NASDAQ$AAON
Aaon Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
AAON's performance in Q1 2021 was influenced by market moderation and weather challenges, yet demand showed signs of improvement.
AAON reported a decrease in net sales by 15.8% to $115.8 million compared to Q1 2020, with diluted EPS down 26.8% to $0.30. The company's backlog increased sequentially, reflecting improved demand, and reached $96.7 million at the end of the quarter.
- Net sales decreased by 15.8% to $115.8 million compared to the first quarter of 2020.
- Diluted earnings per share (EPS) decreased by 26.8% to $0.30, primarily due to lower revenue.
- Backlog finished the quarter at $96.7 million, up from $74.4 million at the end of 2020, reflecting improved demand.
- New bookings in the quarter increased 21% compared to the same period last year, with demand continuing to strengthen through April.
Headline financials
Revenue & EPS history
Aaon · Revenue · Quarterly
$116M
Forward guidance
AAON anticipates revenue and earnings will progressively improve throughout 2021, driven by improving replacement demand and stabilization in the new construction market. The company is confident in maintaining margins through disciplined price management despite inflation challenges.
Tailwinds
- Demand is improving, with backlog at the beginning of May up considerably from both the end of 2020 and the end of the first quarter.
- Replacement demand is already improving as the economy recovers.
- The new construction market is beginning to show signs of stabilization.
- AAON is confident in maintaining margins through disciplined price management.
- The company anticipates revenue and earnings will progressively improve throughout 2021.
Headwinds
- The year over year decline in revenue and earnings was unsurprising considering the all-time record quarter realized in the first quarter of 2020.
- The company faced challenges related to the new construction market.
- Adverse weather at both facilities in February impacted performance.
- Inflation remains a challenge.
- The prior year quarter was an all time record for the Company creating a tough relative comparison.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.9%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+2.4%
Avg return
30 days after
58%
38 / 65 earnings
Positive
+31.4%
Q1 2026
Best reaction
-22.9%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +31.4% | +35.9% | +34.9% | |
| Q4 2025 | +3.5% | -12.7% | -17.3% | |
| Q3 2025 | +5.4% | +2.0% | -12.5% | |
| Q1 2025 | +5.7% | +6.8% | +5.5% | |
| Q4 2024 | -22.9% | -26.2% | -23.5% | |
| Q3 2024 | +15.0% | +14.5% | +14.1% | |
| Q2 2024 | -3.1% | -2.6% | +7.9% | |
| Q1 2024 | -17.0% | -16.9% | -20.6% | |
| Q4 2023 | -2.1% | -3.9% | +2.7% | |
| Q3 2023 | +1.6% | +1.5% | +10.5% | |
| Q2 2023 | -8.0% | -9.5% | -7.6% | |
| Q1 2023 | +5.9% | -0.9% | -6.1% | |
| Q4 2022 | +11.7% | +15.3% | +16.3% | |
| Q3 2022 | +13.6% | +18.6% | +18.8% | |
| Q2 2022 | -2.9% | +0.1% | -6.4% | |
| Q1 2022 | +4.1% | +6.2% | +10.7% | |
| Q4 2021 | -2.3% | -7.2% | -4.5% | |
| Q3 2021 | +1.7% | +5.5% | +9.5% | |
| Q2 2021 | +8.3% | +13.0% | +8.3% | |
| Q1 2021 | +4.0% | +2.4% | +0.9% | |
| Q4 2020 | -1.0% | -3.8% | -7.1% | |
| Q3 2020 | +6.5% | +9.9% | +4.7% | |
| Q2 2020 | -2.3% | +0.1% | -5.9% | |
| Q1 2020 | +4.3% | +1.3% | +24.4% | |
| Q4 2019 | +3.6% | +5.8% | -12.9% | |
| Q3 2019 | -1.1% | +0.1% | -0.6% | |
| Q2 2019 | -8.3% | -11.5% | -5.6% | |
| Q1 2019 | +3.9% | -5.0% | -9.0% | |
| Q4 2018 | -0.7% | +2.0% | +11.1% | |
| Q3 2018 | +13.1% | +21.4% | +10.0% | |
| Q2 2018 | +2.1% | +3.3% | +7.7% | |
| Q1 2018 | -12.3% | -9.8% | -8.1% | |
| Q4 2017 | +2.8% | -1.0% | +9.1% | |
| Q3 2017 | +0.2% | +0.6% | +5.7% | |
| Q2 2017 | +4.3% | +3.4% | -3.0% | |
| Q1 2017 | -2.5% | -0.5% | +0.3% | |
| Q4 2016 | +0.3% | -2.2% | +5.4% | |
| Q3 2016 | -3.5% | -0.7% | +13.8% | |
| Q2 2016 | +1.3% | +3.5% | +10.2% | |
| Q1 2016 | +9.2% | — | — | |
| Q4 2015 | +11.2% | — | — | |
| Q3 2015 | +11.0% | — | — | |
| Q2 2015 | +3.3% | — | — | |
| Q1 2015 | -5.7% | — | — | |
| Q4 2014 | -2.1% | — | — | |
| Q3 2014 | +2.7% | — | — | |
| Q2 2014 | -1.6% | — | — | |
| Q1 2014 | +6.4% | — | — | |
| Q4 2013 | -5.5% | — | — | |
| Q3 2013 | -8.8% | — | — | |
| Q2 2013 | +5.9% | — | — | |
| Q1 2013 | +5.3% | — | — | |
| Q4 2012 | +2.5% | — | — | |
| Q3 2012 | -4.4% | — | — | |
| Q2 2012 | +4.1% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2009 | +5.5% | — | — | |
| Q4 2011 | +5.5% | — | — | |
| Q3 2010 | -2.1% | — | — | |
| Q3 2011 | -2.1% | — | — | |
| Q2 2010 | -14.8% | — | — | |
| Q2 2011 | -14.8% | — | — | |
| Q4 2010 | -14.8% | — | — | |
| Q1 2010 | -4.7% | — | — |
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