AAON's Stock Rises on Q4 Earnings Beat, Bookings Up Y/Y

AAON, Inc. (AAON) reported impressive fourth-quarter 2023 results, wherein earnings topped the Zacks Consensus Estimate and grew year over year.During the quarter, the company reached record net sales on a year-over-year basis thanks to improved productivity and operational efficiencies. The improving trend was reflected in sequentially high bookings resulting in a healthy backlog level. Furthermore, incremental pricing and improved overhead absorption contributed to year-over-year gross margin growth.Follo ...