AAON Reports $0.82 Earnings per Share in Q2 Results
August 12, 2023
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AAON ($NASDAQ:AAON) was also able to reduce its operating expenses by reducing its research and development costs and by implementing a cost-saving program that cut non-salary expenses. This is the fourth consecutive quarter that AAON has posted positive earnings results and investors are pleased with the company’s performance. The stock rose in pre-market trading following the announcement of the results and is now trading at a record high. Investors will be eagerly watching to see if AAON’s success continues into the third quarter and beyond.
Earnings
AAON Inc. recently released their fiscal year 2023 second quarter results as of June 30, 2021. The report showed that total revenue was 143.88M USD, representing a decrease of 31.1% from the same period last year. Net income was 20.62M USD, which is a 29.3% increase compared to the previous year. In the last three years, AAON’s total revenue has grown steadily, reaching 283.96M USD.
Earnings per share (EPS) was reported at $0.82 for the quarter, representing a slight increase compared to the previous year. Overall, these results demonstrate that the company has been able to maintain a steady level of performance despite the continued uncertainty of the economic environment. Moving forward, the company will continue to strive to develop new products and services that will ultimately help drive their financial performance in the coming quarters.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aaon. AAON_Reports_0.82_Earnings_per_Share_in_Q2_Results”>More…
| Total Revenues | Net Income | Net Margin |
| 1.05k | 148.87 | 14.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aaon. AAON_Reports_0.82_Earnings_per_Share_in_Q2_Results”>More…
| Operations | Investing | Financing |
| 122.84 | -87.27 | -26.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aaon. AAON_Reports_0.82_Earnings_per_Share_in_Q2_Results”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 930.05 | 269.94 | 12.17 |
Key Ratios Snapshot
Some of the financial key ratios for Aaon are shown below. AAON_Reports_0.82_Earnings_per_Share_in_Q2_Results”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.0% | 27.3% | 17.4% |
| FCF Margin | ROE | ROA |
| 3.4% | 17.9% | 12.2% |
Share Price
On Monday, AAON reported its Q2 results, showing earnings of $0.82 per share. The news sent the company’s stock price tumbling, with it opening at $98.1 and closing at $94.4, down 3.6% from its prior closing price of 98.0. Live Quote…
Analysis
At GoodWhale, we have conducted a detailed analysis of AAON‘s fundamentals. Our Risk Rating indicates that AAON is a high risk investment from both a financial and business perspective. Upon further investigation, we have found two risk warnings in their income statement that are non-financial in nature. If you would like to learn more about these risks, become a registered user of GoodWhale to get access to our detailed analysis. More…
Peers
The competition between AAON Inc and its competitors is fierce. Each company is trying to get a leg up on the other by offering better products and services. Kyoritsu Air Tech Inc, Harbin Air Conditioning Co Ltd, and Zhejiang Langdi Group Co Ltd are all major players in the industry, and they are all constantly innovating to stay ahead of the competition.
– Kyoritsu Air Tech Inc ($TSE:5997)
Kyoritsu Air Tech Inc has a market cap of 2.25B as of 2022, a Return on Equity of 4.9%. The company is engaged in the manufacture and sale of air conditioning equipment and related products. The company’s products are used in a variety of industries, including commercial, industrial, and residential. Kyoritsu Air Tech’s products are sold through a network of distributors and dealers in Japan and overseas.
– Harbin Air Conditioning Co Ltd ($SHSE:600202)
Harbin Air Conditioning Co Ltd is a Chinese company that manufactures air conditioners. The company has a market capitalization of 1.97 billion as of 2022 and a return on equity of 4.63%. The company’s products are sold in over 60 countries and regions. Harbin Air Conditioning Co Ltd is a publicly traded company listed on the Shenzhen Stock Exchange.
– Zhejiang Langdi Group Co Ltd ($SHSE:603726)
Zhejiang Langdi Group Co Ltd is a Chinese company that manufactures and sells construction materials. The company has a market cap of 2.88 billion as of 2022 and a return on equity of 7.03%. The company’s products include concrete, bricks, tiles, and other building materials.
Summary
AAON, a construction company, released its quarterly earnings results on Thursday, reporting $0.82 earnings per share. The result was below market expectations, and the stock price responded accordingly, declining on the same day. Investors should take this as an opportunity to analyze the company’s financials and make an informed decision about whether to invest in the company. In particular, they should assess the company’s profitability, liquidity, and debt burden to determine if it is a sound investment.
Additionally, investors may want to look at the company’s competitive position in the industry and its track record of delivering on guidance. With this information, investors can make an informed assessment of whether or not AAON is a good investment at this time.
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