AAON Q4 Revenue Soars 42.5% to $424.2m but EPS Misses Estimates
AAON posted Q4 revenue of $424.2m, a 42.5% year-on-year increase, beating revenue forecasts but missing adjusted EPS at $0.39 versus the $0.46 consensus. Backlog surged 111% to $1.83b, while free cash flow improved to -$43.2m from -$95.4m a year ago.
1. Q4 Financial Results
AAON reported Q4 revenue of $424.2 million, a 42.5% increase year-over-year, while net income reached $32.0 million, or $0.39 per share, below analysts’ $0.46 estimate.
2. Operational Metrics
Adjusted EBITDA for the quarter was $64.44 million, missing the $76.3 million consensus, and operating margin held at 10.4%, matching last year’s fourth quarter.
3. Backlog and Cash Flow
Outstanding orders climbed to $1.83 billion, up 111% year-on-year, and free cash flow improved to negative $43.18 million from negative $95.44 million a year earlier.
4. Annual Results and Stock Movement
For the full year, AAON posted $1.44 billion in revenue and $107.6 million in net income, or $1.29 per share, while shares have risen about 33% since January and 32% over the past 12 months.