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Stock impact report

AAON Reports Sales And Earnings For The Fourth Quarter And Year 2018

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: GlobeNewswire
TULSA, Okla., Feb. 28, 2019 (GLOBE NEWSWIRE) -- AAON, INC. (NASDAQ-AAON), today announced its results for the fourth quarter and year 2018. Sales in the fourth quarter were $112.3 million, up 7.9% from $104.2 million in 2017. Net income for the fourth quarter was $12.5 million, a decrease of 20.5% from $15.8 million in the same period a year ago. The fourth quarter of 2017 had a benefit of $4.4 million related to the enactment of the Tax Cuts and Jobs Act (the "Act") discussed below.  Sales for the year 2018 reached a record level, $433.9 million, representing a gain of 7.1% compared to $405.2 million in 2017. Net income for 2018 was $42.6 million, a decrease of 21.9% compared to $54.5 million in 2017. Our backlog at December 31, 2018 increased 86.8% to $151.8 million, from $81.2 million for the same period a year ago. Earnings for the fourth quarter of 2018 were $0.24 per diluted share, down 19.7% from $0.30 per diluted share in 2017, based upon 52.4 million and 52.9 million dilu Show less Read more
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