AAON Inc.'s stock plummeted 6.49% in the pre-market session on Thursday, following the release of the company's disappointing Q4 2024 earnings results.
For the fourth quarter, AAON reported sales of $297.7 million, well below analysts' expectations of $320.5 million. Earnings per share came in at $0.30, sharply missing estimates of $0.53. The company's operating margin was 9.9% and gross margin was 26.1%, down from the prior year period.
With no other significant news released, the dismal earnings report appears to be the primary driver behind AAON's pre-market stock plunge on Thursday. Investors reacted negatively to the company's weaker-than-expected sales and earnings performance in Q4.
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