AAON Earnings: Everything You Must Know Now

AAON Inc. (NASDAQ:AAON) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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AAON Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 45% to $0.29 in the quarter versus EPS of $0.20 in the year-earlier quarter.

Revenue: Rose 2.83% to $66.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AAON Inc. reported adjusted EPS income of $0.29 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $0.

Quoting Management: Norman H. Asbjornson, President and CEO, stated, “The first quarter increases in sales and income from operations primarily reflect price increases, although gross profit increased 2.1% (from 20.8% to 22.9%), while SG&A expenses also increased 1.2% (from 9.2% to 10.4%), a majority of which (SG&A) represents increased advertising expense and cash bonuses to employees which are not expected to occur during the rest of 2013.”

Key Stats (on next page)…

Revenue decreased 14.37% from $78.01 million in the previous quarter. EPS decreased 6.45% from $0.31 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.36 to a profit $0.4. For the current year, the average estimate has moved up from a profit of $1.16 to a profit of $1.25 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)