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

Q1 2023 A O Smith Corp Earnings Call Transcript

Apr 27, 2023 / 02:00PM GMT
Release Date Price: €61.96
Operator

Good day, and thank you for standing by. Welcome to the A. O. Smith First Quarter 2023 Earnings Conference Call.

(Operator Instructions)

Please be advised that today's conference is being recorded. I would like to hand the conference over to your speaker today, Helen Gurholt. Helen, please go ahead.

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

Thank you, Ellinor. Good morning, and welcome to the A. O. Smith First 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 the operating results of our business, we provide 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 impairment charges, non

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