AAON Reports Record Sales, Higher Earnings

AAON, Inc. today announced its operating results for the third quarter and nine-month period ended September 30, 2007.

In the quarter, net sales were a record high of $70.9 million, up 11 percent from $64.2 million during the corresponding period in 2006, and net income equaled the third quarter record level of $5.4 million in the same period a year ago. Net sales for the first nine months of 2007 were up 13 percent to a record $200.4 million, compared to $176.9 million in 2006, and earnings increased by 48 percent to a record $18.6 million, compared to $12.6 million.

It was also announced that the AAON Board of Directors has authorized the company to repurchase up to 10 percent (about 1.8 million shares) of its outstanding common stock.

Was this article helpful?

Related Articles

Leave A Comment?