AAON Reports Record Sales and Earnings
(firmenpresse) - TULSA, OK -- (Marketwired) -- 08/08/13 -- AAON, Inc. (NASDAQ: AAON), today announced its operating results for the second quarter and six month period ended June 30, 2013.
Sales and earnings during the second quarter were record highs for any quarter in the Company's history.
Management believes that the Company's percent of net income per dollar of sales (13%) in the second quarter was the highest for any quarter by any other public company, ever, in the HVAC industry.
Revenues in the quarter were $91.2 million, up 9% from $83.3 million in 2012. Net income was $12.1 million, up 30% from $9.3 million in the same period a year ago. Net sales for the six month period ended June 30, 2013, were also a record for the first half of any year, $158.1 million, up 7% compared to $148.3 million in 2012. Earnings for the six months ended June 30, 2013 were $19.3 million, up 39% compared to $13.9 million in 2012.
Earnings per diluted share in the second quarter of 2013 were $0.33, up 32% from $0.25 for the same period a year ago, based upon 37.2 million and 37.1 million diluted shares outstanding for the three months ended June 30, 2013, compared to June 30, 2012, respectively. Earnings per diluted share were $0.52, up 41% from $0.37, in the six months ended June 30, 2013, and June 30, 2012, respectively, based upon 37.1 million diluted shares outstanding for both periods. All per share earnings reflect the 3-for-2 stock split effective July 2, 2013.
Norman H. Asbjornson, President and CEO, stated, "The second quarter increases in sales and income from operations primarily reflect price increases and a decline in cost of materials; gross profit as a percent of sales increased 5% (from 25.3% to 30.3%), but SG&A expenses as a percent of sales also increased 1.7% (from 8.3% to 10.0%), the majority of which (SG&A) represents increases in "profit sharing" and warranty expense.
Mr. Asbjornson continued, "The Company's backlog increased from $62.2 million at June 30, 2012, to $66.2 million at June 30, 2013, but declined from the record of $71.7 at March 31, 2013."
Mr. Asbjornson said, "While we still anticipate record sales and profits for 2013, there has been a noticeable softening in our market which has lowered our expectations for the balance of the year as compared to the first half of the year."
The Company will host a conference call today at 4:15 P.M. EDT to discuss the second quarter results. To participate, call 1-866-544-4631; or, for rebroadcast, call 1-866-245-6755 (code 932908).
AAON, Inc. is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, heat recovery units, commercial self-contained units and coils. Its products serve the new construction and replacement markets. The Company has successfully gained market share through its "semi-custom" product lines, which offer the customer value, quality, function, serviceability and efficiency.
Certain statements in this news release may be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933. Statements regarding future prospects and developments are based upon current expectations and involve certain risks and uncertainties that could cause actual results and developments to differ materially from the forward-looking statements.
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Datum: 08.08.2013 - 05:00 Uhr
Sprache: Deutsch
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