SMITH A O CORP
Business
A. O. Smith manufactures and markets residential and commercial water heaters, boilers, heat pumps, tanks, and water treatment products. Core offerings include gas and electric water heaters, boilers for space heating, and point-of-entry and point-of-use water treatment solutions. The company operates through two reportable segments: North America, serving wholesale distributors, retail chains, and MRO channels; and Rest of World, with major operations in China, India, and Europe.
Summary from 10-K filed 2026-02-10
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 3,830 | 3,818 | 3,853 | 3,754 | 3,539 | |
| Cost of products sold | 2,343 | 2,362 | 2,368 | 2,424 | 2,228 | |
| Gross profit | 1,487 | 1,456 | 1,485 | 1,330 | 1,311 | |
| Selling, general and administrative expenses | 759 | 739 | 727 | 671 | 701 | |
| Restructuring and impairment expenses | 0 | 18 | 19 | 0 | 0 | |
| Interest expense | 14 | 7 | 12 | 9 | 4 | |
| Other income, net | −600,000 | −9 | −7 | 426 | −20 | |
| Earnings before provision for income taxes | 715 | 701 | 734 | 224 | 626 | |
| Provision for income taxes | 169 | 167 | 177 | −12 | 139 | |
| Net Earnings | 546 | 534 | 557 | 236 | 487 | |
| Net Earnings Per Share of Common Stock (in dollars per share) | 3.87 | 3.65 | 3.71 | 1.52 | 3.05 | |
| Diluted Net Earnings Per Share of Common Stock (in dollars per share) | 3.85 | 3.63 | 3.69 | 1.51 | 3.02 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 175 | 240 | 340 | 391 | 443 | |
| Marketable securities | 19 | 37 | 24 | 91 | 188 | |
| Receivables | 582 | 541 | 596 | 581 | 634 | |
| Inventories | 479 | 532 | 497 | 516 | 448 | |
| Other current assets | 37 | 43 | 44 | 54 | 39 | |
| Total Current Assets | 1,292 | 1,393 | 1,500 | 1,634 | 1,753 | |
| Net property, plant and equipment | 635 | 629 | 598 | 591 | 607 | |
| Goodwill | 711 | 762 | 633 | 620 | 628 | |
| Other intangibles | 362 | 321 | 337 | 348 | 365 | |
| Operating lease assets | 46 | 33 | 37 | 30 | 33 | |
| Other assets | 97 | 103 | 109 | 111 | 90 | |
| Total Assets | 3,143 | 3,240 | 3,214 | 3,332 | 3,474 | |
| Trade payables | 504 | 589 | 600 | 626 | 746 | |
| Accrued payroll and benefits | 94 | 79 | 92 | 76 | 113 | |
| Accrued liabilities | 148 | 153 | 177 | 159 | 182 | |
| Product warranties | 75 | 67 | 65 | 64 | 71 | |
| Long-term debt due within one year | 42 | 10 | 10 | 10 | 7 | |
| Total Current Liabilities | 863 | 897 | 945 | 934 | 1,119 | |
| Long-term debt | 113 | 183 | 117 | 335 | 190 | |
| Product warranties | 135 | 123 | 123 | 119 | 114 | |
| Pension liabilities | 7 | 11 | 11 | 10 | 16 | |
| Long-term operating lease liabilities | 37 | 24 | 28 | 22 | 22 | |
| Other liabilities | 130 | 118 | 146 | 165 | 182 | |
| Total Liabilities | 1,285 | 1,357 | 1,370 | 1,585 | 1,642 | |
| Commitments and contingencies | 0 | 0 | 0 | 0 | 0 | |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | |
| Capital in excess of par value | 614 | 601 | 578 | 556 | 545 | |
| Retained earnings | 3,952 | 3,601 | 3,258 | 2,885 | 2,827 | |
| Accumulated other comprehensive loss | −99 | −112 | −84 | −82 | −331 | |
| Treasury stock at cost | −2,904 | −2,502 | −2,203 | −1,906 | −1,503 | |
| Total Stockholders Equity | 1,858 | 1,884 | 1,844 | 1,748 | 1,832 | |
| Total Liabilities and Stockholders Equity | 3,143 | 3,240 | 3,214 | 3,332 | 3,474 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 85 | 79 | 78 | 77 | 78 | |
| Stock based compensation expense | 14 | 15 | 12 | 11 | 12 | |
| Deferred income taxes | 9 | −5 | −4 | 0 | 0 | |
| Non-cash impairments | 0 | 5 | 16 | 0 | 0 | |
| Pension settlement income | 0 | 0 | −900,000 | 417 | 0 | |
| Pension settlement non-cash taxes | 0 | 0 | 200,000 | −168 | — | |
| Current assets and liabilities | −56 | −23 | 20 | −194 | 91 | |
| Noncurrent assets and liabilities | 19 | −23 | −7 | 12 | −27 | |
| Cash Provided by Operating Activities | 617 | 582 | 670 | 391 | 641 | |
| Capital expenditures | −71 | −108 | −73 | −70 | −75 | |
| Acquisitions | 0 | −146 | −17 | −8 | −208 | |
| Investments in marketable securities | −43 | −74 | −63 | −92 | −185 | |
| Net proceeds from sales of marketable securities | 61 | 61 | 128 | 178 | 118 | |
| Cash Used in Investing Activities | −53 | −267 | −24 | 8 | −350 | |
| Proceeds from debt | 1,087 | 1,100 | 688 | 151 | 84 | |
| Repayments of debt | −1,125 | −1,030 | −906 | — | — | |
| Common stock repurchases | −401 | −306 | −307 | −404 | −367 | |
| Net proceeds from stock option activity | 1 | 18 | 23 | −700,000 | 32 | |
| Dividends paid | −196 | −190 | −184 | −177 | −170 | |
| Cash Used in Financing Activities | −633 | −408 | −685 | −431 | −421 | |
| Effect of exchange rate changes on cash and cash equivalents | 4 | −7 | −13 | −21 | 0 | |
| Net decrease in cash and cash equivalents | −65 | −100 | −51 | −52 | −130 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SMITH A O CORP's CIK number?
SMITH A O CORP's SEC CIK number is 0000091142 (91142). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SMITH A O CORP's SEC filings?
All of SMITH A O CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SMITH A O CORP last report earnings?
SMITH A O CORP (AOS) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000091142-26-000082). This is SMITH A O CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is SMITH A O CORP's most recent earnings 8-K?
SMITH A O CORP's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0000091142-26-000082. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SMITH A O CORP's latest earnings 8-K →
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