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    AAON Reports Fourth Quarter and Full Year 2024 Results

    2/27/25 7:00:00 AM ET
    $AAON
    Industrial Machinery/Components
    Industrials
    Get the next $AAON alert in real time by email

    TULSA, Okla., Feb. 27, 2025 /PRNewswire/ -- AAON, INC. (NASDAQ:AAON), a leading producer of premium HVAC solutions, today announced its results for the fourth quarter and full year of 2024.

    AAON, Inc. Logo (PRNewsfoto/AAON)

    Gary Fields, CEO, stated, "As we anticipated early in the year, 2024 had its share of triumphs and obstacles for AAON. The BASX brand made a significant impact on the data center market with the industry's first large-scale development and sale of a custom-designed liquid cooling solution. Along with strong demand for BASX's air-side data center cooling equipment, this drove the Company's total backlog to finish the year up 70.0% from the end of 2023. To meet a strengthening pipeline of demand beyond the backlog, we also successfully increased production capacity in 2024 with the completion of our 245,000 square foot addition at our Longview, Texas location and the purchase of our new 787,000 square foot building in Memphis, Tennessee. Conversely, the Company's AAON brand faced two major challenges: an industry-regulated refrigerant transition and nonresidential construction activity that weakened throughout the year. Despite the challenges, sales of AAON-branded equipment were down only modestly in 2024. Bookings and year-end backlog of this equipment were up year-over-year in the mid-to-high teens.  All in, we deem the year to be a success."   

    Net sales for the fourth quarter of 2024 decreased 2.9% to $297.7 million from $306.6 million in the fourth quarter of 2023.  The AAON Oklahoma segment was the driving factor in the decline in net sales. The segment realized a year-over-year decline of 16.1%, the result of a combination of factors including weak macro conditions and temporary adverse effects of the industry-regulated refrigerant transition.  However, looking at our two year growth for the years ended December 31, 2022-2024, AAON Oklahoma sales are up 29.4% speaking to the strong share gains over that period. This was partially offset by an increase in sales of 129.9% at the AAON Coil Products segment, which benefited from the onset of production of BASX-branded liquid cooling data center equipment at the AAON Coil Products facility, as well as solid growth of AAON-branded split systems.   

    Gross profit for the quarter decreased 30.5% to $77.6 million, or 26.1% of sales, compared to the same period a year ago. The contraction in gross margin partially reflects lower volumes and the related deleveraging of fixed costs at the AAON Oklahoma segment. Additionally, our investments in growth at both AAON Coil Products and BASX segments supporting the increasing demand for data center products has resulted in temporary negative impacts on gross profits in both segments.

    The fourth quarter benefited from a large excess tax benefit of $4.6 million relating to stock based compensation compared to $2.5 million in the same period a year ago. Earnings per diluted share in the fourth quarter of 2024 decreased 46.4% to $0.30 from $0.56 in the fourth quarter of 2023. 

    Financial Highlights:

    Three Months Ended 

     December 31,



    %







    Years Ended  

     December 31,



    %



    2024



    2023



    Change







    2024



    2023



    Change



    (in thousands, except share and per share data)







    (in thousands, except share and per share data)

    GAAP Measures



























    Net sales

    $       297,718



    $    306,638



    (2.9) %







    $ 1,200,635



    $ 1,168,518



    2.7 %

    Gross profit

    $         77,615



    $     111,739



    (30.5) %







    $    397,109



    $    399,020



    (0.5) %

    Gross profit margin

    26.1 %



    36.4 %











    33.1 %



    34.1 %





    Operating income

    $         29,429



    $      63,884



    (53.9) %







    $    209,118



    $    227,494



    (8.1) %

    Operating margin

    9.9 %



    20.8 %











    17.4 %



    19.5 %





    Net income

    $         24,690



    $      47,049



    (47.5) %







    $    168,559



    $    177,623



    (5.1) %

    Earnings per diluted share

    $             0.30



    $          0.56



    (46.4) %







    $          2.02



    $          2.13



    (5.2) %

    Diluted average shares

    83,575,989



    83,446,051



    0.2 %







    83,629,502



    83,295,290



    0.4 %





























    Non-GAAP Measures



























    EBITDA1

    $         47,024



    $      77,046



    (39.0) %







    $    272,231



    $    274,465



    (0.8) %

    EBITDA margin1

    15.8 %



    25.1 %











    22.7 %



    23.5 %





    Adjusted EBITDA1

    $         47,024



    $      77,046



    (39.0) %







    $    272,231



    $    281,215



    (3.2) %

    Adjusted EBITDA margin1

    15.8 %



    25.1 %











    22.7 %



    24.1 %





    1These are non-GAAP measures. See "Use of Non-GAAP Financial Measures" below for reconciliation to GAAP measures.

     

    Backlog













    December 31,

    2024



    September 30,

    2024



    December 31,

    2023

    Backlog

    $       867,090



    $         647,694



    510,028

    Year over year change

    70.0 %



    32.0 %



    (6.9) %













    Backlog was up from a year ago at all three segments, with the largest increase at the AAON Coil Products segment, which received over $200.0 million of orders in the fourth quarter. Most of these orders were associated with the BASX-branded data center liquid cooling order, which was addressed on the third quarter earnings call.

    Mr. Fields concluded, "As we progress through the early months of 2025, we believe we are nearing the end of this temporary slowdown we have been experiencing since early last year. Many of the headwinds we faced in 2024 are behind us. The adverse effects of the refrigerant transition will likely linger through the first quarter. However, as we move into the second quarter, we expect these headwinds will dissipate, resulting in an acceleration in demand. The backlog of BASX-branded equipment entered the year up over 100.0% compared to a year ago, and the pipeline of future orders remains robust. We anticipate a vast majority of the Company's total backlog will convert in 2025. Margins will remain under pressure early in the year as we endure less-than-optimal volumes at the AAON Oklahoma segment and absorb pre-production start-up costs at the new Memphis facility. However, this will be temporary, and we expect margins to significantly improve throughout the year as volume growth accelerates and we right-size capacity and production efficiencies across the four main manufacturing locations.  Over the next two years, we anticipate gross margins returning to levels we realized in the second half of 2023. The Company's fundamentals are strong, with substantial organic revenue and earnings growth potential, which we look forward to capitalizing on."

    As of December 31, 2024, the Company had cash, cash equivalents and restricted cash of $6.5 million and $154.9 million total debt. Rebecca Thompson, CFO, commented, "Cash flows from operating activities in the fourth quarter were impacted by lower net income and investments made in working capital. Due to the significant increase in backlog, we had to make necessary inventory purchases to facilitate production early in 2025. Capital expenditures in the fourth quarter increased nearly four-fold from a year ago due to the $63.4 million spent in December on the closing of our new Memphis facility. Both expenditures are related to investments in capacity and infrastructure to accommodate the robust growth we anticipate in the future. These cash outlays led us to borrow $20.8 million during the quarter through our revolving line of credit and establish our new term loan facility. Our balance sheet remains strong, with a current ratio of 2.8 and a leverage ratio of 0.57. Given this and the Company's strong fundamentals, our Board of Directors approved a new $100.0 million share repurchase program that we would utilize opportunistically. In the near-term, our primary focus will be on organic investments to accommodate growth, including bringing the Memphis facility up to speed for production to commence later this year." 

    Conference Call and Webcast

    The Company will host a conference call and webcast to discuss its financial results and outlook on February 27, 2025 at 9:00 A.M. ET. The conference call will be accessible via a dial-in for those who wish to participate in Q&A as well as a listen-only webcast. The accessible dial-in is accessible at 1-800-836-8184. To access the listen-only webcast, please register at https://app.webinar.net/0kBVxQBboaR. On the next business day following the call, a replay of the call will be available on the Company's website at https://aaon.com/Investors. 

    About AAON

    Founded in 1988, AAON is a global leader in HVAC solutions for commercial, industrial and data center indoor environments. The Company's industry-leading approach to designing and manufacturing highly configurable and custom-made equipment to meet exact needs creates a premier ownership experience with greater efficiency, performance and long-term value. Its highly engineered equipment is sold under the AAON and BASX brands.  AAON is headquartered in Tulsa, Oklahoma, where its world-class innovation center and testing lab allows AAON engineers to continuously push boundaries and advance the industry. For more information, please visit www.AAON.com. 

    Forward-Looking Statements

    This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "should", "will", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligations to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Important factors that could cause results to differ materially from those in the forward-looking statements include (1) the timing and extent of changes in raw material and component prices, (2) the effects of fluctuations in the commercial/industrial new construction market, (3) the timing and extent of changes in interest rates, as well as other competitive factors during the year, and (4) general economic, market or business conditions.

    Contact Information

    Joseph Mondillo

    Director of Investor Relations

    Phone: (617) 877-6346

    Email: [email protected] 

    AAON, Inc. and Subsidiaries

    Consolidated Statements of Income

    (Unaudited)



















    Three Months Ended 

     December 31,



    Years Ended  

     December 31,



    2024



    2023



    2024



    2023



    (in thousands, except share and per share data)

    Net sales

    $           297,718



    $           306,638



    $        1,200,635



    $        1,168,518

    Cost of sales

    220,103



    194,899



    803,526



    769,498

    Gross profit

    77,615



    111,739



    397,109



    399,020

    Selling, general and administrative expenses

    48,194



    47,855



    188,014



    171,539

    Gain on disposal of assets

    (8)



    —



    (23)



    (13)

    Income from operations

    29,429



    63,884



    209,118



    227,494

    Interest expense, net

    (1,208)



    (884)



    (2,905)



    (4,843)

    Other income, net

    45



    133



    378



    503

    Income before taxes

    28,266



    63,133



    206,591



    223,154

    Income tax provision

    3,576



    16,084



    38,032



    45,531

    Net income

    $             24,690



    $             47,049



    $           168,559



    $           177,623

    Earnings per share:















    Basic

    $                 0.30



    $                 0.58



    $                 2.07



    $                 2.19

    Diluted

    $                 0.30



    $                 0.56



    $                 2.02



    $                 2.13

    Cash dividends declared per common share:

    $                 0.08



    $                 0.08



    $                 0.32



    $                 0.32

    Weighted average shares outstanding:















    Basic

    81,345,236



    81,293,549



    81,473,131



    81,156,114

    Diluted

    83,575,989



    83,446,051



    83,629,502



    83,295,290

     

    AAON, Inc. and Subsidiaries

    Consolidated Balance Sheets

    (Unaudited)



    December 31, 2024



    December 31, 2023

    Assets

    (in thousands, except share and per share data)

    Current assets:







    Cash and cash equivalents

    $                                 14



    $                               287

    Restricted cash

    6,500



    8,736

    Accounts receivable, net

    147,434



    138,108

    Income tax receivable

    4,115



    —

    Inventories, net

    187,420



    213,532

    Contract assets

    135,421



    45,194

    Prepaid expenses and other

    7,308



    3,097

    Total current assets

    488,212



    408,954

    Property, plant and equipment, net

    510,356



    369,947

    Intangible assets, net and goodwill

    160,152



    149,945

    Right of use assets

    15,436



    11,774

    Other long-term assets

    242



    816

    Deferred tax assets

    836



    —

    Total assets

    $                     1,175,234



    $                        941,436









    Liabilities and Stockholders' Equity







    Current liabilities:







    Debt, short-term

    $                          16,000



    $                                 —

    Accounts payable

    44,645



    27,484

    Accrued liabilities

    99,347



    85,508

    Contract liabilities

    14,913



    13,757

    Total current liabilities

    174,905



    126,749

    Debt, long-term

    138,891



    38,328

    Deferred tax liabilities

    —



    12,134

    Other long-term liabilities

    20,743



    16,807

    New market tax credit obligations

    16,113



    12,194

    Commitments and contingencies







    Stockholders' equity:







    Preferred stock, $.001 par value, 5,000,000 shares authorized, no shares issued

    —



    —

    Common stock, $.004 par value, 200,000,000 shares authorized, 81,436,594 and 81,508,381 issued and outstanding at December 31, 2024 and December 31, 2023, respectively

    326



    326

    Additional paid-in capital

    68,946



    122,063

    Retained earnings

    755,310



    612,835

    Total stockholders' equity

    824,582



    735,224

    Total liabilities and stockholders' equity

    $                     1,175,234



    $                        941,436

     

    AAON, Inc. and Subsidiaries

    Consolidated Statements of Cash Flows

    (Unaudited)



    Years Ended  

     December 31,



    2024



    2023

    Operating Activities

    (in thousands)

    Net income

    $                            168,559



    $                            177,623

    Adjustments to reconcile net income to net cash provided by operating activities:







    Depreciation and amortization

    62,735



    46,468

    Amortization of debt issuance cost

    154



    82

    Amortization of right of use assets

    189



    324

    Provision for (recoveries of) accounts receivable, net of adjustments

    715



    (154)

    Provision for credit losses on contract assets, net of adjustments

    399



    —

    (Recoveries of) provision for excess and obsolete inventories, net of write-offs

    (968)



    1,633

    Share-based compensation

    16,729



    16,384

    Other

    (4)



    (44)

    Deferred income taxes

    (6,606)



    (6,527)

    Changes in assets and liabilities:







    Accounts receivable

    (10,041)



    (9,978)

    Income taxes

    (5,285)



    (11,302)

    Inventories

    27,080



    (16,226)

    Contract assets

    (90,626)



    (30,043)

    Prepaid expenses and other long-term assets

    (3,707)



    (1,048)

    Accounts payable

    16,959



    (18,316)

    Contract liabilities

    1,156



    (7,667)

    Extended warranties

    1,835



    2,600

    Accrued liabilities and other long-term liabilities

    13,259



    15,086

    Net cash provided by operating activities

    192,532



    158,895

    Investing Activities







    Capital expenditures

    (195,660)



    (104,294)

    Proceeds from sale of property, plant and equipment

    25



    129

    Acquisition of intangible assets

    (17,491)



    (5,197)

    Principal payments from note receivable

    51



    51

    Net cash used in investing activities

    (213,075)



    (109,311)

    Financing Activities







    Borrowings of debt

    717,897



    597,111

    Payments of debt

    (601,091)



    (629,787)

    Proceeds from financing obligation, net of issuance costs

    4,186



    6,061

    Payments related to financing costs

    (664)



    (398)

    Stock options exercised

    31,861



    33,259

    Repurchase of stock

    (100,034)



    (25,009)

    Employee taxes paid by withholding shares

    (8,037)



    (1,302)

    Dividends paid to stockholders

    (26,084)



    (26,445)

    Net cash provided by (used in) financing activities

    18,034



    (46,510)

    Net (decrease) increase in cash, cash equivalents and restricted cash

    (2,509)



    3,074

    Cash, cash equivalents and restricted cash, beginning of period

    9,023



    5,949

    Cash, cash equivalents and restricted cash, end of period

    $                                6,514



    $                                9,023



    Use of Non-GAAP Financial Measures

    To supplement the Company's consolidated financial statements presented in accordance with generally accepted accounting principles ("GAAP"), additional non-GAAP financial measures are provided and reconciled in the following tables. The Company believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results. The Company believes that this non-GAAP financial measure enhances the ability of investors to analyze the Company's business trends and operating performance as they are used by management to better understand operating performance. Since adjusted net income, adjusted net income per diluted share, EBITDA, adjusted EBITDA, and adjusted EBITDA margin are non-GAAP measures and are susceptible to varying calculations, adjusted net income, adjusted net income per diluted share, EBITDA, adjusted EBITDA, and adjusted EBITDA margin, as presented, may not be directly comparable with other similarly titled measures used by other companies.

    Non-GAAP Adjusted Net Income

    The Company defines non-GAAP adjusted net income as net income adjusted for any infrequent events, such as litigation settlements, net of profit sharing and tax effect, in the periods presented.

    The following table provides a reconciliation of net income (GAAP) to non-GAAP adjusted net income for the periods indicated:





    Three Months Ended 

     December 31,



    Years Ended

     December 31,





    2024



    2023



    2024



    2023





    (in thousands)

    Net income, a GAAP measure



    $          24,690



    $          47,049



    $        168,559



    $        177,623

    Litigation settlement



    —



    —



    —



    7,500

    Profit sharing effect1



    —



    —



    —



    (750)

    Tax effect



    —



    —



    —



    (1,242)

    Non-GAAP adjusted net income



    $          24,690



    $          47,049



    $        168,559



    $        183,131

    Non-GAAP adjusted earnings per diluted share



    $              0.30



    $              0.56



    $              2.02



    $              2.20

    1Profit sharing effect of litigation settlement in the respective period.



    EBITDA and Adjusted EBITDA

    EBITDA (as defined below) is presented herein and reconciled from the GAAP measure of net income because of its wide acceptance by the investment community as a financial indicator of a company's ability to internally fund operations. The Company defines EBITDA as net income, plus (1) depreciation and amortization, (2) interest expense (income), net and (3) income tax expense. EBITDA is not a measure of net income or cash flows as determined by GAAP. EBITDA margin is defined as EBITDA as a percentage of net sales.

    The Company's EBITDA measure provides additional information which may be used to better understand the Company's operations. EBITDA is one of several metrics that the Company uses as a supplemental financial measurement in the evaluation of its business and should not be considered as an alternative to, or more meaningful than, net income, as an indicator of operating performance. Certain items excluded from EBITDA are significant components in understanding and assessing a company's financial performance. EBITDA, as used by the Company, may not be comparable to similarly titled measures reported by other companies. The Company believes that EBITDA is a widely followed measure of operating performance and is one of many metrics used by the Company's management team and by other users of the Company's consolidated financial statements.

    Adjusted EBITDA is calculated as EBITDA adjusted by items in non-GAAP adjusted net income, above, except for taxes, as taxes are already excluded from EBITDA.

    The following table provides a reconciliation of net income (GAAP) to EBITDA (non-GAAP) and Adjusted EBITDA (non-GAAP) for the periods indicated:





    Three Months Ended 

     December 31,



    Years Ended

     December 31,





    2024



    2023



    2024



    2023





    (in thousands)

    Net income, a GAAP measure



    $      24,690



    $      47,049



    $    168,559



    $    177,623

    Depreciation and amortization



    17,550



    13,029



    62,735



    46,468

    Interest expense



    1,208



    884



    2,905



    4,843

    Income tax expense



    3,576



    16,084



    38,032



    45,531

    EBITDA, a non-GAAP measure



    47,024



    77,046



    272,231



    274,465

    Litigation settlement



    —



    —



    —



    7,500

    Profit sharing effect1



    —



    —



    —



    (750)

    Adjusted EBITDA, a non-GAAP measure



    $      47,024



    $      77,046



    $    272,231



    $    281,215

    Adjusted EBITDA margin



    15.8 %



    25.1 %



    22.7 %



    24.1 %

    1Profit sharing effect of litigation settlement in the respective period.

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/aaon-reports-fourth-quarter-and-full-year-2024-results-302387096.html

    SOURCE AAON

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      Industrials
    • AAON Announces Executive Leadership Alignment Centered Around Leading Business Units

      TULSA, Okla., Nov. 22, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ:AAON) ("AAON" or the "Company"), is pleased to announce new alignment in its executive leadership structure as future opportunities emerge with the Company's leading market brands, AAON and BASX. This new leadership structure will enable teams to better support the Company's strategic growth, streamline processes, accelerate project delivery, and drive toward long-term stability.  "New opportunities are emerging as we significantly expand our production capacity and diversify our geographic footprint with the most

      11/22/24 1:30:00 PM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • Vistra Set to Join S&P 500; Aaon to Join S&P MidCap 400; Marathon Digital Holdings to Join S&P SmallCap 600

      NEW YORK, May 3, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Vistra Corp. (NYSE: VST) will replace Pioneer Natural Resources Co. (NYSE:PXD) in the S&P 500, S&P SmallCap 600 constituent Aaon Inc. (NASD: AAON) will replace Vistra in the S&P MidCap 400, and Marathon Digital Holdings Inc. (NASD: MARA) will replace Aaon in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, May 8. S&P 500 and S&P 100 constituent Exxon Mobil Corp. (NYSE:XOM) acquired Pioneer Natural Resources in a deal that closed today, Friday May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name       Action C

      5/3/24 7:05:00 PM ET
      $AAON
      $MARA
      $PXD
      $SPGI
      Industrial Machinery/Components
      Industrials
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    $AAON
    Analyst Ratings

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    • AAON upgraded by CJS Securities with a new price target

      CJS Securities upgraded AAON from Market Perform to Market Outperform and set a new price target of $110.00

      2/28/25 8:38:30 AM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • AAON upgraded by Robert W. Baird with a new price target

      Robert W. Baird upgraded AAON from Neutral to Outperform and set a new price target of $130.00 from $114.00 previously

      10/28/24 7:28:00 AM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • AAON downgraded by Sidoti with a new price target

      Sidoti downgraded AAON from Buy to Neutral and set a new price target of $111.00 from $102.00 previously

      10/22/24 8:22:08 AM ET
      $AAON
      Industrial Machinery/Components
      Industrials

    $AAON
    SEC Filings

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    • AAON Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - AAON, INC. (0000824142) (Filer)

      5/1/25 7:10:20 AM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • SEC Form 10-Q filed by AAON Inc.

      10-Q - AAON, INC. (0000824142) (Filer)

      5/1/25 7:03:23 AM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • SEC Form DEF 14A filed by AAON Inc.

      DEF 14A - AAON, INC. (0000824142) (Filer)

      4/2/25 3:06:06 PM ET
      $AAON
      Industrial Machinery/Components
      Industrials

    $AAON
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    • AAON Reports Sales & Earnings for the First Quarter of 2025

      TULSA, Okla., April 30, 2025 /PRNewswire/ -- AAON, INC. (NASDAQ-AAON), a leader in high-performing, energy-efficient HVAC solutions that bring long-term value to customers and owners, today announced its results for the first quarter of 2025. Gary Fields, CEO, stated, "We had a strong first quarter. Net sales, gross margin and earnings all experienced quarter-over-quarter improvement. Production of BASX-branded equipment made solid progress as we accelerated backlog conversion, utilizing all four of our major locations, including our new facility in Memphis. The resulting net

      4/30/25 9:14:00 PM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • AAON Announces First Quarter 2025 Conference Call And Webcast

      TULSA, Okla., April 22, 2025 /PRNewswire/ -- AAON, Inc. (NASDAQ:  AAON) ("AAON" or the "Company"), a leader in high-performing, energy-efficient HVAC solutions that brings long-term value to customers and owners, announces that it has scheduled its quarterly conference call and webcast for Thursday, May 1, 2025, at 9:00 a.m. EDT to discuss first quarter 2025 financial results.  The results will be released earlier that morning. The conference call will be accessible via dial-in for those who wish to participate in Q&A as well as a listen-only webcast.  The dial-in is accessibl

      4/22/25 7:00:00 AM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • AAON Increases Quarterly Cash Dividend

      TULSA, Okla., March 5, 2025 /PRNewswire/ -- AAON, Inc. (NASDAQ:  AAON) ("AAON" or the "Company"), today announced that its Board of Directors has declared the Company's next regular quarterly cash dividend of $0.10 per share (or $0.40 annually), an increase of 25%. The next cash dividend will be payable on March 28, 2025, to stockholders of record as of the close of business on March 18, 2025. About AAON, Inc.Founded in 1988, AAON is a leader in HVAC solutions for commercial and industrial indoor environments. The company's industry-leading approach to designing and manufactur

      3/5/25 9:00:00 AM ET
      $AAON
      Industrial Machinery/Components
      Industrials

    $AAON
    Large Ownership Changes

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    Insider Trading

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    • Amendment: SEC Form SC 13G/A filed by AAON Inc.

      SC 13G/A - AAON, INC. (0000824142) (Subject)

      11/13/24 4:05:23 PM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • Amendment: SEC Form SC 13G/A filed by AAON Inc.

      SC 13G/A - AAON, INC. (0000824142) (Subject)

      11/12/24 12:13:23 PM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • SEC Form SC 13G filed by AAON Inc.

      SC 13G - AAON, INC. (0000824142) (Subject)

      11/4/24 10:57:18 AM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • Director Stewart David Raymond bought $80,860 worth of shares (1,000 units at $80.86) (SEC Form 4)

      4 - AAON, INC. (0000824142) (Issuer)

      3/14/25 11:15:40 AM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • SEC Form 4: Stewart David Raymond bought $30,085 worth of shares (500 units at $60.17)

      4 - AAON, INC. (0000824142) (Issuer)

      9/19/23 10:32:09 AM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • Amendment: CEO Fields Gary D exercised 12,912 shares at a strike of $29.48 and sold $7,235,304 worth of shares (74,412 units at $97.23), decreasing direct ownership by 70% to 26,491 units (SEC Form 4)

      4/A - AAON, INC. (0000824142) (Issuer)

      5/8/25 3:26:47 PM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • CEO Fields Gary D exercised 12,912 shares at a strike of $29.48 and sold $7,235,304 worth of shares (74,412 units at $97.23), decreasing direct ownership by 70% to 26,491 units (SEC Form 4)

      4 - AAON, INC. (0000824142) (Issuer)

      5/8/25 3:05:15 PM ET
      $AAON
      Industrial Machinery/Components
      Industrials
    • Director Asbjornson Norman H gifted 135,659 shares (SEC Form 4)

      4 - AAON, INC. (0000824142) (Issuer)

      5/7/25 1:53:03 PM ET
      $AAON
      Industrial Machinery/Components
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