A. o. smith reports record sales and earnings in 2023 and introduces 2024 guidance

2023 highlights (comparisons are year-over-year ("yoy"), unless otherwise noted) record sales of $3.9 billion, an increase of 3% primarily driven by higher water heater volumes record net earnings of $556.6 million and record earnings per share (eps) of $3.69 driven by higher volumes and improved operating margin in north america adjusted earnings of $574.8 million resulted in adjusted eps of $3.81, an increase of 21% strong operating cash flow and free cash flow of $670 million and $598 million, respectively, and free cash flow conversion of 107% 2024 outlook: sales increase of 3% to 5% eps of between $3.90 and $4.15 milwaukee , jan. 30, 2024 /prnewswire/ -- global water technology company a. o. smith corporation ("the company") (nyse: aos) today announced its full year and fourth quarter 2023 results.
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