Business Focus: Heating, Ventilation & Air Conditioning Systems

Sector:  Industrials Industry:  Electrical Components & Equipment
See Regulatory Filings on SEC
Company Contact
Address: 2425 S Yukon Ave
TULSA OK 74107-2728
Tel: N/A
Website: https://www.aaon.com
IR: See website
Key People
Gary D. Fields
President, Director
Norman H. Asbjornson
Chief Executive Officer, Director
Scott M. Asbjornson
Chief Financial Officer, Vice President - Finance
Rebecca A. Thompson
Chief Accounting Officer, Treasurer
Mikel D. Crews
Vice President - Operations
Business Overview
AAON, Inc. is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils. Its products serve the commercial and industrial new construction and replacement markets. Its rooftop and condensing unit markets consist of units installed on commercial or industrial structures of less than 10 stories in height. Its air handling units, self-contained units, geothermal/water-source heat pumps, chillers, packaged outdoor mechanical rooms and coils are applicable to all sizes of commercial and industrial buildings. The replacement market consists of products installed to replace existing units/components that are worn or damaged.
Financial Overview
For the nine months ended 30 September 2019, AAON, Inc. revenues increased 8% to $346.8M. Net income increased 25% to $37.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Other SGA decrease of 7% to $14.6M (expense), Other SGA decrease of 8% to $6.3M (expense), Advertising Expenses decrease of 19% to $496K (expense). Dividend per share remained flat at $0.16.
Employees: 2,221 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $2,583M as of Sep 30, 2019
Annual revenue (TTM): $459.10M as of Sep 30, 2019
EBITDA (TTM): $84.83M as of Sep 30, 2019
Net annual income (TTM): $50.23M as of Sep 30, 2019
Free cash flow (TTM): $39.15M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 52,119,295 as of Sep 30, 2019
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization