Company: AOS
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000091142-25-000036
Chunk: 62

Company: SMITH A O CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 62
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 Common Stock (shares issued 164,692,769 and 164,684,460 as of December 31, 2024 and 2023, respectively)164.7 164.7 Capital in excess of par value601.3 578.2 Retained earnings3,601.3 3,258.1 Accumulated other comprehensive loss(111.9)(84.2)Treasury stock at cost(2,502.0)(2,202.5)Total Stockholders’ Equity1,883.5 1,844.4 Total Liabilities and Stockholders’ Equity$3,240.0 $3,213.9 

See accompanying notes which are an integral part of these statements.

30

CONSOLIDATED STATEMENT OF EARNINGS 

Years ended December 31 (dollars in millions, except per share amounts)202420232022Net sales$3,818.1 $3,852.8 $3,753.9 Cost of products sold2,362.0 2,368.0 2,424.3 Gross profit1,456.1 1,484.8 1,329.6 Selling, general and administrative expenses739.3 727.4 670.9 Restructuring and impairment expenses17.6 18.8 — Interest expense6.7 12.0 9.4 Other (income) expense, net(8.5)(6.9)425.6 Earnings before provision for income taxes701.0 733.5 223.7 Provision for (benefit from) income taxes 167.4 176.9 (12.0)Net Earnings$533.6 $556.6 $235.7 Net Earnings Per Share of Common Stock (1)$3.65 $3.71 $1.52 Diluted Net Earnings Per Share of Common Stock (1)$3.63 $3.69 $1.51 

(1)Earnings per share amounts are calculated discretely and, therefore, may not add up to the total due to rounding.

CONSOLIDATED STATEMENT OF COMPREHENSIVE EARNINGS 

Years ended December 31 (dollars in millions)202420232022Net Earnings$533.6 $556.6 $235.