Quarterly ResultMay 7, 2026, 07:17 AM
AAON Q1 Net Sales $496.9M, Net Income $39.8M, Diluted EPS $0.48
AI Summary
AAON, Inc. reported strong financial results for the first quarter ended March 31, 2026, with net sales increasing 54.3% to $496.9 million and net income rising 36.0% to $39.8 million. Diluted EPS also saw a significant increase of 37.1% to $0.48. The company's operating activities generated $34.0 million in cash, a notable turnaround from a cash usage in the prior year, and total assets grew to $1.79 billion. The results were also impacted by the One Big Beautiful Bill Act (OBBBA) tax law changes, which led to an increase in deferred tax liabilities and a decrease in current income tax payable.
Key Highlights
- Net sales increased 54.3% to $496.9 million for the three months ended March 31, 2026.
- Net income rose 36.0% to $39.8 million for the quarter.
- Diluted earnings per share (EPS) grew 37.1% to $0.48.
- Gross profit increased 44.7% to $125.0 million for the three months.
- Net cash provided by operating activities was $34.0 million, a significant improvement from $9.2 million used in the prior year.
- Total assets increased 6.1% to $1.79 billion as of March 31, 2026, from December 31, 2025.
- BASX-branded product sales surged 72.4% to $228.6 million for the quarter.
- AAON-branded product sales increased 41.6% to $268.4 million for the quarter.
Price Impact
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