Company: AOS
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000091142-25-000075
Chunk: 19

Company: SMITH A O CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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 — — Selling, general and administrative expenses113.4 57.4 — 170.8 21.8 192.6 Other (income) expense, net(0.9)0.6 — (0.3)(0.9)(1.2)Earnings$185.2 $19.7 $— $204.9 $(20.9)$184.0 Interest expense(2.9)Earnings before provision for income taxes$181.1 Three Months Ended March 31, 2024(dollars in millions)North AmericaRest of WorldInter-segment EliminationTotal SegmentsLess: Corporate ExpensesTotalSales from external customers$761.6 $217.2 $— $978.8 $— $978.8 Inter-segment sales4.7 9.7 — 14.4 — 14.4 766.3 226.9 — 993.2 — 993.2 Elimination of Inter-segment sales(4.7)(9.7)— (14.4)— (14.4)Net Sales761.6 217.2 — 978.8 — 978.8 Cost of products sold449.1 145.0 — 594.1 — 594.1 Gross Profit312.5 72.2 — 384.7 — 384.7 Inter-segment Profit— 0.3 (0.3)— — — Selling, general and administrative expenses113.3 56.5 — 169.8 22.4 192.2 Other expense (income), net0.5 (1.2)— (0.7)(0.5)(1.2)Earnings$198.7 $17.2 $(0.3)$215.6 $(21.9)$193.7 Interest expense(1.0)Earnings before provision for income taxes$192.7 

12

Table of Contents9. Segment Results (continued)

Assets, depreciation and capital expenditures by segmentAssets(dollars in millions)March 31, 2025December 31, 2024North America$2,437.3 $2,315.2 Rest of World557.7 592.