A.O. Smith Corp (STU:3SM)
€ 69.02 0.56 (0.82%) Market Cap: 10.14 Bil Enterprise Value: 10.03 Bil PE Ratio: 19.11 PB Ratio: 5.59 GF Score: 83/100

Q3 2023 A O Smith Corp Earnings Call Transcript

Oct 26, 2023 / 02:00PM GMT
Release Date Price: €62.16 (+0.58%)
Operator

Welcome to the A. O. Smith's Third Quarter 2023 Earnings Call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the call over to our first speaker for today, Helen Gurholt. Your line is now open.

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

Good morning, and thank you, everyone, for your patience while we dealt with our technical difficulties.

Welcome to our A.O. Smith's 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 impairment

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