$AAON
AAON, INC.

2023 Q3 Form 10-Q Financial Statement

#000082414223000150 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $312.0M $284.0M
YoY Change 28.59% 35.99%
Cost Of Revenue $195.9M $189.9M
YoY Change 10.65% 17.65%
Gross Profit $116.1M $94.02M
YoY Change 77.02% 98.45%
Gross Profit Margin 37.22% 33.11%
Selling, General & Admin $51.47M $36.05M
YoY Change 78.15% 33.84%
% of Gross Profit 44.33% 38.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.20M $10.96M
YoY Change 30.85% 18.84%
% of Gross Profit 10.51% 11.66%
Operating Expenses $51.47M $39.27M
YoY Change 78.15% 45.81%
Operating Profit $64.66M $54.75M
YoY Change 76.2% 167.67%
Interest Expense -$1.300M -$1.543M
YoY Change 36.27% 180.55%
% of Operating Profit -2.01% -2.82%
Other Income/Expense, Net $93.00K $163.0K
YoY Change 72.22% -25.91%
Pretax Income $63.49M $53.36M
YoY Change 77.35% 165.17%
Income Tax $15.41M $10.78M
% Of Pretax Income 24.28% 20.2%
Net Earnings $48.08M $45.68M
YoY Change 75.0% 186.48%
Net Earnings / Revenue 15.41% 16.09%
Basic Earnings Per Share $0.59 $0.84
Diluted Earnings Per Share $0.58 $0.82
COMMON SHARES
Basic Shares Outstanding 54.41M shares 54.25M shares
Diluted Shares Outstanding 83.39M shares 55.65M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $5.237M
YoY Change -98.14% -70.32%
Cash & Equivalents $212.0K $5.237M
Short-Term Investments
Other Short-Term Assets $25.10M $26.89M
YoY Change 786.3% 413.05%
Inventory $214.5M $215.4M
Prepaid Expenses
Receivables $160.1M $174.0M
Other Receivables $0.00 $2.699M
Total Short-Term Assets $425.3M $424.2M
YoY Change 26.55% 29.56%
LONG-TERM ASSETS
Property, Plant & Equipment $356.8M $354.8M
YoY Change 20.37% 21.31%
Goodwill $81.89M $81.89M
YoY Change 0.0% 0.0%
Intangibles $61.90M $62.80M
YoY Change -5.5% -5.43%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $519.3M $505.8M
YoY Change 15.45% 12.58%
TOTAL ASSETS
Total Short-Term Assets $425.3M $424.2M
Total Long-Term Assets $519.3M $505.8M
Total Assets $944.5M $930.1M
YoY Change 20.19% 19.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.92M $32.21M
YoY Change -38.46% -11.0%
Accrued Expenses $90.99M $101.2M
YoY Change 47.27% 68.32%
Deferred Revenue $19.58M $20.26M
YoY Change -38.42% -31.91%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $140.5M $153.7M
YoY Change -1.2% 12.85%
LONG-TERM LIABILITIES
Long-Term Debt $90.60M $90.68M
YoY Change 9.51% -19.52%
Other Long-Term Liabilities $16.20M $11.36M
YoY Change 187.13% 106.81%
Total Long-Term Liabilities $106.8M $102.0M
YoY Change 20.85% -13.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $140.5M $153.7M
Total Long-Term Liabilities $106.8M $102.0M
Total Liabilities $262.1M $269.9M
YoY Change 0.04% -5.68%
SHAREHOLDERS EQUITY
Retained Earnings -$100.0K $531.3M
YoY Change -100.02% 30.14%
Common Stock $100.0K $218.0K
YoY Change -53.05% 2.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $682.5M $660.1M
YoY Change
Total Liabilities & Shareholders Equity $944.5M $930.1M
YoY Change 20.19% 19.74%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $48.08M $45.68M
YoY Change 75.0% 186.48%
Depreciation, Depletion And Amortization $12.20M $10.96M
YoY Change 30.85% 18.84%
Cash From Operating Activities $47.20M $55.12M
YoY Change 4.9% 955.27%
INVESTING ACTIVITIES
Capital Expenditures $22.30M $31.69M
YoY Change -255.3% -340.18%
Acquisitions
YoY Change
Other Investing Activities $100.0K $16.00K
YoY Change 614.29% -100.07%
Cash From Investing Activities -$22.20M -$31.68M
YoY Change 54.76% -9.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.10M 1.246M
YoY Change -19.93% -97.03%
NET CHANGE
Cash From Operating Activities 47.20M 55.12M
Cash From Investing Activities -22.20M -31.68M
Cash From Financing Activities -30.10M 1.246M
Net Change In Cash -5.100M 24.68M
YoY Change -26.53% 106.02%
FREE CASH FLOW
Cash From Operating Activities $47.20M $55.12M
Capital Expenditures $22.30M $31.69M
Free Cash Flow $24.90M $23.42M
YoY Change -58.05% 27.17%

Facts In Submission

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us-gaap Income Tax Expense Benefit
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us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Because these estimates and assumptions require significant judgment, actual results could differ from those estimates and could have a significant impact on our results of operations, financial position and cash flows. We reevaluate our estimates and assumptions as needed, but at a minimum on a quarterly basis. The most significant estimates include, but are not limited to, inventory valuation, inventory reserves, warranty accrual, medical insurance accrual, income taxes, useful lives of property, plant, and equipment, estimated future use of leased property, share-based compensation, business combinations, revenue percentage of completion and estimated costs to complete. Actual results could differ materially from those estimates.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Inflation and Labor Market</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2022 and continuing into 2023, we have witnessed increases in our raw material and component prices. Due to our favorable liquidity position, we continue to make strategic purchases of materials when we see opportunities. We continue to manage the increase in the cost of raw materials through price increases for our products. We have also experienced supply chain challenges related to specific manufacturing parts, which we have managed through our strong vendor relationships as well as expanding our list of vendors.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Additionally, we continue to experience challenges in a tight labor market, especially the hiring of both skilled and unskilled production labor. We have implemented the following wage increases to remain competitive and to attract and retain employees:</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> </span></div><div style="padding-left:36pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:14.5pt">In March 2022, we awarded annual merit raises for an overall 3.0% increase to wages. </span></div><div style="padding-left:36pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:14.5pt">In October 2022, we implemented a cost of living increase of 3.5% in place for all employees </span></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">below the Senior Leadership Team ("SLT") level.</span></div><div style="padding-left:72pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:14.5pt">In March 2023, we awarded annual merit raises for an overall 3.9% increase to wages.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We will continue to implement human resource initiatives to retain and attract labor to further increase production capacity. Beginning in 2023, initiatives included changing our employee paid time off policy, historically awarded in arrears at the beginning of each quarter, to accrue ratably over each pay period. Additionally, we enhanced our benefits for short-term disability, life insurance, paid parental leave, and paid military leave.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Despite efforts to mitigate the impact of inflation, supply chain issues and the tight labor market, future disruptions, while temporary, could negatively impact our consolidated financial position, results of operations and cash flows.</span></div>
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PercentInOverallIncreaseInWages
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CY2023Q2 aaon Percent In Overall Increase In Wages
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q4 us-gaap Inventory Valuation Reserves
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CY2021Q4 us-gaap Inventory Valuation Reserves
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CY2022Q2 aaon Inventory Valuation Reserves Provision
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aaon Inventory Valuation Reserves Provision
InventoryValuationReservesProvision
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aaon Inventory Valuation Reserves Provision
InventoryValuationReservesProvision
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CY2022Q2 aaon Inventory Valuation Reserves Write Offs
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aaon Inventory Valuation Reserves Write Offs
InventoryValuationReservesWriteOffs
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CY2023Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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CY2022Q2 us-gaap Inventory Valuation Reserves
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IndefiniteLivedIntangibleAssetsExcludingGoodwill
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CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2022Q2 us-gaap Dividends Cash
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10096000 usd
us-gaap Dividends Cash
DividendsCash
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us-gaap Dividends Cash
DividendsCash
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2435000 usd
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CY2023Q2 us-gaap Accrued Income Taxes
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CY2023Q2 us-gaap Extended Product Warranty Accrual
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CY2022Q4 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
1330000 usd
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CY2023Q2 us-gaap Long Term Line Of Credit
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RatioOfTotalLiabilityToNetWorth
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CY2023Q2 aaon Maximum Ratio Of Total Liability To Net Worth Required For Compliance
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us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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CY2022Q2 aaon Share Based Compensation Arrangement By Share Based Payment Award Options Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAwardedInPeriodFairValue
650000 usd
aaon Share Based Compensation Arrangement By Share Based Payment Award Options Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAwardedInPeriodFairValue
5118000 usd
aaon Share Based Compensation Arrangement By Share Based Payment Award Options Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAwardedInPeriodFairValue
5499000 usd
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PerformanceAwards
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CY2022Q2 aaon Performance Awards
PerformanceAwards
219000 usd
aaon Performance Awards
PerformanceAwards
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PerformanceAwards
2081000 usd
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ShareBasedCompensationArrangementByShareBasedPaymentAwardRestricedStockAwardedInPeriodFairValue
1018000 usd
aaon Share Based Compensation Arrangement By Share Based Payment Award Restriced Stock Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardRestricedStockAwardedInPeriodFairValue
4150000 usd
aaon Share Based Compensation Arrangement By Share Based Payment Award Restriced Stock Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardRestricedStockAwardedInPeriodFairValue
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ShareBasedCompensationArrangementByShareBasedPaymentAwardTotalAwardedInPeriodFairValue
3355000 usd
CY2022Q2 aaon Share Based Compensation Arrangement By Share Based Payment Award Total Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardTotalAwardedInPeriodFairValue
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aaon Share Based Compensation Arrangement By Share Based Payment Award Total Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardTotalAwardedInPeriodFairValue
14175000 usd
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ShareBasedCompensationArrangementByShareBasedPaymentAwardTotalAwardedInPeriodFairValue
10735000 usd
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2311000 usd
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292000 usd
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ShareBasedPaymentArrangementExpensePerformanceAwards
1083000 usd
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AllocatedShareBasedCompensationExpenseRestrictedStock
1850000 usd
aaon Allocated Share Based Compensation Expense Restricted Stock
AllocatedShareBasedCompensationExpenseRestrictedStock
1522000 usd
CY2023Q2 aaon Allocated Share Based Compensation Expense Key Employee Awards
AllocatedShareBasedCompensationExpenseKeyEmployeeAwards
253000 usd
CY2022Q2 aaon Allocated Share Based Compensation Expense Key Employee Awards
AllocatedShareBasedCompensationExpenseKeyEmployeeAwards
322000 usd
aaon Allocated Share Based Compensation Expense Key Employee Awards
AllocatedShareBasedCompensationExpenseKeyEmployeeAwards
514000 usd
aaon Allocated Share Based Compensation Expense Key Employee Awards
AllocatedShareBasedCompensationExpenseKeyEmployeeAwards
530000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4304000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3796000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7823000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6908000 usd
CY2023Q2 aaon Employee Service Share Based Compensation Tax Benefit From Compensation Expense Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseStockOptions
1840000 usd
CY2022Q2 aaon Employee Service Share Based Compensation Tax Benefit From Compensation Expense Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseStockOptions
198000 usd
aaon Employee Service Share Based Compensation Tax Benefit From Compensation Expense Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseStockOptions
5161000 usd
aaon Employee Service Share Based Compensation Tax Benefit From Compensation Expense Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseStockOptions
491000 usd
CY2023Q2 aaon Employee Service Share Based Compensation Tax Expense Benefit From Compensation Expense Restricted Stock
EmployeeServiceShareBasedCompensationTaxExpenseBenefitFromCompensationExpenseRestrictedStock
199000 usd
CY2022Q2 aaon Employee Service Share Based Compensation Tax Expense Benefit From Compensation Expense Restricted Stock
EmployeeServiceShareBasedCompensationTaxExpenseBenefitFromCompensationExpenseRestrictedStock
9000 usd
aaon Employee Service Share Based Compensation Tax Expense Benefit From Compensation Expense Restricted Stock
EmployeeServiceShareBasedCompensationTaxExpenseBenefitFromCompensationExpenseRestrictedStock
664000 usd
aaon Employee Service Share Based Compensation Tax Expense Benefit From Compensation Expense Restricted Stock
EmployeeServiceShareBasedCompensationTaxExpenseBenefitFromCompensationExpenseRestrictedStock
228000 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2039000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
207000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5825000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
719000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P1Y
aaon Definedcontributionemployeeautomaticcontributionpercentage
Definedcontributionemployeeautomaticcontributionpercentage
0.06
aaon Definedcontributionemployeeautomaticcontributionpercentage
Definedcontributionemployeeautomaticcontributionpercentage
0.06
aaon Definedcontributionemployeeautomaticcontributionpercentage
Definedcontributionemployeeautomaticcontributionpercentage
0.06
us-gaap Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
0 usd
us-gaap Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
0 usd
CY2022Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3273000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8667000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6579000 usd
aaon Profit Sharing Percentof Pretax Profit Paidto Eligible Employeeson Quarterly Basis
ProfitSharingPercentofPretaxProfitPaidtoEligibleEmployeesonQuarterlyBasis
0.10
CY2022Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2146000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
10818000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
4815000 usd
CY2022Q2 aaon Defined Benefit Plan Medical Claim Payments
DefinedBenefitPlanMedicalClaimPayments
2043000 usd
aaon Defined Benefit Plan Medical Claim Payments
DefinedBenefitPlanMedicalClaimPayments
6800000 usd
aaon Defined Benefit Plan Medical Claim Payments
DefinedBenefitPlanMedicalClaimPayments
3989000 usd
CY2022Q2 aaon Defined Benefit Plan Heath Saving Account Payments
DefinedBenefitPlanHeathSavingAccountPayments
964000 usd
aaon Defined Benefit Plan Heath Saving Account Payments
DefinedBenefitPlanHeathSavingAccountPayments
2258000 usd
aaon Defined Benefit Plan Heath Saving Account Payments
DefinedBenefitPlanHeathSavingAccountPayments
1903000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
15946000 usd
us-gaap Net Income Loss
NetIncomeLoss
34005000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53095286 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54175682 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52992439 shares
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
45682000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
15946000 usd
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
566590 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1334800 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
747998 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
0 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
141850 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
204179 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53661876 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55652332 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53944616 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.48
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
879554 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
175936 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
658595 shares
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
20000000 usd
CY2022Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
13083 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1162000 usd
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
88.82
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
120119 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
6866000 usd
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
57.16
us-gaap Net Income Loss
NetIncomeLoss
34005000 usd
CY2022Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
48600000 usd
CY2022Q2 us-gaap Contractual Obligation
ContractualObligation
6500000 usd
CY2023Q2 aaon Payment For Contractual Obligation
PaymentForContractualObligation
3500000 usd
CY2022Q2 aaon Payment For Contractual Obligation
PaymentForContractualObligation
3000000 usd
CY2023Q2 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
390000 usd
CY2022Q2 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
639000 usd
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
782000 usd
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
1003000 usd
CY2022Q2 aaon Percentage Of Facility Acquired
PercentageOfFacilityAcquired
1
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
283957000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
208814000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
549910000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
391585000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
94018000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
47376000 usd
us-gaap Gross Profit
GrossProfit
171172000 usd
us-gaap Gross Profit
GrossProfit
93440000 usd
CY2023Q2 us-gaap Noncurrent Assets
NoncurrentAssets
360229000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
317322000 usd
CY2023Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
144695000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
146498000 usd
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
true

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