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AAON, INC. [AAON] reports annual net loss of $177.6 million

AAON, INC. [AAON] reports annual net loss of $177.6 million

Company Reports Revenue of $1.2 billion

By USInMinutes
Published - Feb 29, 2024, 05:41 AM ET
Last Updated - Feb 29, 2024, 05:41 AM EST

AAON, INC. [AAON] has reported a net loss of $177.6 million for year ended Dec 31, 2023.

The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $1.2 billion

Based in TULSA, Oklahoma, AAON, INC. operates in the MANUFACTURING sector.

In the consolidated income statement for the 12 months ended Dec. 31, 2023, the company reported net sales of $1.17 billion, a significant increase from the previous year's $888.8 million and the year before that at $534.5 million.

Cost of sales for the current period was $769.5 million, compared to $651.2 million in the previous year and $396.7 million in the year before that, resulting in a gross profit of $399.0 million for 2023, up from $237.6 million in 2022 and $137.8 million in 2021.

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