A. O. Smith(US:AOS)2025-04-29 18:33Financial Performance - Sales decreased by 2% to $964 million[17], compared to $979 million in Q1 2024[17] - Earnings per share (EPS) decreased by 5% to $0.95[17], compared to $1.00 in Q1 2024[17] - Free cash flow decreased from $85 million in Q1 2024 to $17 million in Q1 2025[29] Segment Performance - North America sales decreased by 2% year-over-year[14, 17] - North America segment margin decreased to 24.7%[17, 23], a decrease of 120 bps[23] - Rest of World sales were flat[17, 25], with Pureit adding $12 million to sales[16, 25] - China sales decreased 4% in local currency due to weak consumer demand[14, 28] - Rest of World segment margin increased by 110 basis points[17] Outlook and Assumptions for 2025 - The company expects revenue to be approximately flat to a 2% increase[35] - The company anticipates free cash flow between $500 million and $550 million[35] - The company projects share repurchases of approximately $400 million[32, 35]