A.O. Smith Corp (STU:3SM)
€ 70.96 0.9 (1.28%) Market Cap: 10.27 Bil Enterprise Value: 10.16 Bil PE Ratio: 19.65 PB Ratio: 5.75 GF Score: 85/100

Q3 2022 A O Smith Corp Earnings Call Transcript

Oct 27, 2022 / 02:00PM GMT
Release Date Price: €51.32 (-1.27%)
Operator

Hello. Thank you for standing by, and welcome to the A.O. Smith Third Quarter 2022 Earnings Call.

(Operator Instructions).

Please be advised that this conference may be recorded. I would now like to hand the conference over to your speaker today, Helen Gurholt. Please go ahead.

Helen E. Gurholt
A. O. Smith Corporation - VP of IR and Financial Planning & Analysis

Thank you, Josh. Good morning, and welcome to the A.O. Smith Third Quarter Conference Call. I'm Helen Gurholt, Vice President, Investor Relations and Financial Planning and Analysis. Joining me today are Kevin Wheeler, Chairman and Chief Executive Officer; and Chuck Lauber, Chief Financial Officer.

In order to provide improved transparency into our operating results of our business, we provided non-GAAP measures. Free cash flow is defined as cash from operations less capital expenditures. Adjusted earnings, adjusted earnings per share, adjusted segment earnings and adjusted corporate expenses exclude the impact of nonoperating, noncash pension income and expenses as

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