AAON Q1 net sales up 45.5% to record $266M; diluted EPS $0.67 (+103%)

AAON, INC.

2023-Q1 EPS reported $0.67 revenue$265,953,000

Net sales $266M, +45.5% YoY; organic volume/mix contributed 23.5%, pricing 22.0%.
Gross profit margin 29.0%, up 380 bps from 25.2%; price increases and moderating cost inflation drove expansion.
Net income $36.8M (+103.9%); diluted EPS $0.67 (+103%); EBITDA $54.6M, margin 20.5% vs 16.5%.
SG&A 12.4% of sales, down 20 bps; excess tax benefit of $3.8M from stock performance.

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 0.95

AAON, INC. reported first quarter ended March 31, 2023 results: revenue $265,953, net income $36,814, EPS $0.67.

Period: first quarter ended March 31, 2023
Revenue: $265,953
Net income: $36,814
EPS: $0.67
Result: reported results

Exact text from the filing

tax benefit of $3.8 million. Financial Highlights: Three Months Ended March 31, % 2023 2022 Change (in thousands, except share and per share data) GAAP Measures Net sales $ 265,953 $ 182,771 45.5 % Gross profit 77,154 46,064 67.5 % Gross profit margin 29.0 % 25.2 % Operating income $ 44,206 $ 23,010 92.1 % Operating margin 16.6 % 12.6 % Net income 36,814

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

AAON, INC. filing history →

Source: SEC EDGAR

accession 0000824142-23-000094

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