A Dark Vector Cognition product

Cover and table of contents

9K characters. Original on sec.gov · Markdown

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 September 30, 2024.

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 October 21, 2024 - 25,885,433 shares

Common Stock Outstanding as of October 21, 2024 - 119,110,030 shares

Index

A. O. Smith Corporation

Page
Part I.FINANCIAL INFORMATION
Condensed Consolidated Statements of Earnings - Three and Nine Months Ended September 30, 2024 and 20233
Condensed Consolidated Statements of Comprehensive Earnings - Three and Nine Months Ended September 30, 2024 and 20233
Condensed Consolidated Balance Sheets - September 30, 2024 and December 31, 20234
Condensed Consolidated Statements of Cash Flows - Nine Months Ended September 30, 2024 and 20235
Condensed Consolidated Statements of Stockholders’ Equity - Three and Nine Months Ended September 30, 2024 and 20236
Notes to Condensed Consolidated Financial Statements - September 30, 20247-19
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20-28
Item 3.Quantitative and Qualitative Disclosures about Market Risk28
Item 4.Controls and Procedures29
Part II.OTHER INFORMATION
Item 1.Legal Proceedings29
Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities29
Item 5.Other Information29
Item 6.Exhibits29
Index to Exhibits30
Signatures31

PART I - FINANCIAL INFORMATION

Next: Item 1. FINANCIAL STATEMENTS