AAON, Inc. (AAON) Misses Q1 EPS by 17c
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AAON Reports Record First Quarter Sales but Lower Profit
May 3, 2018 7:00 AM EDTTULSA, Okla., May 03, 2018 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON) today announced its operating results for the first quarter and three months ended March 31, 2018.Â
In the quarter ended March 31, 2018, net sales were $99.1 million, up 15.1% from $86.1 million in 2017. Net income was $4.3 million, a decline of 58.3% from $10.2 million in the same period a year ago. Earnings per diluted share in the first quarter of 2018 were $0.08, down 57.9% from $0.19 for the same period in 2017, based upon 52.9 million and 53.2 million shares outstanding at March 31, 2018 and 2017, respectively.
Gross profit declined 38.4% to $15.4 million (15.5% of sales) versus... More
