secwatch.observer — SEC 8-K summary
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Issuer:     AAON, INC. (AAON)
CIK:        0000824142
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000824142-22-000234
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/824142/000082414222000234/0000824142-22-000234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/824142/000082414222000234/aaon-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000824142-22-000234

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer