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Last $23.59 USD
Change Today -0.68 / -2.80%
Volume 91.0K
AAON On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

aaon inc (AAON) Key Developments

Aaon Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditures and Tax Rate Guidance for 2015

AAON Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales were $84,728,000 from $73,376,000 in 2013. Income from operations was $16,953,000 compared with $11,912,000 a year ago. Income before taxes was $17,028,000 against $11,978,000 a year ago. Net income was $10,533,000 from $7,766,000 in the same period a year ago. Basic and Diluted earnings per share were $0.19 compared with $0.14 a year ago. Adjusted net income was $10,543,000 compared with $7,766,000 a year ago. Adjusted earnings per share were $0.19 compared with $0.14 a year ago. EBITDAX was $20,567,000 against $15,825,000 a year ago. The increase in Net Sales were the result of a 9.5% increase in the number of units sold with the remaining increase due to changes in product mix. For the full year, the company reported net sales were $356,322,000 from $321,140,000 in 2013. Income from operations was $68,006,000 compared with $55,825,000 a year ago. Income before taxes was $68,246,000 against $56,294,000 a year ago. Net income was a record $44,158,000 from $37,547,000 in the same period a year ago. Basic and Diluted earnings per share were $0.80 compared with $0.68 a year ago. Net cash provided by operating activities was $52,279,000 against $53,592,000 a year ago. Capital expenditures were $16,127,000 against $9,041,000 a year ago. Adjusted net income was $46,407,000 compared with $37,547,000 a year ago. Adjusted earnings per share were $0.84 compared with $0.68 a year ago. EBITDAX was $82,389,000 against $70,938,000 a year ago. Shareholders' equity per diluted share is $3.14 at December 31, 2014, compared to $2.95 at December 31, 2013. The increase in Net Sales were the result of the favorable reception of new products and favorable market share gains. The company expects the capital expenditures for 2015 to be $22 million. It expects tax rate for the next year to be similar to 2014, but it really just depends on where sales are going to.

AAON Inc., Q4 2014 Earnings Call, Feb 27, 2015

AAON Inc., Q4 2014 Earnings Call, Feb 27, 2015

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

 

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Industry Analysis

AAON

Industry Average

Valuation AAON Industry Range
Price/Earnings 29.6x
Price/Sales 3.6x
Price/Book 7.3x
Price/Cash Flow 28.4x
TEV/Sales 3.5x
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