A. O. Smith Reports Record Sales and Earnings in 2023 and Introduces 2024 Guidance
AOSA. O. Smith(AOS) Prnewswire·2024-01-30 19:55

2023 Highlights (Comparisons are year-over-year ("YoY"), unless otherwise noted) o » Record sales of 3.9billion,anincreaseof33.9 billion, an increase of 3% primarily driven by higher water heater volumes Record net earnings of 556.6 million and record earnings per share (EPS) of 3.69drivenbyhighervolumesandimprovedoperatingmargininNorthAmericaAdjustedearningsof3.69 driven by higher volumes and improved operating margin in North America Adjusted earnings of 574.8 million resulted in adjusted EPS of 3.81,anincreaseof213.81, an increase of 21% Strong operating cash flow and free cash flow of 670 million and $598 million, respec ...