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A. O. Smith (AOS) Risk Factor Changes

Latest 10-K compared with the year before

A. O. Smith Risk Factor Changes

Latest 10-K compared with the year before. 13 changes found.

RewrittenOur products are subject to a wide variety of statutory,…

Our products are subject to a wide variety of statutory, regulatory, codes and industry standards and requirements related to, among other items, energy and water efficiency, environmental emissions, labeling and safety.

RewrittenConsistent with our stated strategic priorities, we will continue to…

Consistent with our stated strategic priorities, we will continue to evaluate potential acquisitions, and we could use a significant portion of our available capital to fund future acquisitions.

RewrittenIn the ordinary course of business, we utilize information systems…

In the ordinary course of business, we utilize information systems for day-to-day operations, to collect and store sensitive data and information, including our proprietary and regulated business information and perso…

RewrittenResidential new construction activity in North America declined in 2025…

Residential new construction activity in North America declined in 2025 and industry-wide replacement-related volume of water heaters was flat compared to 2024.

RewrittenApproximately 31 percent of our sales in 2025 were attributable…

Approximately 31 percent of our sales in 2025 were attributable to products sold outside of the U.S., primarily in China and Canada, and to a lesser extent in India and Europe.

Rewrittenconsumer confidence and sentiment, as well as economic uncertainty, sociopolitical…

consumer confidence and sentiment, as well as economic uncertainty, sociopolitical and demographic risks, availability of government incentives, and increased competition from Chinese-based companies may prompt Chines…

RewrittenOur third-party sales in China decreased twelve percent in local…

Our third-party sales in China decreased twelve percent in local currency in 2025 compared to 2024.

Rewritten■Because approximately 18 percent of our sales in 2025 were…

■Because approximately 18 percent of our sales in 2025 were attributable to China, adverse economic conditions or changes in consumer behavior in China could impact our business

RewrittenImport tariffs, taxes, customs duties and other trading regulations imposed…

Import tariffs, taxes, customs duties and other trading regulations imposed by the U.S.

RemovedIn the ordinary course of business, we utilize information systems…

In the ordinary course of business, we utilize information systems for day-to-day operations, to collect and store sensitive data and information, including our proprietary and regulated business information and perso…

RemovedUnfavorable changes to import tariffs, taxes, customs duties and other…

Unfavorable changes to import tariffs, taxes, customs duties and other trading regulations could have a material adverse effect on our financial condition, results of operations and cash flows.

Addedcould increase our vulnerability to general adverse economic and industry…

could increase our vulnerability to general adverse economic and industry conditions and limit our ability to service our debt or obtain additional financing.

AddedIn 2025, we announced a strategic assessment of our China…

In 2025, we announced a strategic assessment of our China business.

Full wording for every change is in Pro.

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