A. O. Smith Reports Record Sales and Earnings in 2023 and Introduces 2024 Guidance

2023 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted) Record sales of $3.9 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 $3.69 driven by higher volumes and improved operating margin in North America Adjusted earnings of $574.8 million resulted in adjusted EPS of $3.81, an increase of 21% Strong operating cash flow and free cash flow of $670 million and $598 million, respectivel ...