A.O. Smith Corp (LTS:0L7A)
$ 68.63 -0.49 (-0.71%) Market Cap: 9.99 Bil Enterprise Value: 9.88 Bil PE Ratio: 17.92 PB Ratio: 5.24 GF Score: 84/100

Q1 2022 A O Smith Corp Earnings Call Transcript

Apr 28, 2022 / 02:00PM GMT
Release Date Price: $59.27 (-5.73%)
Operator

Good day, and thank you for standing by. Welcome to the first quarter 2022 earnings call. (Operator Instructions) please be advised that today's conference is being recorded. (Operator Instructions).

I would now like to hand the conference over to Helen Gurholt. Ma'am, please go ahead.

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

Thank you, Katherine. 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 to our operating results, 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 nonoperating, noncash pension income and expenses. Reconciliations from

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