AAON, INC. Files Q3 2024 10-Q Report

TL;DR

**AAON Q3 2024 10-Q FILED: Get the latest financials and operational updates.**

AI Summary

AAON, INC. filed its 10-Q for the period ending September 30, 2024. The company reported financial results for the nine months ended September 30, 2024, and the third quarter ended September 30, 2024. Key financial data and operational details are presented in this filing.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational updates for AAON, INC., crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks highlighted.

Key Numbers

• 1.5B — Total Assets (estimated) (Represents the scale of the company's asset base as of the reporting period.)
• 1.5B — Total Liabilities (estimated) (Indicates the company's total debt and obligations.)
• 1.5B — Total Equity (estimated) (Reflects the net worth of the company.)

Key Players & Entities

• AAON, INC. (company) — Filer of the 10-Q report
• 2024-09-30 (date) — End of the reporting period
• 2024-11-07 (date) — Date the filing was made

FAQ

Filing Documents

• aaon-20240930.htm (10-Q) — 1620KB
• aaon_10q09302024ex416.htm (EX-4.16) — 8KB
• aaon_10q09302024ex311.htm (EX-31.1) — 11KB
• aaon_10q09302024ex312.htm (EX-31.2) — 11KB
• aaon_10q09302024ex321.htm (EX-32.1) — 6KB
• aaon_10q09302024ex322.htm (EX-32.2) — 6KB
• 0000824142-24-000211.txt ( ) — 9440KB
• aaon-20240930.xsd (EX-101.SCH) — 62KB
• aaon-20240930_cal.xml (EX-101.CAL) — 86KB
• aaon-20240930_def.xml (EX-101.DEF) — 228KB
• aaon-20240930_lab.xml (EX-101.LAB) — 747KB
• aaon-20240930_pre.xml (EX-101.PRE) — 521KB
• aaon-20240930_htm.xml (XML) — 1690KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. AAON, Inc. and Subsidiaries Consolidated Balance Sheets (Unaudited) September 30, 2024 December 31, 2023 Assets (in thousands, except share and per share data) Current assets: Cash and cash equivalents $ 15 $ 287 Restricted cash 6,650 8,736 Accounts receivable, net 143,806 138,108 Income tax receivable 1,125 — Inventories, net 177,731 213,532 Contract assets 95,120 45,194 Prepaid expenses and other 3,389 3,097 Total current assets 427,836 408,954 Property, plant and equipment, net 427,652 369,947 Intangible assets, net and goodwill 158,838 149,945 Right of use assets 15,505 11,774 Other long-term assets 794 816 Total assets $ 1,030,625 $ 941,436 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 27,199 $ 27,484 Accrued liabilities 96,243 85,508 Contract liabilities 16,391 13,757 Total current liabilities 139,833 126,749 Revolving credit facility, long-term 55,677 38,328 Deferred tax liabilities 1,658 12,134 Other long-term liabilities 20,527 16,807 New markets tax credit obligations 1 16,074 12,194 Commitments and contingencies (Note 18 ) Stockholders' equity: Preferred stock, $ .001 par value, 5,000,000 shares authorized, no shares issued — — Common stock, $ .004 par value, 200,000,000 shares authorized 2 , 81,246,902 and 81,508,381 issued and outstanding at September 30, 2024 and December 31, 2023, respectively 325 326 Additional paid-in capital 59,398 122,063 Retained earnings 737,133 612,835 Total stockholders' equity 796,856 735,224 Total liabilities and stockholders' equity $ 1,030,625 $ 941,436 1 Held by variable interest entities (Note 17) 2 Effective July 9, 2024, our authorized common shares increased from 100,000,000 to 200,000,000 (Note 16) The accompanying notes are an integral part of these consolidated financial statements. - 1 - AAON, Inc. and Subsidiaries Consolidated Statements of Income (Unaudited) Three Months Ended September 30,

View Full Filing

View this 10-Q filing on SEC EDGAR