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Aaon Inc (AAON)
NASDAQ:AAON
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.53Last Year’s EPS
$0.56Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 1.21%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook driven by strong growth in the data center market, record backlogs, and strategic capacity expansions. However, challenges were noted in the Oklahoma segment and gross margin contraction. The traditional HVAC business faces near-term headwinds, but the overall company trajectory remains optimistic with robust investments in growth sectors.Company Guidance
During the AAON Q3 2024 earnings call, the company provided robust guidance, highlighting a 4.9% increase in revenue and an 8.6% rise in diluted earnings per share year-over-year. Notably, the adjusted EBITDA margin stood at 25.3%, marking it as one of the company's strongest quarters. The demand for data center equipment fueled this growth, with the backlog reaching $647.7 million, up 32% from the previous year. The data center sector alone accounted for nearly 30% of year-to-date bookings, showcasing significant growth compared to the previous year. The company also secured $174.5 million in orders for a liquid cooling solution, which are expected to be produced in early 2025, further bolstering AAON's position in the data center market. For the full year 2024, AAON maintained its outlook, anticipating a mid-single-digit pricing contribution and CapEx guidance increased to $215 million. Despite a projected short-term softening in their traditional rooftop business, AAON anticipates an acceleration of growth through 2025, driven by strong demand in the data center market and strategic capacity expansions.Revenue and Earnings Growth
Total revenue grew year-over-year by 4.9% and diluted earnings per share increased by 8.6%.
Record Backlogs
Total backlog finished at $647.7 million, up 32% from a year ago, with the AAON Coil Products segment backlog up approximately 63% and BASX segment backlog up over 100%.
Data Center Market Expansion
Data center equipment demand remains strong. Orders of approximately $174.5 million were received for a liquid cooling solution, with data center bookings nearly doubling year-to-date.
Capacity Expansion
Significant capacity expansions in Redmond, Oregon (15% increase) and Longview, Texas (50% increase) are underway, alongside a new 787,000 square foot facility acquisition in Memphis, Tennessee.
Strong Financial Position
The leverage ratio was 0.19x with cash flow from operations at $191.7 million, up from $107.1 million year-over-year.
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AAON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AAON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $119.03 | $138.16 | +16.07% |
| Aug 01, 2024 | $86.78 | $85.65 | -1.30% |
| May 02, 2024 | $90.65 | $78.20 | -13.73% |
| Feb 28, 2024 | $86.59 | $83.68 | -3.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aaon Inc (AAON) report earnings?
Aaon Inc (AAON) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Aaon Inc (AAON) earnings time?
Aaon Inc (AAON) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AAON EPS forecast?
AAON EPS forecast for the fiscal quarter 2024 (Q4) is $0.53.
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