Schedule of Segment Reporting Information, by Segment |
| | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, 2025 | | June 30, 2024 | | June 30, 2025 | | June 30, 2024 | | | (in thousands) | | (in thousands) | | AAON Oklahoma | | | | | | | | | External sales | $ | 185,120 | | | $ | 225,727 | | | $ | 346,958 | | | $ | 435,867 | | | Inter-segment sales | 5,318 | | | 1,311 | | | 9,157 | | | 2,982 | | | Eliminations | (5,318) | | | (1,311) | | | (9,157) | | | (2,982) | | | Net sales | 185,120 | | | 225,727 | | | 346,958 | | | 435,867 | | | Cost of sales1 | 134,237 | | | 141,857 | | | 258,102 | | | 273,586 | | | Gross profit | 50,883 | | | 83,870 | | | 88,856 | | | 162,281 | | | AAON Coil Products | | | | | | | | | External sales | $ | 58,465 | | | $ | 31,373 | | | $ | 152,488 | | | $ | 55,620 | | | Inter-segment sales | 6,073 | | | 8,942 | | | 12,279 | | | 18,273 | | | Eliminations | (6,073) | | | (8,942) | | | (12,279) | | | (18,273) | | | Net sales | 58,465 | | | 31,373 | | | 152,488 | | | 55,620 | | | Cost of sales1 | 45,602 | | | 18,214 | | | 107,140 | | | 34,322 | | | Gross profit | 12,863 | | | 13,159 | | | 45,348 | | | 21,298 | | | BASX | | | | | | | | | External sales | $ | 67,982 | | | $ | 56,466 | | | $ | 134,175 | | | $ | 84,178 | | | Inter-segment sales | 507 | | | 220 | | | 550 | | | 222 | | | Eliminations | (507) | | | (220) | | | (550) | | | (222) | | | Net sales | 67,982 | | | 56,466 | | | 134,175 | | | 84,178 | | | Cost of sales1 | 48,999 | | | 40,401 | | | 99,286 | | | 62,421 | | | Gross profit | 18,983 | | | 16,065 | | | 34,889 | | | 21,757 | | | Consolidated gross profit | $ | 82,729 | | | $ | 113,094 | | | $ | 169,093 | | | $ | 205,336 | | | 1 Presented after intercompany eliminations. | | | | | | | | | | | | | | | | | | The reconciliation between consolidated gross profit to consolidated income from operations is as follows: | | | | Consolidated gross profit | $ | 82,729 | | | $ | 113,094 | | | $ | 169,093 | | | $ | 205,336 | | | Less: Selling, general and administrative expenses | 59,147 | | | 45,895 | | | 110,440 | | | 91,183 | | | Add: Gain on disposal of assets | — | | | — | | | 40 | | | 16 | | | Consolidated income from operations | $ | 23,582 | | | $ | 67,199 | | | $ | 58,693 | | | $ | 114,169 | | | | | | | | | | | | | | | | | |
The following table presents long-lived assets by reportable segment, which includes property and equipment, net and operating lease assets: | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Long-lived assets | (in thousands) | | AAON Oklahoma | $ | 335,977 | | | $ | 321,597 | | | AAON Coil Products | 151,301 | | | 122,515 | | | BASX | 89,996 | | | 81,680 | | | Total long-lived assets | $ | 577,274 | | | $ | 525,792 | | | | | | | | The following table presents intangible assets and goodwill, net, by reportable segment: | | | | Intangible assets, net and goodwill | | | | | AAON Oklahoma | $ | 20,844 | | | $ | 22,966 | | | AAON Coil Products | 3,759 | | | — | | | BASX | 137,704 | | | 137,186 | | | Total intangible assets, net and goodwill | $ | 162,307 | | | $ | 160,152 | | |
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