AAON, INC. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>AAON, INC. has submitted its Q1 2024 10-Q filing, detailing financial performance and position.</b>

AI Summary

AAON, INC. (AAON) filed a Quarterly Report (10-Q) with the SEC on May 2, 2024. AAON, INC. filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of 2024. The company's principal business is manufacturing heating and cooling equipment. The report includes financial data for the periods ending March 31, 2024, December 31, 2023, and March 31, 2023. Key financial statement components like Common Stock, Additional Paid In Capital, and Retained Earnings are detailed for various periods.

Why It Matters

For investors and stakeholders tracking AAON, INC., this filing contains several important signals. This filing provides investors and analysts with the latest financial performance data for AAON, INC. for the first quarter of 2024, enabling informed investment decisions. The detailed financial statements and disclosures within the 10-Q are crucial for understanding the company's operational results, financial health, and any material changes since the last filing.

Risk Assessment

Risk Level: low — AAON, INC. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures, indicating a routine update on the company's financial status.

Analyst Insight

Review the detailed segment data for Rooftop Units, Condensing Units, Air Handlers, and Outdoor Mechanical Rooms to identify performance trends across product lines.

Revenue Breakdown

Key Numbers

• 2024-03-31 — Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-05-02 — Filing Date (FILED AS OF DATE)
• 2024-01-01 — Quarter Start Date (Reporting period)
• 2024-03-31 — Quarter End Date (Reporting period)

Key Players & Entities

• AAON, INC. (company) — FILER
• 2024-03-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-05-02 (date) — FILED AS OF DATE
• Tulsa (location) — BUSINESS ADDRESS CITY
• NV (state) — STATE OF INCORPORATION
• 2024-01-01 (date) — Reporting period start date
• 2024-03-31 (date) — Reporting period end date

FAQ

Key Dates

• 2024-03-31: Period End Date — End of the first fiscal quarter of 2024.
• 2024-05-02: Filing Date — Date the 10-Q report was officially filed with the SEC.

Filing Documents

• aaon-20240331.htm (10-Q) — 1252KB
• aaon_10q03312024ex311.htm (EX-31.1) — 11KB
• aaon_10q03312024ex312.htm (EX-31.2) — 11KB
• aaon_10q03312024ex321.htm (EX-32.1) — 6KB
• aaon_10q03312024ex322.htm (EX-32.2) — 6KB
• 0000824142-24-000120.txt (&nbsp;) — 8110KB
• aaon-20240331.xsd (EX-101.SCH) — 61KB
• aaon-20240331_cal.xml (EX-101.CAL) — 86KB
• aaon-20240331_def.xml (EX-101.DEF) — 210KB
• aaon-20240331_lab.xml (EX-101.LAB) — 713KB
• aaon-20240331_pre.xml (EX-101.PRE) — 495KB
• aaon-20240331_htm.xml (XML) — 1342KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. AAON, Inc. and Subsidiaries Consolidated Balance Sheets (Unaudited) March 31, 2024 December 31, 2023 Assets (in thousands, except share and per share data) Current assets: Cash and cash equivalents $ 8,385 $ 287 Restricted cash 19,982 8,736 Accounts receivable, net 109,662 138,108 Inventories, net 196,252 213,532 Contract assets 50,581 45,194 Prepaid expenses and other 7,365 3,097 Total current assets 392,227 408,954 Property, plant and equipment: Land 15,918 15,438 Buildings 224,128 205,841 Machinery and equipment 401,637 391,366 Furniture and fixtures 42,861 40,787 Total property, plant and equipment 684,544 653,432 Less: Accumulated depreciation 293,980 283,485 Property, plant and equipment, net 390,564 369,947 Intangible assets, net 70,664 68,053 Goodwill 81,892 81,892 Right of use assets 16,696 11,774 Other long-term assets 878 816 Total assets $ 952,921 $ 941,436 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 15,438 $ 27,484 Accrued liabilities 93,198 85,508 Contract liabilities 16,527 13,757 Total current liabilities 125,163 126,749 Revolving credit facility, long-term — 38,328 Deferred tax liabilities 5,030 12,134 Other long-term liabilities 21,926 16,807 New markets tax credit obligations 1 15,994 12,194 Commitments and contingencies Stockholders' equity: Preferred stock, $ .001 par value, 5,000,000 shares authorized, no shares issued — — Common stock, $ .004 par value, 100,000,000 shares authorized, 82,117,680 and 81,508,381 issued and outstanding at March 31, 2024 and December 31, 2023, respectively 329 326 Additional paid-in capital 139,184 122,063 Retained earnings 645,295 612,835 Total stockholders' equity 784,808 735,224 Total liabilities and stockholders' equity $ 952,921 $ 941,436 1 Held by variable interest entities (Note 16) The accompanying notes are an integral part of these consolidated financial statements. - 1 - AAON, Inc. a

View Full Filing

View this 10-Q filing on SEC EDGAR