A. o. smith reports record 2022 sales, an increase of 6% over 2021 and introduces 2023 guidance

2022 highlights    (comparisons are year-over-year ("yoy"), unless otherwise noted) record sales of $3.8 billion, an increase of 6% primarily driven by previously announced inflation-related pricing actions net earnings of $235.7 million, including an after-tax non-cash pension settlement expense of $249.6 million, resulting in earnings per share (eps) of $1.51 as the company completed the planned settlement of the majority of its pension obligations adjusted earnings1 of $488.7 million resulted in adjusted eps1 of $3.14, an increase of 6% 2023 outlook: sales flat to 2022 at the mid-point with a range of plus or minus 3% eps of between $3.15 and $3.45 1 excludes pension settlement expense, legal judgment income, terminated acquisition-related expenses and non-operating pension expense and income. see accompanying gaap to non-gaap reconciliations for further details milwaukee , jan. 31, 2023 /prnewswire/ -- global water technology company a.
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