A Dark Vector Cognition product

Cover and table of contents

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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________________________________

FORM 10-Q

______________________________________________________

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2022.

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission File Number 1-475

________________________________

A. O. Smith Corporation

(Exact name of registrant as specified in its charter)

________________________________

Delaware

(State of Incorporation)

11270 West Park Place, Milwaukee, Wisconsin

(Address of Principal Executive Office)

39-0619790

(I.R.S. Employer

Identification No.)

53224-9508

(Zip Code)

(414) 359-4000

(Registrant’s telephone number, including area code)

_________________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock (par value $1.00 per share)AOSNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes o No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes o No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated Filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act.) ☐ Yes ☒ No

Class A Common Stock Outstanding as of April 28, 2022 - 25,971,005 shares

Common Stock Outstanding as of April 28, 2022 - 130,035,911 shares

Index

A. O. Smith Corporation

Page
Part I.FINANCIAL INFORMATION
Condensed Consolidated Statements of Earnings - Three Months Ended March 31, 2022 and 20213
Condensed Consolidated Statements of Comprehensive Earnings - Three Months Ended March 31, 2022 and 20213
Condensed Consolidated Balance Sheets - March 31, 2022 and December 31, 20214
Condensed Consolidated Statements of Cash Flows - Three Months Ended March 31, 2022 and 20215
Condensed Consolidated Statements of Stockholders’ Equity - Three Months Ended March 31, 2022 and 20216
Notes to Condensed Consolidated Financial Statements - March 31, 20227-17
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations18-25
Item 3.Quantitative and Qualitative Disclosures about Market Risk25
Item 4.Controls and Procedures25-26
Part II.OTHER INFORMATION
Item 1.Legal Proceedings26
Item 1A.Risk Factors26-27
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds27
Item 6.Exhibits27
Index to Exhibits28
Signatures29

PART I - FINANCIAL INFORMATION

Next: Item 1. FINANCIAL STATEMENTS