7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-09-30 2005-06-30 
      
    		                                                                                 
      net sales
    		942,500,000 1,011,300,000 963,900,000 912,400,000 902,600,000 1,024,300,000 978,800,000 988,100,000 937,500,000 960,800,000 966,400,000 936,100,000 874,200,000 965,900,000 977,700,000 995,500,000 914,600,000 859,800,000 769,000,000 834,500,000 760,000,000 663,900,000 636,900,000 750,900,000 728,200,000 765,400,000 748,200,000 812,500,000 754,100,000 833,300,000 788,000,000 768,600,000 749,900,000 738,200,000 740,000,000 698,100,000 683,900,000 667,000,000 636,900,000 639,400,000 625,100,000 653,500,000 618,500,000 626,800,000 581,600,000 595,400,000 552,200,000 558,900,000 536,200,000 549,100,000 509,600,000 524,300,000 462,200,000 484,200,000 468,600,000 475,800,000 412,000,000 405,300,000 417,400,000 -166,000,000 559,400,000 572,500,000 523,400,000 509,600,000 501,500,000 498,700,000 481,600,000 508,600,000 602,700,000 622,200,000 571,400,000 569,900,000 553,500,000 611,500,000 577,200,000 543,600,000 564,000,000 594,500,000 459,200,000 408,400,000 437,700,000 
      cost of products sold
    		578,000,000 614,200,000 588,500,000 574,300,000 565,300,000 628,300,000 594,100,000 618,300,000 581,300,000 576,100,000 592,300,000 587,500,000 569,200,000 631,500,000 636,100,000 634,900,000 574,300,000 538,400,000 480,400,000 510,400,000 462,900,000 416,400,000 397,400,000 455,900,000 444,000,000 456,700,000 455,400,000 475,500,000 448,100,000 492,300,000 466,500,000 444,800,000 443,200,000 432,300,000 437,700,000 408,500,000 400,600,000 383,300,000 374,200,000 378,800,000 368,400,000 390,200,000 389,300,000 394,900,000 366,300,000 379,200,000 356,300,000 359,000,000 339,600,000 351,100,000 330,300,000 338,700,000 305,400,000 323,700,000 319,500,000 320,800,000 293,300,000 293,400,000 290,400,000 -160,000,000 410,300,000 414,200,000 378,800,000 371,300,000 363,000,000 376,300,000 380,200,000 408,900,000 479,100,000 480,600,000 438,800,000 434,200,000 433,400,000 476,700,000 454,400,000 420,600,000 448,600,000 467,900,000 360,300,000 327,400,000 353,500,000 
      gross profit
    		364,500,000 397,100,000 375,400,000 338,100,000 337,300,000 396,000,000 384,700,000 369,800,000 356,200,000 384,700,000 374,100,000 348,600,000 305,000,000 334,400,000 341,600,000 360,600,000 340,300,000 321,400,000 288,600,000 324,100,000 297,100,000 247,500,000 239,500,000 295,000,000 284,200,000 308,700,000 292,800,000 337,000,000 306,000,000 341,000,000 321,500,000 323,800,000 306,700,000 305,900,000 302,300,000 289,600,000 283,300,000 283,700,000 262,700,000 260,600,000 256,700,000 263,300,000 229,200,000 231,900,000 215,300,000 216,200,000 195,900,000 199,900,000 196,600,000 198,000,000 179,300,000 185,600,000 156,800,000 160,500,000 149,100,000 155,000,000 118,700,000 111,900,000 127,000,000 -6,000,000 149,100,000 158,300,000 144,600,000 138,300,000 138,500,000 122,400,000 101,400,000 99,700,000 123,600,000 141,600,000 132,600,000 135,700,000 120,100,000 134,800,000 122,800,000 123,000,000 115,400,000 126,600,000 98,900,000 81,000,000 84,200,000 
      yoy
    		8.06% 0.28% -2.42% -8.57% -5.31% 2.94% 2.83% 6.08% 16.79% 15.04% 9.51% -3.33% -10.37% 4.04% 18.36% 11.26% 14.54% 29.86% 20.50% 9.86% 4.54% -19.83% -18.20% -12.46% -7.12% -9.47% -8.93% 4.08% -0.23% 11.47% 6.35% 11.81% 8.26% 7.83% 15.07% 11.13% 10.36% 7.75% 14.62% 12.38% 19.23% 21.79% 17.00% 16.01% 9.51% 9.19% 9.26% 7.70% 25.38% 23.36% 20.25% 19.74% 32.10% 43.43% 17.40% -2683.33% -20.39% -29.31% -12.17% -104.34% 7.65% 29.33% 42.60% 38.72% 12.06% -13.56% -23.53% -26.53% 2.91% 5.04% 7.98% 10.33% 4.07% 6.48% 24.17% 51.85% 37.05%     
      qoq
    		-8.21% 5.78% 11.03% 0.24% -14.82% 2.94% 4.03% 3.82% -7.41% 2.83% 7.31% 14.30% -8.79% -2.11% -5.27% 5.97% 5.88% 11.37% -10.95% 9.09% 20.04% 3.34% -18.81% 3.80% -7.94% 5.43% -13.12% 10.13% -10.26% 6.07% -0.71% 5.58% 0.26% 1.19% 4.39% 2.22% -0.14% 7.99% 0.81% 1.52% -2.51% 14.88% -1.16% 7.71% -0.42% 10.36% -2.00% 1.68% -0.71% 10.43% -3.39% 18.37% -2.31% 7.65% -3.81% 30.58% 6.08% -11.89% -2216.67% -104.02% -5.81% 9.47% 4.56% -0.14% 13.15% 20.71% 1.71% -19.34% -12.71% 6.79% -2.28% 12.99% -10.91% 9.77% -0.16% 6.59% -8.85% 28.01% 22.10% -3.80%  
      gross margin %
    		                                                                                 
      selling, general and administrative expenses
    		188,900,000 191,300,000 192,600,000 182,000,000 176,600,000 188,500,000 192,200,000 185,000,000 174,900,000 180,300,000 187,200,000 168,900,000 155,500,000 166,700,000 179,800,000 184,200,000 177,600,000 173,100,000 166,500,000 171,200,000 159,400,000 155,900,000 173,800,000 179,900,000 172,300,000 178,700,000 184,700,000 186,100,000 177,600,000 197,200,000 192,900,000 183,000,000 175,800,000 177,300,000 182,100,000 174,800,000 164,700,000 160,000,000 159,400,000 153,100,000 150,100,000 160,300,000 147,200,000 158,300,000 145,500,000 137,400,000 130,900,000 139,200,000 133,700,000 131,600,000 120,000,000 124,800,000 111,500,000 108,900,000 105,300,000 106,200,000 92,200,000 85,100,000 89,300,000 25,500,000 101,700,000 104,000,000 97,500,000 101,000,000 92,300,000 88,600,000 84,500,000 82,800,000 86,600,000 94,200,000 93,800,000 99,700,000 84,600,000 90,400,000 88,300,000 86,800,000 82,800,000 85,900,000 68,500,000 59,700,000 60,400,000 
      interest expense
    		3,600,000 4,600,000 2,900,000 2,400,000 1,500,000 1,800,000 1,000,000 1,100,000 2,400,000 4,500,000 4,000,000 3,400,000 2,400,000 2,100,000 1,500,000 1,400,000 1,000,000 900,000 1,000,000 1,000,000 1,600,000 2,500,000 2,200,000 2,500,000 3,100,000 3,400,000 2,000,000 1,800,000 2,000,000 2,300,000 2,300,000 2,900,000 2,500,000 2,500,000 2,200,000 1,600,000 2,100,000 1,900,000 1,700,000 1,400,000 1,600,000 2,500,000 1,900,000 1,400,000 1,500,000 1,400,000 1,400,000 1,200,000 1,400,000 1,600,000 1,500,000 2,100,000 1,900,000 2,200,000 3,000,000 2,900,000 2,500,000 2,100,000 1,800,000 -900,000 2,500,000 2,700,000 2,600,000 3,000,000 2,500,000 3,100,000 3,200,000 4,200,000 4,500,000 5,100,000 5,400,000 6,100,000 6,800,000 7,000,000 6,800,000 7,100,000 7,300,000 7,500,000 3,000,000 3,200,000 3,500,000 
      other income
    		200,000 -400,000 -1,200,000 -9,000,000 2,600,000 -900,000 -1,200,000 3,600,000 2,500,000 -9,000,000 -4,000,000 419,200,000 2,400,000 300,000 3,700,000 -3,400,000 -4,700,000 -3,900,000 -5,000,000 -2,750,000 -2,800,000 -4,000,000 -4,200,000 -3,775,000 -4,000,000 -5,600,000 -5,500,000 -3,875,000 -5,100,000 -4,600,000 -5,800,000 -1,875,000 -3,200,000 -1,900,000 -2,400,000 -1,550,000 -1,900,000 -2,300,000 -2,000,000 -1,900,000 -2,200,000 -2,700,000 -2,700,000 -875,000 -1,000,000 -1,200,000 -1,300,000 -700,000 -1,100,000 -700,000 -1,000,000 -8,125,000 -2,200,000 -1,200,000                    -500,000        
      earnings before benefit from income taxes
    		171,800,000 201,600,000 181,100,000 145,100,000 156,600,000 206,600,000 192,700,000 176,900,000 176,400,000 208,900,000 171,300,000 -242,900,000 144,700,000 165,300,000 156,600,000 181,800,000 166,400,000 151,300,000 126,100,000 151,900,000 137,300,000 87,000,000 67,700,000 115,500,000 112,800,000 132,200,000 111,600,000 154,800,000 131,500,000 146,100,000 125,400,000 140,800,000 131,600,000 128,000,000 120,400,000    103,600,000    82,800,000    64,900,000                                   
      benefit from income taxes
    		39,800,000 49,400,000 44,500,000 35,400,000 36,500,000 50,400,000 45,100,000 39,600,000 41,000,000 51,900,000 44,400,000 27,700,000 34,900,000 39,100,000 36,800,000 42,200,000 34,800,000 33,100,000 28,400,000 31,900,000 31,900,000 19,200,000 16,000,000 24,200,000 25,500,000 30,100,000 22,300,000 28,500,000 26,900,000 31,600,000 26,600,000 118,100,000 37,900,000 35,600,000 32,700,000 33,700,000 35,200,000 37,000,000 30,100,000 29,500,000 33,600,000 32,100,000 24,400,000 20,700,000 18,700,000 21,300,000 18,200,000 14,300,000 15,100,000 19,200,000 18,100,000 18,100,000 15,000,000 15,600,000 22,400,000 15,500,000 12,900,000  9,500,000 -8,200,000 12,300,000 1,800,000 11,400,000 9,400,000 11,400,000 6,100,000 2,700,000 2,800,000 7,400,000 10,000,000 7,700,000 -8,800,000 4,400,000 9,300,000 6,800,000 5,800,000 5,500,000 11,300,000 6,000,000  4,500,000 
      net earnings
    		132,000,000 152,200,000 136,600,000 109,700,000 120,100,000 156,200,000 147,600,000 137,300,000 135,400,000 157,000,000 126,900,000 -120,100,000 109,800,000 126,200,000 119,800,000 139,600,000 131,600,000 118,200,000 97,700,000 120,000,000 105,400,000 67,800,000 51,700,000 91,300,000 87,300,000 102,100,000 89,300,000 126,300,000 104,600,000 114,500,000 98,800,000 22,700,000 93,700,000 92,400,000 87,700,000 82,700,000 83,200,000 87,100,000 73,500,000 79,800,000 73,600,000 71,100,000 58,400,000 53,200,000 50,600,000 57,300,000 46,700,000 42,400,000 46,200,000 42,100,000 39,000,000 39,300,000 37,000,000 35,000,000 47,500,000 32,100,000 182,300,000 50,300,000 41,000,000 32,100,000 32,000,000 16,600,000 30,800,000 22,700,000 34,600,000 23,700,000 8,700,000 6,700,000 21,400,000 31,900,000 21,900,000 17,000,000 24,700,000 27,000,000 19,500,000 18,900,000 17,000,000 25,100,000 15,500,000 9,700,000 6,500,000 
      basic net earnings per share of common stock
    		0.94 1.07 0.95 0.725 0.82 1.07 1 0.698 0.9 1.04 0.84                                                                       
      diluted net earnings per share of common stock
    		0.94 1.07 0.95 0.76 0.82 1.06 1 0.92 0.9 1.04 0.84 -0.76 0.71 0.81 0.76 0.87 0.82 0.73 0.6 0.74 0.65 0.42 0.32 0.56 0.53 0.61 0.53 0.74 0.61 0.66 0.57 0.13 0.54 0.53 0.5 0.47 0.47 0.98 0.83 0.9 0.82 0.79 0.65 0.423 0.56 0.63 0.51 0.343 0.5 0.45 0.42                               
      dividends per share of common stock
    		0.34 0.34 0.34 0.24 0.32 0.32 0.32 0.225 0.3 0.3 0.3 0.21 0.28 0.28 0.28 0.195 0.26 0.26 0.26 0.18 0.24 0.24 0.24 0.165 0.22 0.22 0.22 0.135 0.18 0.18 0.18 0.105 0.14 0.14 0.14 0.09 0.12 0.24 0.24 0.143 0.19 0.19 0.19 0.113 0.15 0.15 0.15 0.085 0.12 0.12 0.1 0.13 0.2 0.16 0.16 0.11 0.16 0.14                        
      impairment expense
    		       3,900,000   15,600,000                                                                       
      net earnings per share of common stock
    		           -0.77 0.71 0.81 0.76 0.88 0.83 0.74 0.6 0.74 0.65 0.42 0.32 0.56 0.53 0.61 0.53 0.74 0.61 0.67 0.58 0.14 0.54 0.53 0.51 0.48 0.48 1 0.84 0.91 0.83 0.8 0.65 0.428 0.56 0.63 0.51 0.345 0.5 0.45 0.42                               
      severance and restructuring expenses
    		                   1,925,000 1,600,000 6,100,000                                                            
      restructuring and impairment expenses
    		                              6,700,000                                                   
      condensed consolidated statements of comprehensive earnings
    		                                                                                 
      other comprehensive earnings
    		                                                                                 
      foreign currency translation adjustments
    		                              18.4                                                   
      unrealized net gain on cash flow derivative instruments, less related income tax provision of (0.7) in 2018 and (0.7) in 2017
    		                              2                                                   
      adjustment to pension liability, less related income tax provision of (1.1) in 2018 and (1.7) in 2017
    		                              3.4                                                   
      comprehensive earnings
    		                              122.6                                                   
      restructuring, impairment and settlement expenses
    		                                                                                 
      restructuring, impairment and settlement expenses—net
    		                                                                                 
      contingent consideration adjustment
    		                                                   3,100,000 -6,400,000                             
      restructuring, impairment and settlement expense
    		                                               1,800,000 1,300,000 4,200,000                                
      restructuring, impairment and settlement expense - net
    		                                                  1,700,000                               
      continuing operations
    		                                                   0.648 0.8 0.76 1.03 0.68 0.58 0.62 0.52             -2,319,997.11 800,000 880,000  -1,879,997.49 550,000 820,000    
      settlement income
    		                                                                                 
      earnings from continuing operations
    		                                                   43,200,000 37,000,000 35,000,000 47,500,000 31,500,000 26,900,000 28,600,000 24,200,000     22,700,000 34,600,000 23,700,000      17,000,000 24,700,000 27,000,000  19,200,000 16,600,000 24,900,000    
      discontinued operations
    		                                                       0.02 3.36 0.47 0.37                 -19,999.99 10,000 10,000    
      earnings from discontinued epc operations, less benefit from income taxes of 0.4 and 14.9 in 2011
    		                                                                                 
      gain on sale of discontinued epc operations less benefit from income taxes of 143.5 and 143.5 in 2011
    		                                                                                 
      earnings from discontinued epc operations, less benefit from income taxes of 8.8 and 14.5 in 2011
    		                                                                                 
      other income - net
    		                                                      -29,100,000 -4,675,000 -15,800,000 -5,100,000 2,200,000 -1,200,000 1,000,000 -600,000 1,300,000 900,000 600,000   200,000 1,500,000      200,000  400,000 -4,800,000 4,400,000 700,000 700,000 
      earnings from discontinued epc operations, less benefit from income taxes of 5.7 in 2011
    		                                                                                 
      flood related expense
    		                                                             34,200,000                    
      restructuring, impairment and settlement income
    		                                                       -2,800,000  -11,200,000                        
      earnings before equity loss in joint venture
    		                                                       19,925,000 26,900,000 28,600,000 24,200,000 19,875,000 32,000,000 16,600,000 30,900,000    8,800,000 18,875,000 21,500,000 32,000,000 22,000,000           
      equity loss in joint venture
    		                                                           -25,000   -100,000 -100,000 -100,000 -200,000 -100,000  -100,000 -100,000 -100,000           
      earnings from discontinued epc operations, less benefit from income taxes of 0.4 and 14.9 in 2011 and 5.2 and 16.4 in 2010
    		                                                       10,900,000 5,100,000                         
      gain on sale of discontinued epc operations, less benefit from income taxes of 143.5
    		                                                       37,575,000 150,300,000                         
      net income attributable to noncontrolling interest
    		                                                                                 
      net earnings attributable to a. o. smith corporation
    		                                                       32,100,000 182,300,000 50,300,000 41,000,000 32,200,000 32,000,000 16,600,000 30,900,000 22,700,000 34,600,000 21,300,000                
      benefit for income taxes
    		                                                         12,400,000                        
      earnings from discontinued epc operations, less benefit from income taxes of 8.8 and 14.5 in 2011 and 7.5 and 11.2 in 2010
    		                                                         21,700,000                        
      equity (loss) in joint venture
    		                                                                                 
      earnings from discontinued epc operations, less benefit from income taxes of 5.7 in 2011 and 3.7 in 2010
    		                                                          16,800,000                       
      dividends per common stock
    		                                                          0.14                       
      water products
    		                                                           279,775,000 377,500,000 374,900,000 366,700,000 253,200,000 336,700,000 337,100,000 339,000,000 276,250,000 372,100,000 380,800,000 352,100,000 261,050,000 334,500,000 354,200,000 355,400,000 229,600,000 344,200,000     
      electrical products
    		                                                           134,850,000 183,300,000 198,300,000 157,800,000 118,000,000 165,900,000 162,400,000 143,600,000 173,725,000 231,900,000 242,400,000 220,500,000 175,400,000 220,100,000 258,500,000 223,000,000 176,000,000 220,700,000 254,100,000 229,200,000 211,000,000 234,500,000 
      inter-segment sales
    		                                                           -800,000 -1,400,000 -700,000 -1,100,000 -725,000 -1,100,000 -800,000 -1,000,000 -900,000 -1,300,000 -1,000,000 -1,200,000 -900,000 -1,100,000 -1,200,000 -1,200,000 -1,175,000 -900,000 -2,500,000  -1,600,000 -800,000 
      direct flood related expense
    		                                                           8,550,000                      
      restructuring and other charges/
    		                                                           25,000 -400,000 -400,000  1,200,000 -3,000,000                 
      less: net earnings attributable to noncontrolling interest
    		                                                           25,000      -2,400,000                
      earnings per common share
    		                                                                                 
      basic
    		                                                           652,500 1,050,000 540,000 1,020,000    290,000 625,000 710,000 1,060,000 730,000    640,000     330,000 220,000 
      diluted
    		                                                           647,500 1,040,000 540,000 1,010,000    290,000 620,000 700,000 1,060,000 720,000    630,000    500,000 320,000 220,000 
      dividends to a. o. smith shareholders
    		                                                           150,000 210,000 195,000  143,750 195,000 190,000                
      restructuring and other charges
    		                                                              900,000    1,400,000 3,000,000 2,100,000 300,000 3,800,000 21,600,000 300,000 1,600,000 1,200,000 3,500,000 2,800,000 1,800,000 1,500,000 3,000,000 8,600,000 
      net (earnings) loss attributable to noncontrolling interest
    		                                                              100,000                   
      dividends per common share
    		                                                              195,000    190,000 137,500 190,000 180,000 180,000 130,000 180,000 170,000 170,000 122,500 170,000 160,000 160,000 160,000 160,000 
      earnings before equity loss in joint venture and discontinued operations
    		                                                               22,800,000 34,700,000 23,900,000                
      discontinued sico operations
    		                                                                                 
      earnings per common share
    		                                                                                 
      basic
    		                                                           652,500 1,050,000 540,000 1,020,000    290,000 625,000 710,000 1,060,000 730,000    640,000     330,000 220,000 
      before discontinued operations
    		                                                               -2,699,996.59 1,150,000 850,000                
      net
    		                                                               675,000 1,150,000 850,000      580,000 800,000 880,000  475,000 560,000 830,000    
      diluted
    		                                                                                 
      other (income)/expense - net
    		                                                                 700,000                
      other (income)/ expense - net
    		                                                                  800,000    -100,000           
      other income—net
    		                                                                       -250,000 -700,000         
      earnings from discontinued operations after tax
    		                                                                                 
      discontinued operations after tax
    		                                                                           150,000 400,000 200,000    
      water systems
    		                                                                             342,900,000 231,300,000 199,000,000 204,000,000 
      inter-segment
    		                                                                              -1,300,000   
      earnings per common share long-term debt retired
    		                                                                                 
      long-term debt incurred
    		                                                                              510,000   
      diluted
    		                                                           647,500 1,040,000 540,000 1,010,000    290,000 620,000 700,000 1,060,000 720,000    630,000    500,000 320,000 220,000 
      provision (credit) for income taxes
    		                                                                               4,700,000  
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.