secwatch / observer
8-K filed February 28, 2024, 6:59 PM ET ticker AAON CIK 0000824142
earnings confidence high sentiment positive materiality 0.90

AAON Q4 net sales up 20.4% to record $306.6M; EPS $0.56 vs $0.47 YoY

AAON, INC.

2023-FY EPS reported $2.13 revenue$1,168,518,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AAON, INC. reported the fourth quarter ended December 31, 2023 results: revenue $306,638, net income $47,049, EPS $0.56.

Period
the fourth quarter ended December 31, 2023
Revenue
$306,638
Net income
$47,049
EPS
$0.56
Result
reported results
Exact text from the filing
Financial Highlights: Three Months Ended December 31, % Years Ended December 31, % 2023 2022 Change 2023 2022 Change (in thousands, except share and per share data) (in thousands, except share and per share data) GAAP Measures Net sales $ 306,638 $ 254,598 20.4 % $ 1,168,518 $ 888,788 31.5 % Gross profit $ 111,739 $ 78,541 42.3 % $ 399,020 $ 237,572 68.0 % Gross profit margin 36.4 % 30.8 % 34.1 % 26.7 % Operating income $ 63,884 $ 46,598 37.1 % $ 227,494 $ 126,761 79.5 % Operating margin 20.8 % 18.3 % 19.5 % 14.3 % Net income $ 47,049 $ 38,898 21.0 % $ 177,623 $ 100,376 77.0 % Earnings per diluted share $ 0.56 $ 0.47 19.1 % $ 2.13 $ 1.24 71.8 % Diluted average shares 83,446,051 82,211,418 1.5 % 83,295,290 81,145,610 2.6 % Non-GAAP Measures EBITDA 1 $ 77,046 $ 56,184 37.1 % $ 274,465 $ 162,266 69.1 % EBITDA margin 1 25.1 % 22.1 % 23.5 % 18.3 % Adjusted EBITDA 1 $ 77,046 $ 56,184 37.1 % $ 281,215 $ 162,266 73.3 % Adjusted EBITDA margin 1 25.1 % 22.1 % 24.1 % 18.3 %
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AAON, INC. reported the year ended December 31, 2023 results: revenue $1,168,518, net income $177,623, EPS $2.13.

Period
the year ended December 31, 2023
Revenue
$1,168,518
Net income
$177,623
EPS
$2.13
Result
reported results
Exact text from the filing
Financial Highlights: Three Months Ended December 31, % Years Ended December 31, % 2023 2022 Change 2023 2022 Change (in thousands, except share and per share data) (in thousands, except share and per share data) GAAP Measures Net sales $ 306,638 $ 254,598 20.4 % $ 1,168,518 $ 888,788 31.5 % Gross profit $ 111,739 $ 78,541 42.3 % $ 399,020 $ 237,572 68.0 % Gross profit margin 36.4 % 30.8 % 34.1 % 26.7 % Operating income $ 63,884 $ 46,598 37.1 % $ 227,494 $ 126,761 79.5 % Operating margin 20.8 % 18.3 % 19.5 % 14.3 % Net income $ 47,049 $ 38,898 21.0 % $ 177,623 $ 100,376 77.0 % Earnings per diluted share $ 0.56 $ 0.47 19.1 % $ 2.13 $ 1.24 71.8 % Diluted average shares 83,446,051 82,211,418 1.5 % 83,295,290 81,145,610 2.6 % Non-GAAP Measures EBITDA 1 $ 77,046 $ 56,184 37.1 % $ 274,465 $ 162,266 69.1 % EBITDA margin 1 25.1 % 22.1 % 23.5 % 18.3 % Adjusted EBITDA 1 $ 77,046 $ 56,184 37.1 % $ 281,215 $ 162,266 73.3 % Adjusted EBITDA margin 1 25.1 % 22.1 % 24.1 % 18.3 %
View on SEC.gov

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AAON, INC. filing history →

Source: SEC EDGAR
accession 0000824142-24-000029
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