AAON Q3 sales $242.6M (+75% YoY), EPS $0.51 (+76% YoY), record backlog

AAON, INC.

2022-Q3 EPS reported $1.14 revenue$634,190,000

Net sales rose 75.1% to $242.6M from $138.6M; organic volume/mix added 26.9%, pricing 24.4%, BasX acquisition 23.8%.
Diluted EPS increased 75.9% to $0.51 from $0.29; gross margin improved to 27.0%, highest since Q2 2021.
BasX achieved record sales and EBITDA, and its backlog grew 33.8% sequentially vs Q2 2022.
SG&A ex-BasX fell 80 bp to 10.7% of sales, the lowest in over two years; third straight quarter of record production.
Backlog reached a record level, supporting continued strong volume growth ahead.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AAON, INC. reported the third quarter ended September 30, 2022 results: revenue $242.6 million, net income $27,473, EPS $0.51.

Period: the third quarter ended September 30, 2022
Revenue: $242.6 million
Net income: $27,473
EPS: $0.51
Result: reported results

Exact text from the filing

AAON REPORTS RECORD SALES, EARNINGS & BACKLOG FOR THE THIRD QUARTER OF 2022 TULSA, OK, November 7, 2022 - AAON, INC. (NASDAQ-AAON), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, today announced its results for the third quarter of 2022. Net sales for the third quarter of 2022 increased 75.1% to a record $242.6 million from $138.6 million in the third quarter of 2021.

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AAON, INC. filing history →

Source: SEC EDGAR

accession 0000824142-22-000234

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