secwatch.observer — SEC 8-K summary
======================================

Issuer:     AAON, INC. (AAON)
CIK:        0000824142
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000824142-24-000209
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AAON Q3 2024 sales hit record $327M; EPS up 8.6% to $0.63; gross margin contracts 230bps
--------------------------------------------------------------------------------

- Net sales $327.3M (+4.9% YoY) record; BASX +58.8%, Coil Products +36.7%, Oklahoma -7.1%.
- GAAP diluted EPS $0.63 (+8.6%); adjusted EPS $0.63 (-1.6%); net income $52.6M (+9.5%).
- Gross margin 34.9% vs 37.2% (-230bps) from lower Oklahoma volumes and BASX inefficiencies.
- SG&A: elevated depreciation offset by absence of $7.5M settlement from Q3 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/824142/000082414224000209/0000824142-24-000209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/824142/000082414224000209/aaon-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000824142-24-000209

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