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.
Income from operations for the year ending 2023 was $227.5 million, showing notable growth from $126.8 million in 2022 and $69.3 million in 2021.
Net income for the current period was reported at $177.6 million, marking an increase from $100.4 million in the previous year and $58.8 million in the year before that.
Earnings per share for the basic amount in 2023 stood at $2.19, up from $1.26 in 2022 and $0.75 in 2021. Similarly, diluted earnings per share for 2023 were $2.13, compared to $1.24 in 2022 and $0.73 in 2021.
The weighted average shares outstanding for the basic calculation were 81.2 million shares in 2023, 79.6 million shares in 2022, and 78.6 million shares in 2021. For the diluted calculation, the weighted average shares outstanding were 83.3 million shares in 2023, 81.1 million shares in 2022, and 80.6 million shares in 2021.
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