AAON, Inc. (AAON) Misses Q4 EPS by 4c

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Go back to AAON, Inc. (AAON) Misses Q4 EPS by 4c

AAON Reports Record Revenue and Earnings for 2016 Despite a Slump in Fourth Quarter Results

February 23, 2017 7:01 AM EST

TULSA, Okla., Feb. 23, 2017 (GLOBE NEWSWIRE) -- AAON, INC. (NASDAQ: AAON), today announced its results for the fourth quarter and year 2016. Sales in the fourth quarter were $91.7 million, down 5.7% from $97.2 million in 2015. Net income was $11.4 million, declining 11.8% from $12.9 million in the same period a year ago. Sales for the year 2016 reached a record level, $384.0 million, representing a gain of 7.1% compared to $358.6 million in 2015. Net income for 2016 was also a record, $53.4 million, rising 16.7% compared to $45.7 million in 2015.

Earnings for the fourth quarter of 2016 and 2015 were $0.21 and $0.24 per diluted share, down 12.5%, based upon 53.4 million and 54.0 million... More