Edwyn
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenue | $2,993 | $2,895 | $3,539 | $3,754 | $3,853 |
| Gross Profit | $1,181 | $1,108 | $1,311 | $1,330 | $1,485 |
| Operating Income | $529 | $503 | $682 | $362 | $810 |
| Net Income | $370 | $345 | $487 | $236 | $557 |
Over the five-year period, A. O. Smith Corporation’s revenue shows an overall upward trajectory despite a slight dip in 2020, likely reflecting the challenges of a volatile economic environment. Revenue increased from approximately 2993 million USD in 2019 to 3853 million USD in 2023. The most notable revenue jump occurred between 2020 and 2021 when revenue soared from 2895 million USD to 3539 million USD—a rise of over 22%—indicating a rapid rebound. Gross profit trends largely mirror revenue movements, growing from 1181 million USD in 2019 to 1485 million USD in 2023 following an initial dip in 2020. However, operating income and net income experienced pronounced fluctuations. Operating income declined modestly from 529 million USD in 2019 to 503 million USD in 2020, surged to 682 million USD in 2021, then sharply fell to 362 million USD in 2022 (a drop of more than 47%), before rebounding to 810 million USD in 2023. Similarly, net income peaked at 487 million USD in 2021, dipped significantly to 236 million USD in 2022, and recovered to 557 million USD in 2023. This variability in operating and net income suggests periods of operational stress and subsequent recovery, potentially influenced by industry-specific challenges such as supply chain interruptions or shifts in operational strategy. Overall, however, the company exhibits robust financial health, with steady revenue growth and a resilient bottom line that has bounced back strongly in the most recent year. This performance, set against the backdrop of a competitive water and wastewater treatment industry, positions A. O. Smith as a potentially sustainable player with the ability to navigate economic headwinds.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.