A. O. Smith Boosts Gross Profit Margin to 38.5% and Adjusted EPS to $3.81
A. O. Smith CorporationDescription
What this story covers
A. O. Smith (AOS) reported a 2 point 6 percent sales increase to 3 point 85 billion dollars in 2023, with gross profit margin expanding to 38 point 5 percent. Adjusted E P S rose to 3 dollars 81 cents. Strong North America performance offset Rest of World challenges. The company projects 3-5 percent sales growth for 2024, driven by water heaters and water treatment, alongside significant debt reduction and shareholder returns.
Story snapshot
CompanyA. O. Smith Corporation
TickerAOS
VariantStandard detailed
Duration17:58
Filing type10-K
PeriodAnnual 2023
IndustryIndustrials & Manufacturing
Accession0000091142-24-000041
Full Story Script
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