Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
aircraft, book, climate, convention, COO, discount, distribution, estate, exceeded, February, flight, fossil, globe, infrastructure, joined, jurisdiction, led, mentioned, milestone, mix, President, previously, real, reinstated, software, stabilization, stage, stricter, undiscounted, variety, Vice, water, Zip
Financial report summary
?Competition
RTX • Lennox International • Trane Technologies plc - Ordinary Shares • Vertiv Holdings Co - Ordinary SharesRisks
- We are subject to climate-related risks.
Management Discussion
- •Sales for the three months ended March 31, 2024 decreased 1.4%, respectively, due to decreased production rates during the period as compared to the same period in 2023.
- •Our gross profit margin for the quarter ended March 31, 2024 of 35.2% increased 620 basis points from the quarter ended March 31, 2023 due to price increases, product mix for operational efficiencies, lower material costs, and better overhead absorption.
- We report our financial results based on three reportable segments: AAON Oklahoma, AAON Coil Products, and BASX, which are further described in "Segments" (Note 19) within our notes to the consolidated financial statements. The Company's chief operating decision maker ("CODM"), our CEO, allocates resources and assesses the performance of each operating segment using information about the operating segment's net sales and income from operations. The CODM does not evaluate operating segments using asset or liability information.