AAON Inc. (AAON) Misses Q1 EPS by 5c; Approves Three-for-Two Stock Split
AAON Inc. (NASDAQ: AAON) reported Q1 EPS of $0.22, $0.05 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $59.9 million, versus $49.3 million last year.
The Board of Directors of the Company has approved a 3-for-2 stock split of the Company's common stock to be paid in the form of a 50 percent stock dividend on June 13, 2011. Stockholders of record at the close of business on May 27, 2011, will receive one additional share for every two shares they hold as of that date. Cash will be paid in lieu of fractional shares. Based on the shares currently outstanding, the number of shares outstanding will increase from approximately 16.5 million to approximately 24.7 million.
The Board of Directors of the Company has approved a 3-for-2 stock split of the Company's common stock to be paid in the form of a 50 percent stock dividend on June 13, 2011. Stockholders of record at the close of business on May 27, 2011, will receive one additional share for every two shares they hold as of that date. Cash will be paid in lieu of fractional shares. Based on the shares currently outstanding, the number of shares outstanding will increase from approximately 16.5 million to approximately 24.7 million.