Aaon reports Q3 non-GAAP EPS 63c, consensus 57c

Reports Q3 revenue $327.3 M, consensus $315.83M. Gary Fields, CEO, stated, “Q3 marked another quarter of strong results. Net sales for the quarter were a Company record, driven by robust growth at the BASX and AAON (AAON) Coil Products segments. Demand at these two segments was largely spurred by the data center market as we continue to opportunistically leverage this high-growth market with our highly-engineered solutions-based product offerings. At the AAON Oklahoma segment, sales and profitability were in line with our expectations. Operationally, this segment continued to perform at a high level. The BASX segment still has some room for margin improvement, which we expect will occur over the next six months as disruptions related to the capacity expansion project, including outsourcing of parts manufacturing, dissipates and its shop reaches optimal efficiency. Overall, we were pleased with Q3 results.”