A. O. Smith(US:AOS)2025-07-24 14:00Financial Performance - Net sales decreased slightly to $1 billion[11] - Earnings Per Share (EPS) increased by 1% year-over-year to $1.07[11] - North America segment sales decreased by 1% year-over-year[11] - Rest of World segment sales decreased by 2% due to lower sales in China[11] - Free cash flow increased to $139.9 million compared to $119.1 million in the same period last year[43] Segment Analysis - North America segment margin increased to 25.4%[11] - Boiler sales in North America increased by 6%[19] - China third-party sales declined 11% in local currency due to weak consumer demand[23] Strategic Initiatives and Outlook - The company projects share repurchases of approximately $400 million for the full year[27] - Revenue is expected to increase by approximately 1% to 3% for 2025[30] - The company is initiating an assessment of its China business to ensure it is well-positioned for the future[40] - The company expects free cash flow between $500 million and $525 million[30]