A.O. Smith (AOS) shares climb after topping Q4 expectations

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Go back to A.O. Smith (AOS) shares climb after topping Q4 expectations

A. O. Smith Reports Record Sales and Earnings in 2023 and Introduces 2024 Guidance

January 30, 2024 6:55 AM EST

2023 Highlights
(Comparisons are year-over-year ("YoY"), unless otherwise noted)

Record sales of $3.9 billion, an increase of 3% primarily driven by higher water heater volumesRecord net earnings of $556.6 million and record earnings per share (EPS) of $3.69 driven by higher volumes and improved operating margin in North AmericaAdjusted earnings of $574.8 million resulted in adjusted EPS of $3.81, an increase of 21%Strong operating cash flow and free cash flow of $670 million and $598... More