A. O. Smith (AOS) 10-K Summary — Year Ended Dec 31, 2024
A. O. Smith Corporation filed its annual report covering business overview, risk factors, and financial results. The filing describes the company's operations and provides management's discussion of financial condition and results.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
A. O. Smith Corporation filed its annual report covering business overview, risk factors, and financial results. The filing describes the company's operations and provides management's discussion of financial condition and results.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$3.8B
Revenue reported for the fiscal year.
Operating income
$707.7M
Income from operations reported for the year.
Net income
$533.6M
Net income reported for the year.
Operating cash flow
$581.8M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $3.5B | n/a |
| Dec 31, 2022 | $3.8B | +6.1% |
| Dec 31, 2023 | $3.9B | +2.6% |
| Dec 31, 2024 | $3.8B | -0.9% |
Business overview
The company operates in the manufacturing sector, as outlined in the Business overview section. The filing references risk factors, unresolved staff comments, and cybersecurity matters as part of its business context.
Financial performance
Revenue for the most recent annual period was reported at a level consistent with the prior year, showing a slight decline. Operating income and net income were both positive, and cash flow from operations remained strong.
Material risks
The filing includes a dedicated Risk Factors section, though specific risk details are not elaborated in the supplied context. Unresolved staff comments and cybersecurity are also noted as areas of consideration.
Liquidity and capital
The Liquidity and Capital Resources discussion is referenced in the filing, but no specific capital allocation themes are detailed in the supplied context.
What to watch
Readers should monitor any updates to the unresolved staff comments referenced in the filing.