secwatch.observer — SEC 8-K summary
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Issuer:     AAON, INC. (AAON)
CIK:        0000824142
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000824142-24-000121
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/824142/000082414224000121/0000824142-24-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/824142/000082414224000121/aaon-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000824142-24-000121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer