Company: AOS
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000091142-25-000150
Chunk: 19

Company: SMITH A O CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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ued and unvested at September 30, 2025110,948 72.10 

9. Segment Results

The Company is comprised of two reporting segments: North America and Rest of World. The Rest of World segment is primarily comprised of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks and water treatment products. Both segments primarily manufacture and market in their respective regions of the world. Three Months Ended September 30, 2025(dollars in millions)North AmericaRest of WorldInter-segment EliminationTotal SegmentsCorporate ExpensesTotalSales from external customers$737.7 $204.8 $— $942.5 $— $942.5 Inter-segment sales5.1 3.1 — 8.2 — 8.2 742.8 207.9 — 950.7 — 950.7 Elimination of Inter-segment sales(5.1)(3.1)— (8.2)— (8.2)Net Sales737.7 204.8 — 942.5 — 942.5 Cost of products sold447.9 130.1 — 578.0 — 578.0 Gross Profit289.8 74.7 — 364.5 — 364.5 Inter-segment Profit— — — — — — Selling, general and administrative expenses109.6 58.6 — 168.2 20.7 188.9 Other (income) expense, net0.5 0.7 — 1.2 (1.0)0.2 Earnings$179.7 $15.4 $— $195.1 $(19.7)$175.4 Interest expense(3.6)Earnings before provision for income taxes$171.8 

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Table of Contents9. Segment Results (continued)

Three Months Ended September 30, 2024(dollars in millions)North AmericaRest of WorldInter-segment EliminationTotal SegmentsCorporate ExpensesTotalSales from external customers$697.6 $205.0 $— $902.6 $— $902.6 Inter-segment sales5.7 5.3 —