AAON Q3 net sales up 28.6% to $312M, EPS $0.58 (70.6% YoY increase), record margins

AAON, INC.

2023-Q3 EPS reported $1.57 revenue$861,880,000

Net sales $312.0M, up 28.6% YoY; seventh straight quarter of record sales.
Gross profit margin 37.2% vs 27.0% a year ago; operating margin 20.7%.
GAAP diluted EPS $0.58, up 70.6%; non-GAAP adjusted EPS $0.64, up 88.2%.
Adjusted EBITDA $83.7M, margin 26.8% vs 19.0% YoY; organic volume growth ~11.9%.
CEO cites productivity gains, incremental pricing, and abating supply chain disruptions.

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 0.85

AAON, INC. reported nine months ended September 30, 2023 results: net income Net income $ 130,574, EPS Earnings per diluted share 1 $ 1.57.

Period: nine months ended September 30, 2023
Net income: Net income $ 130,574
EPS: Earnings per diluted share 1 $ 1.57
Result: reported results

Exact text from the filing

Net income $ 48,078 $ 27,473 75.0 % $ 130,574 $ 61,478 112.4 %

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AAON, INC. reported third quarter ended September 30, 2023 results: revenue Net sales for the third quarter of 2023 increased 28.6% to $312.0 million, net income Net income for the quarter was $48.1 million, EPS Earnings per diluted share for the three months ended September 30, 2023, was $0.58.

Period: third quarter ended September 30, 2023
Revenue: Net sales for the third quarter of 2023 increased 28.6% to $312.0 million
Net income: Net income for the quarter was $48.1 million
EPS: Earnings per diluted share for the three months ended September 30, 2023, was $0.58
Result: reported results

Exact text from the filing

Net sales for the third quarter of 2023 increased 28.6% to $312.0 million from $242.6 million in the third quarter of 2022.

View on SEC.gov

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

AAON, INC. filing history →

Source: SEC EDGAR

accession 0000824142-23-000175

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