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Mar 31, 2020
Aaon Q1 2020 Earnings Report
Reported record sales and earnings.
Key Takeaways
AAON reported record sales and earnings for the first quarter of 2020, driven by increased manufacturing capacity and swift response to public needs during the COVID-19 pandemic.
Net sales increased by 20.8% compared to Q1 2019.
Gross profit increased by 68.9% compared to Q1 2019.
Net income increased by 149.5% compared to Q1 2019.
Earnings per diluted share increased by 141.2% compared to Q1 2019.
Aaon
Aaon
Forward Guidance
While business continues to remain firm, evidenced by our 92% of expected order intake in the first quarter of 2020, we are closely monitoring and adapting to COVID-19 related variables. The company continues to work hard to keep our work environment safe so we can meet the needs of our customers and protect the health and well-being of our employees.