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Stock impact report

AAON Inc Reports Record Net Sales and Gross Profits for Third Quarter of 2023 [Yahoo! Finance]

AAON, Inc. (AAON) 
Last aaon, inc. earnings: 2/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: aaon.com/investors
Company Research Source: Yahoo! Finance
Net income for the quarter was $48.1 million, a 75.0% increase compared to the prior year quarter. AAON's backlog at the end of Q3 2023 was $490.6 million, down 4.7% from $514.7 million a year ago. AAON Inc ( NASDAQ:AAON ), a leading provider of HVAC solutions, announced its third-quarter results for 2023 on November 6, 2023. The company reported record net sales and gross profits for the second consecutive quarter, with all three segments performing well. The AAON Oklahoma and BASX segments saw robust double-digit organic net sales growth and record gross profits, while the AAON Coil Products segment recorded its highest profits over the last four quarters. Financial Highlights Net sales for the third quarter of 2023 increased by 28.6% to $312.0 million, up from $242.6 million in the third quarter of 2022. This marks the seventh straight quarter of record sales in the company's history. The gross profit margin for the quarter increased to 37.2%, up from 27.0% in the same qua Show less Read more
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