Company: AOS
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0000091142-25-000100
Chunk: 19

Company: SMITH A O CORP
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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 and unvested at June 30, 2025109,763 72.21 

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 June 30, 2025(dollars in millions)North AmericaRest of WorldInter-segment EliminationTotal SegmentsCorporate ExpensesTotalSales from external customers$774.0 $237.3 $— $1,011.3 $— $1,011.3 Inter-segment sales5.0 2.8 — 7.8 — 7.8 779.0 240.1 — 1,019.1 — 1,019.1 Elimination of Inter-segment sales(5.0)(2.8)— (7.8)— (7.8)Net Sales774.0 237.3 — 1,011.3 — 1,011.3 Cost of products sold463.3 150.9 — 614.2 — 614.2 Gross Profit310.7 86.4 — 397.1 — 397.1 Inter-segment Profit— 0.2 (0.2)— — — Selling, general and administrative expenses112.8 60.6 — 173.4 17.9 191.3 Other (income) expense, net(0.2)0.7 — 0.5 (0.9)(0.4)Earnings$198.1 $25.3 $(0.2)$223.2 $(17.0)$206.2 Interest expense(4.6)Earnings before provision for income taxes$201.6 

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Table of Contents9. Segment Results (continued)

Three Months Ended June 30, 2024(dollars in millions)North AmericaRest of WorldInter-segment EliminationTotal SegmentsCorporate ExpensesTotalSales from external customers$784.4 $239.9 $— $1,024.3 $—