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AAON, the Tulsa-based rooftop heating and air conditioning manufacturer, has now seen profits fall during two straight quarters.
Revenues for the manufacturer also dropped 26 percent during the third quarter to $58.5 million, compared to $79.3 million during the same period in 2008.
"We expect the downturn in the economy which we experienced to an even greater extent in the third quarter will continue to impact our business for the foreseeable future," said AAON CEO Norman Asbjornson.
AAON Inc. has about 1,000 employees at its Tulsa headquarters and another factory in Longview, Texas.
To see more of the Tulsa World, or to subscribe to the newspaper, go to http://www.tulsaworld.com. Copyright (c) 2009, Tulsa World, Okla. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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