Rochester, NY 9/1/2009 10:12:23 AM
AAON Inc., AAON, Down by 1.69% in Afternoon Trading
AAON Inc.
AAON recorded a net income of $7.1 million, compared to $7.8 million during the same period last year. The company also noted an 8 percent drop in sales, $68.6 million compared to $74.8 million during the second quarter of 2008.
"We know how to make some money if there is business to be sold, but there isn't as much," Asbjornson said Monday. "The decreases in sales and earnings were attributable primarily to current economic conditions, but our results were impressive when compared to overall industry performance."
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Last Trade: 20.88
Day's Range: 20.84 - 21.55
52wk Range: 12.79 - 22.48
Change: Down 0.36 (1.69%)
Volume: 82,322
Avg Vol (3m): 110,634
ABOUT AAON, Inc.
AAON, Inc., together with its subsidiaries, engages in the manufacture and sale of air-conditioning and heating equipment primarily in the United States and Canada. Its products include standardized and custom rooftop units; chillers; make-up air units; heat recovery units; air-handling units that consist of coils, blowers, and filters; condensing units comprising coils, fans, and compressors; coils consisting of a sheet metal casing with tubing and fins; and boilers that include boilers and a sheet metal cabinet. The company's products serve the commercial and industrial new construction and replacement markets. AAON sells its products primarily to property owners and contractors through a network of manufacturers' representatives and its internal sales force. The company was founded in 1987 and is based in Tulsa, Oklahoma.
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