AAON, Inc. (AAON) Misses Q3 EPS by 2c

AAON, Inc. (NASDAQ: AAON) reported Q3 EPS of $0.26, $0.02 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $113.5 million versus the consensus estimate of $126.84 million.

Gary D. Fields, President, said, “Our net sales have been constrained primarily by sheet metal production. We are beginning to see improvements in our manufacturing capacity due to additional Salvagnini sheet metal fabrication machines coming online during mid-September. In addition, we have significantly increased the number of our Salvagnini maintenance technicians on staff, and our heightened emphasis on best-practice equipment maintenance policies has also contributed to manufacturing capacity improvements. We have recently reorganized certain key production management positions at our Tulsa facilities and are witnessing operational improvements as a direct result.”

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