AAON Q1 net sales down 1.4% to $262.1M; EPS $0.46, up from $0.44; gross margin expands to 35.2%

AAON, INC.

2024-Q1 EPS reported $0.46 revenue$262,099,000

Net sales $262.1M vs $266.0M YoY (-1.4%); volume -5.7%, price +4.3%.
Gross profit margin 35.2% (up from 29.0%); operating income $47.0M (+6.3%).
Diluted EPS $0.46 vs $0.44; includes $4.4M excess tax benefit from stock compensation.
Segment: AAON Oklahoma +4.0%, AAON Coil Products -27.4%, BASX -9.3%.
SG&A as % of sales 17.3% vs 12.4% due to higher professional fees and investments.

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 0.9

AAON, INC. reported the first quarter of 2024 results: revenue $262.1 million, net income $39,016, EPS $0.46.

Period: the first quarter of 2024
Revenue: $262.1 million
Net income: $39,016
EPS: $0.46
Result: reported results

Exact text from the filing

Net sales for the first quarter of 2024 decreased 1.4% to $262.1 million from $266.0 million in the first quarter of 2023.

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AAON, INC. filing history →

Source: SEC EDGAR

accession 0000824142-24-000121

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