AAON Reports Record Sales and Earnings.TULSA, Okla. -- AAON AAON American Association of Office Nurses , Inc. (Nasdaq:AAON) today announced its operating results for the third quarter and nine-month period ended September 30, 2006. In the quarter, net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight were a record high of $64,153,000, up 33.3% from $48,136,000 during the corresponding period in 2005, and net income also reached a record level, up 95.1% to $5,397,000 or $0.43 per share, compared to $2,766,000 or $0.22 per share for the same period a year ago. Net sales for the first nine months of 2006 were up 29.8%, to a record $176,910,000, compared to $136,310,000 in 2005, and earnings increased by 37.2% to a record $12,595,000 or $1.00 per share, compared to $9,177,000 or $0.72 per share. Per share earnings are on a diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. basis. Norman H. Asbjornson President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated that, "The increase in sales was attributable to an increase in volume of products sold as a result of an improvement of the commercial and industrial construction industry, an increased demand for the Company's new and redesigned products, and price increases during 2006. The increase in earnings resulted primarily from both higher volume and price increases, which provided an improvement in gross margins in the third quarter." Mr. Asbjornson said that, "Based on the first nine months' results and other relevant factors, we believe the full year 2006 will produce record sales and earnings, even with an anticipated seasonal slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in the fourth quarter." Certain statements in this news release may be "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933. Statements regarding future prospects and developments are based upon current expectations and involve certain risks and uncertainties that could cause actual results and developments to differ materially from the forward-looking statements. [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] |
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