AAON Earnings Prediction
The chart below shows how AAON performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AAON sees a -2.59% change in stock price 10 days leading up to the earnings, and a +0.19% change 10 days following the report. On the earnings day itself, the stock moves by -1.26%. This data can give you a slight idea of what to expect for the next quarter's release.
AAON Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
327.25M
4.90%
4.36%
Gross Margin
34.88%
-6.29%
-3.30%
Operating Margin
20.02%
-13.41%
-6.58%
Net Margin
16.08%
4.35%
-3.48%
EPS
0.63
8.62%
1.61%
No Data Available
AAON Earnings Analysis
Aaon Inc Corporation (AAON.O) Earnings Conference Call
Positive
Quarterly Revenue and Earnings Growth: Total revenue grew year-over-year 4.9% and diluted earnings per share was up 8.6%, both strong results for the quarter.
Gross Margin Contraction: Gross margin contracted 230 basis points versus the comparable quarter a year ago, maintaining a healthy gross margin in the mid-30s.
Strongest EBITDA Margin Quarter: Adjusted EBITDA margin of 25.3% marked the third strongest quarter in company history.
Bookings Growth Overview: Bookings in the third quarter were up year-over-year in the mid-single digits, and year-to-date, they were up approximately 27%.
Backlog Increase Analysis: Total backlog finished at $647.7 million, up 32% from a year ago and was comparable with the total backlog at the end of the second quarter.
Negative
Gross Margin Decline: Gross margin contracted 230 basis points versus the comparable quarter a year ago.
Oklahoma Segment Decline: Sales and profits for the Oklahoma segment were down year-over-year 7.1%.
Gross Profit Decline: Gross profit decreased 1.7% to $114.2 million from $116.1 million.
SG&A Expense Reduction: Selling, general and administrative expenses decreased 5.5% to $48.6 million from $51.5 million in the third quarter of 2023.
BASX Segment Decline Analysis: The year-over-year decline in the BASX segment largely reflects the tough year-over-year comparison.
AAON FAQs
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AAON Earning Call Sentiment
AAON, Inc. (AAON) Q3 2024 Earnings Call Transcript
AAON.O
0.44%Positive
The earnings call presents a mixed picture: positive backlog growth, strong data center sales, and a solid balance sheet, but offset by competitive pressures, potential demand lull, and margin decline. The Q&A reveals uncertainty in Oklahoma segment revenue and refrigerant transitions. Despite strong EPS and buybacks, flat guidance and economic concerns neutralize sentiment.
