The company said sales for Q2 2025 were $1,011.3 million, lower than Q2 2024 of $1,024.3 million, and gross profit margin was 39.3%, up from 38.7% in Q2 2024.

1. 01

   The company said sales for Q2 2025 were $1,011.3 million, lower than Q2 2024 of $1,024.3 million, and gross profit margin was 39.3%, up from 38.7% in Q2 2024.

2. 02

   The company said North America segment second-quarter sales were $779.0 million, a decrease of $11.7 million, and segment earnings were $198.1 million with a segment margin of 25.4%. It cited lower residential water heater volumes as a factor in the sales decline.

3. 03

   A. O. Smith said cash provided by operating activities in the first six months of 2025 was $178.3 million, compared with $164.0 million in the same period last year, and free cash flow was $139.9 million, compared with $119.1 million in the prior-year period. Capital expenditures in the same period totaled $38.4 million.

4. 04

   The company said it repurchased 3,786,073 shares at an average price of $66.37 for a total cost of $251.3 million in the first six months of 2025, and its leverage ratio increased to 14.1% as of June 30, 2025 from 9.3% as of December 31, 2024.

Key figures

Quarter ended June 30, 2025

Revenue

$1.0B

Operating income

$206M

Net income

$152M

EPS

$1.07

Gross profit

$397M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.