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Kevin Wheeler

Executive Chairman of the Board, A. O. Smith

Search every verified Kevin Wheeler interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Kevin Wheeler, Executive Chairman of the Board at A O Smith, participated in the company's fourth quarter 2024 earnings call on January 28, 2025. During the call, he discussed the company's strategic focus on direct-to-consumer, dealer, and wholesale businesses, while de-emphasizing the retail side. Wheeler described water treatment as a growth engine for the company, citing favorable mega trends in the space, though he noted that the company's double-digit growth expectations may take time to materialize as it evolves its approach. He also mentioned that acquisitions remain a focus to accelerate growth in this area. Wheeler stated that the company estimates 2025 capital expenditures will be between $90 million and $100 million, with expected free cash flow of $500 million to $550 million. He also said that A O Smith believes its customers enter 2025 with water heater inventories in a normal to lean position, while noting that the company was carrying slightly higher inventories due to lighter-than-expected volume in the final quarter of 2024. He outlined a goal to reduce overall days on hand—combining receivables, inventory, and payables—to below 40 days by the end of 2025.

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