AAON reports first quarter 1995 sales and earnings.TULSA Tulsa (tŭl`sə), city (1990 pop. 367,302), seat of Tulsa co., NE Okla., on the Arkansas River east of its junction with the Cimarron; inc. 1898. , Okla.--(BUSINESS WIRE)--AAON, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on - AAON AAON American Association of Office Nurses ) today announced an increase in sales and a decrease in earnings for the first quarter ended March 31, 1995. First quarter sales increased 13.2 percent to $17,846,000 from $15,765,000 a year ago. Earnings declined 23.5 percent to $852,000 or 14 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. from $1,113,000 or 18 cents per share in 1994. Per share figures have been adjusted to reflect a 10 percent stock dividend paid to shareholders on March 27, 1995. Norman Asbjornson, president said, "The decrease in earnings was mainly attributable to an inability to pass on significant increases in raw material costs, especially copper and aluminum. These increases were primarily a problem at our Longview, Texas Longview is a city in Texas, United States, located between Dallas, TX and Shreveport, LA. The population was 73,345 at the 2000 census, but a 2005 estimate placed the city's population at 75,609. coil manufacturing plant. The problem will be corrected over the balance of the year thereby creating an improved outlook for the remainder of 1995. Our market share should increase due to product enhancements and options introduced during the year." The company's backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of orders as of March 31, was $21.5 million compared with $20.1 million on December 31, 1994, a 6 percent increase. -0- AAON, INC. (O) Quarter March 31: 1995 1994 Revenues $17,846,000 $15,765,000 Net income $ 852,000 1,113,000 Avg shares 6,326,000(a) 6,320,000(a) Share earnings Net income $ .14(a) $ .18(a) (a) - Calculated based on weighted average shares outstanding and common stock equivalents. CONTACT: AAON, Tulsa William A. Bowen, 918/583-2266 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion