Last $21.54 USD
Change Today +0.57 / 2.72%
Volume 190.5K
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As of 8:10 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

aaon inc (AAON) Key Developments

AAON Inc. Declares Regular Semi-Annual Cash Dividend, Payable on December 23, 2014

AAON Inc. announced at a meeting of the board of directors on November 4, 2014, the Board declared a regular semi-annual cash dividend of $0.09 per share. The next dividend will be paid to stockholders of record as of the close of business on December 2, 2014, with a payment date of December 23, 2014.

AAON Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014

AAON Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company’s sales and earnings for the third quarter and nine months ended September 30, 2014, were all time records and sales in the third quarter exceeded $100.0 million for the first time in any quarter in the company's history. Net sales in the third quarter were $102.9 million, up 14.7% from $89.7 million in 2013. Net income was $12.4 million, up 18.2% from $10.5 million for the same period a year ago. Earnings per basic and diluted share were $0.22, up 15.8% from $0.19 for the same period the previous year. The third quarter increase in sales primarily reflects shifts in product mix with more expensive units being sold during the period. Income from operations was $19,520,000 compared to $16,929,000 a year ago. Income before taxes was $19,532,000 compared to $17,004,000 a year ago. Net sales and net income for the nine months ended September 30, 2014, were $271.6 million, up 9.6% from $247.8 million in 2013, with net income of $33.6 million, up 12.9% compared to $29.8 million in 2013. Earnings per diluted share were $0.61, up 13.0% from $0.54, for the nine months ended September 30, 2014 and 2013, respectively. All per share earnings and shares reflect the three-for-two stock split effective July 16, 2014. Income from operations was $51,053,000 compared to $43,913,000 a year ago. Income before taxes was $51,218,000 compared to $44,316,000 a year ago. Net cash provided by operating activities was $39,144,000 compared to $38,843,000 a year ago. Capital expenditures were $13,567,000 compared to $6,407,000 a year ago. The increase in Net Sales were primarily the result of a shift in product mix and the price increases put in place at the end of the first quarter of 2013. The company provided earnings guidance for the full year of 2014. The company is confident of having record sales and profits for 2014, the company believes that it will experience its normal seasonal softening in the fourth quarter but expect to compare favorably with 2013. The company expects capital expenditures for the year to be $15 million to $16 million. The company expects effective tax rate for the full year of 2014 to be approximately 34%.

AAON Inc., Q3 2014 Earnings Call, Nov 06, 2014

AAON Inc., Q3 2014 Earnings Call, Nov 06, 2014

AAON Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

AAON Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $92.310 million compared to $91.241 million a year ago. Income from operations was of $17.292 million compared to $18.646 million a year ago. Income before taxes was $17.397 million compared to $18.956 million a year ago. Net income was $11.363 million or $0.20 per diluted share compared to $12.119 million or $0.22 per diluted share a year ago. For six months, the company reported net sales of $168.677 million compared to $158.074 million a year ago. Income from operations was of $31.533 million compared to $26.984 million a year ago. Income before taxes was $31.686 million compared to $27.312 million a year ago. Net income was $21.185 million or $0.38 per diluted share compared to $19.259 million or $0.35 per diluted share a year ago. Net cash provided by operating activities was $17.505 million compared to $27.740 million a year ago. Capital expenditures was $5.903 million compared to $1.949 million a year ago. Based on the first half year's results, backlog and other relevant factors, The company expects 2014 to surpass last year's sales and earnings. The company expects effective tax rate for the full year of 2014 to be approximately 34.0%.

AAON Inc., Q2 2014 Earnings Call, Aug 07, 2014

AAON Inc., Q2 2014 Earnings Call, Aug 07, 2014

 

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Valuation AAON Industry Range
Price/Earnings 28.1x
Price/Sales 3.3x
Price/Book 6.4x
Price/Cash Flow 27.6x
TEV/Sales 3.2x
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