---
schema_version: "secwatch.filing_event.v1"
accession: "0000824142-24-000029"
form_type: "8-K"
ticker: "AAON"
cik: "0000824142"
company_name: "AAON, INC."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:55:28.646003+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Q4 net sales $306.6M (+20.4% YoY); organic volume growth ~9.3%.
- Gross margin 36.4% vs 30.8% YoY; gross profit $111.7M (+42.3%).
- Net income $47.0M (+21.0%); diluted EPS $0.56 (+19.1%).
- Full year net sales $1,168.5M (+31.5%); net income $177.6M (+77.0%); EPS $2.13 (+71.8%).
- EBITDA margin 25.1% vs 22.1% in prior year Q4; record EBITDA for 2023.

## SEC filing metadata
- accession: 0000824142-24-000029
- form_type: 8-K
- ticker: AAON
- cik: 0000824142
- company_name: AAON, INC.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/824142/000082414224000029/0000824142-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/824142/000082414224000029/aaon-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000824142-24-000029
- JSON: https://secwatch.observer/filing/0000824142-24-000029.json
- Plain text: https://secwatch.observer/filing/0000824142-24-000029.txt

## Key facts
- Earnings Releases
  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
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/824142/000082414224000029/0000824142-24-000029-index.htm
- Earnings Releases
  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
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/824142/000082414224000029/0000824142-24-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.