non-current)
$1140.30
1158.00
1185.90
1196.30
1191.20
1329.00
1430.50
1433.00
1557.60
1542.70
1721.80
1698.60
1713.60
1692.50
1720.70
3.45%1.67%Assets (Total)
$2349.00
2265.20
2391.50
2515.30
2646.50
2891.00
3197.30
3071.50
3058.00
3160.70
3474.40
3332.30
3213.90
3336.30
3182.20
2.65%-4.62%Accounts Payable
$426.10
434.10
530.00
549.20
596.60
713.90
736.50
743.60
717.90
831.70
1041.10
860.60
870.00
823.90
809.10
6.13%-1.80%Debt (Current)
$18.60
18.60
14.20
13.70
12.90
7.20
7.50
6.80
6.80
6.80
10.00
10.00
10.00
10.00
-5.04%0.00%Other Liabilities (Current)
$75.20
46.30
46.70
42.30
43.70
44.50
44.50
41.70
41.80
47.80
70.90
63.60
65.30
61.80
64.30
-1.17%4.05%Liabilities (Current)
$519.90
499.00
590.90
605.20
653.20
765.60
788.50
785.30
766.50
886.30
1118.80
934.20
945.30
895.70
883.40
5.11%-1.37%Debt (Non-current)
$443.00
225.10
177.70
210.10
236.10
316.40
402.90
221.40
315.90
106.40
189.90
334.50
117.30
330.80
109.70
-10.48%-66.84%Other Liabilities
$300.30
347.00
294.20
318.70
314.90
293.70
357.10
347.80
308.80
319.70
333.50
315.90
306.90
319.60
307.30
0.18%-3.85%Liabilities (Non-current)
$743.30
572.10
471.90
528.80
551.00
610.10
760.00
569.20
624.70
426.10
523.40
650.40
424.20
650.40
417.00
-4.57%-35.89%Liabilities (Total)
$1263.20
1071.10
1062.80
1134.00
1204.20
1375.70
1548.50
1354.50
1391.20
1312.40
1642.20
1584.60
1369.50
1546.10
1300.40
0.68%-15.89%Treasury Stock
$72.40
69.60
132.60
230.50
360.50
488.10
626.50
827.20
1112.70
1155.90
1503.40
1905.70
2202.50
1955.50
2273.20
32.92%16.25%Retained Earnings
$729.90
855.10
982.20
1135.50
1350.70
1593.00
1792.60
2102.80
2323.40
2509.60
2826.60
2885.00
3258.10
2966.50
3358.60
13.28%13.22%AOCI
$-300.90
-320.50
-259.10
-272.00
-313.40
-363.20
-299.50
-350.80
-348.30
-321.20
-331.40
-82.40
-84.20
-80.00
-87.90
-9.88%Shareholder's Equity
$1085.80
1194.10
1328.70
1381.30
1442.30
1515.30
1648.80
1717.00
1666.80
1848.30
1832.20
1747.70
1844.40
1790.20
1881.80
4.51%5.12%Liabilities & Equity
$2349.00
2265.20
2391.50
2515.30
2646.50
2891.00
3197.30
3071.50
3058.00
3160.70
3474.40
3332.30
3213.90
3336.30
3182.20
2.65%-4.62%Net Income/Loss
$305.70
158.70
169.70
207.80
282.90
326.50
296.50
444.20
370.00
344.90
487.10
235.70
556.60
126.90
147.60
5.12%16.31%Depreciation & Amortization
$47.00
54.60
59.70
59.80
63.00
65.10
70.10
71.90
78.30
80.00
77.90
76.90
78.30
19.20
19.60
4.35%2.08%Increase/Decrease in Working Capital
$-78.40
19.90
-24.70
30.60
9.80
-53.70
122.80
77.30
5.40
-124.50
-64.20
181.90
-12.80
48.80
71.80
47.13%Share-based Compensation
$
27.90
28.60
0.10
417.30
-0.90
Adjustments to Reconcile Net Income
$-247.00
-14.90
112.50
57.90
62.70
121.30
29.90
4.70
86.20
217.20
154.00
155.70
113.70
-7.00
-41.00
-485.71%Net Cash (Operating)
$58.70
143.80
279.60
263.90
344.40
446.60
326.40
448.90
456.20
562.10
641.10
391.40
670.30
119.90
106.60
22.50%-11.09%Capital Expenditure
$474.60
83.40
101.70
86.10
72.70
171.50
137.30
85.20
171.40
56.80
282.70
78.30
89.40
10.70
43.10
-12.99%302.80%Net Cash (Investing)
$125.60
-86.80
-8.20
-206.00
-186.10
-300.20
-158.10
-12.70
33.90
11.80
-349.90
8.10
-24.10
-9.80
-71.20
-626.53%Increase/Decrease in Debt
$200.20
-218.80
-51.50
34.20
28.10
74.10
86.50
-189.00
62.60
-170.80
83.50
150.60
-218.10
-3.70
-6.80
-83.78%Increase/Decrease in Equity
$-23.50
-22.00
-73.70
-103.80
-128.10
-135.20
-139.10
-202.60
-287.70
-56.70
-366.50
-403.50
-306.50
-53.10
-74.50
-40.30%Dividends Paid
$27.70
33.20
42.60
54.40
67.80
84.20
96.90
130.10
149.20
158.70
170.10
177.20
183.50
45.40
47.30
17.07%4.19%Net Cash (Financing)
$160.20
-253.50
-157.60
-119.20
-154.10
-139.60
-152.10
-523.10
-375.80
-374.80
-421.00
-430.80
-684.70
-97.50
-120.60
-23.69%Effect of Exchange Rate
$
-20.80
-12.80
2.40
-3.10
-229.17%Increase/Decrease in Cash
$344.50
-196.50
113.80
-61.30
4.20
6.80
16.20
-86.90
114.30
199.10
-129.80
-52.10
-51.30
15.00
-88.30
-688.67%Cash (Beginning)
$118.90
463.40
266.90
380.70
319.40
323.60
330.40
346.60
259.70
374.00
573.10
443.30
391.20
391.20
339.90
10.43%-13.11%Cash (Ending)
$463.40
266.90
380.70
319.40
323.60
330.40
346.60
259.70
374.00
573.10
443.30
391.20
339.90
406.20
251.60
-2.55%-38.06%NOPAT
$198.03
142.85
171.06
208.16
280.51
325.02
296.33
439.34
364.51
348.01
474.56
694.03
560.47
126.90
147.45
9.06%16.19%Gross Margin %
29.97%
33.62%
35.93%
36.47%
39.81%
41.67%
41.34%
40.95%
39.45%
38.28%
37.04%
35.42%
38.54%
38.71%
39.30%
Operating Margin %
8.83%
10.59%
11.06%
12.19%
15.73%
17.14%
17.37%
17.31%
15.54%
15.47%
17.22%
17.55%
19.17%
17.73%
19.67%
NOPAT Margin %
11.58%
7.37%
7.94%
8.84%
11.06%
12.10%
9.89%
13.78%
12.18%
12.02%
13.41%
18.49%
14.55%
13.13%
15.06%
Net Margin %
17.87%
8.18%
7.88%
8.82%
11.15%
12.16%
9.89%
13.93%
12.36%
11.91%
13.76%
6.28%
14.45%
13.13%
15.08%
Tax Rate %
-31.15%
30.45%
28.21%
27.52%
29.71%
29.41%
43.07%
20.37%
21.63%
22.30%
22.14%
-5.36%
24.12%
25.92%
23.40%
ROA
8.43%
6.31%
7.15%
8.28%
10.60%
11.24%
9.27%
14.30%
11.92%
11.01%
13.66%
20.83%
17.44%
3.80%
4.63%
ROE
18.24%
11.96%
12.87%
15.07%
19.45%
21.45%
17.97%
25.59%
21.87%
18.83%
25.90%
39.71%
30.39%
7.09%
7.84%
ROIC
14.71%
9.88%
11.69%
13.75%
18.53%
20.78%
16.60%
24.50%
18.89%
19.63%
23.83%
32.00%
26.24%
6.74%
7.57%
Asset Turnover
0.73
0.86
0.90
0.94
0.96
0.93
0.94
1.04
0.98
0.92
1.02
1.13
1.20
0.29
0.31
Inventory Turnover
7.11
7.88
7.14
7.19
6.85
6.24
6.04
6.18
5.98
5.96
4.98
4.69
4.76
1.18
1.14
Equity Multiplier
2.16
1.90
1.80
1.82
1.83
1.91
1.94
1.79
1.83
1.71
1.90
1.91
1.74
1.86
1.69
Current Ratio
2.32
2.22
2.04
2.18
2.23
2.04
2.24
2.09
1.96
1.83
1.57
1.75
1.59
1.84
1.65
Quick Ratio
1.60
1.78
1.60
1.68
1.76
1.66
1.80
1.65
1.49
1.44
1.13
1.14
1.01
1.21
1.00
Debt/Equity Ratio
0.43
0.20
0.14
0.16
0.17
0.21
0.25
0.13
0.19
0.06
0.11
0.20
0.07
0.19
0.06
Working Capital/Sales
0.14
0.17
0.15
0.15
0.14
0.11
0.14
0.14
0.15
0.11
0.10
0.15
0.14
0.34
0.37
Dividend Payout Ratio %
13.99%
23.24%
24.90%
26.13%
24.17%
25.91%
32.70%
29.61%
40.93%
45.60%
35.84%
25.53%
32.74%
35.78%
32.08%
Total Payout
$-149.00
274.00
167.80
124.00
167.80
145.30
149.50
521.70
374.30
386.20
453.10
430.10
708.10
102.20
128.60
25.83%Payout Ratio %
-75.24%
191.81%
98.09%
59.57%
59.82%
44.71%
50.45%
118.75%
102.68%
110.97%
95.48%
61.97%
126.34%
80.54%
87.22%