Stock Analysis
AAON (NASDAQ:AAON) First Quarter 2024 Results
Key Financial Results
- Revenue: US$262.1m (down 1.4% from 1Q 2023).
- Net income: US$39.0m (up 6.0% from 1Q 2023).
- Profit margin: 15% (up from 14% in 1Q 2023). The increase in margin was driven by lower expenses.
- EPS: US$0.48 (up from US$0.46 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AAON Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) also missed analyst estimates by 4.6%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Building industry in the US.
Performance of the American Building industry.
The company's shares are down 14% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for AAON that you should be aware of.
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About NasdaqGS:AAON
AAON
Engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada.
Outstanding track record with flawless balance sheet.