A. O. Smith Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,830	3,818	3,853	3,754	3,539
Revenue Growth (YoY)	0.32%	-0.90%	2.63%	6.08%	22.23%
Cost of Revenue	2,343	2,362	2,368	2,424	2,228
Gross Profit	1,487	1,456	1,485	1,330	1,311
Selling, General & Admin	759.4	739.3	727.4	705.5	702
Operating Expenses	759.4	739.3	727.4	705.5	702
Operating Income	728	716.8	757.4	624.1	608.9
Interest Expense	-13.5	-6.7	-12	-9.4	-4.3
Currency Exchange Gain (Loss)	-	-	-	-1.2	0.9
Other Non Operating Income (Expenses)	0.6	8.5	6.9	20.3	20.1
EBT Excluding Unusual Items	715.1	718.6	752.3	633.8	625.6
Merger & Restructuring Charges	-	-12.9	-3.2	-4.3	-
Asset Writedown	-	-4.7	-15.6	-	-
Legal Settlements	-	-	-	11.5	-
Other Unusual Items	-	-	-	-417.3	-
Pretax Income	715.1	701	733.5	223.7	625.6
Income Tax Expense	168.9	167.4	176.9	-12	138.5
Net Income	546.2	533.6	556.6	235.7	487.1
Net Income to Common	546.2	533.6	556.6	235.7	487.1
Net Income Growth	2.36%	-4.13%	136.15%	-51.61%	41.23%
Shares Outstanding (Basic)	141	146	150	155	160
Shares Outstanding (Diluted)	142	147	151	156	161
Shares Change (YoY)	-3.51%	-2.60%	-3.06%	-3.44%	-0.79%
EPS (Basic)	3.87	3.65	3.71	1.52	3.05
EPS (Diluted)	3.85	3.63	3.69	1.51	3.02
EPS Growth	6.06%	-1.63%	144.37%	-50.00%	42.45%
Free Cash Flow	546	473.8	597.7	321.1	566
Free Cash Flow Per Share	3.85	3.22	3.96	2.06	3.51
Dividend Per Share	1.380	1.300	1.220	1.140	1.060
Dividend Growth	6.15%	6.56%	7.02%	7.55%	8.16%
Gross Margin	38.83%	38.14%	38.54%	35.42%	37.04%
Operating Margin	19.01%	18.77%	19.66%	16.63%	17.21%
Profit Margin	14.26%	13.98%	14.45%	6.28%	13.76%
Free Cash Flow Margin	14.26%	12.41%	15.51%	8.55%	15.99%
EBITDA	813.1	795.6	835.7	701	686.8
EBITDA Margin	21.23%	20.84%	21.69%	18.67%	19.41%
D&A For EBITDA	85.1	78.8	78.3	76.9	77.9
EBIT	728	716.8	757.4	624.1	608.9
EBIT Margin	19.01%	18.77%	19.66%	16.63%	17.21%
Effective Tax Rate	23.62%	23.88%	24.12%	-	22.14%
Advertising Expenses	101.1	100.3	93.9	100.4	107

Source: S&P Global Market Intelligence. Standard template. Financial Sources.