The company said net sales for full-year 2024 were $3,818 million (-1%), net earnings were $533.6 million (-4%), and diluted earnings per share were $3.63 (-2%). The company cited lower sales in China as the main factor behind the sales decline.

1. 01

   The company said net sales for full-year 2024 were $3,818 million (-1%), net earnings were $533.6 million (-4%), and diluted earnings per share were $3.63 (-2%). The company cited lower sales in China as the main factor behind the sales decline.

2. 02

   A. O. Smith said full-year adjusted earnings were $548.0 million and adjusted earnings per share were $3.73 (-2%), excluding pre-tax restructuring and impairment expenses of $17.6 million. Of that total, severance expenses in China were $11.3 million, and restructuring and impairment expenses in the North America water treatment business were $6.3 million.

3. 03

   The company said cash provided by operations for 2024 was $581.8 million and free cash flow was $473.8 million, both lower than in 2023. It said lower earnings and higher inventory balances more than offset the benefit of lower accounts receivable.

4. 04

   A. O. Smith said it expects full-year 2025 net sales of $3,800 million to $3,900 million and diluted earnings per share of $3.60 to $3.90. The company said this outlook does not include the potential impact of future acquisitions.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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