STOCK TITAN

AAON, Inc. - AAON STOCK NEWS

Welcome to our dedicated page for AAON news (Ticker: AAON), a resource for investors and traders seeking the latest updates and insights on AAON stock.

AAON Inc. (NASDAQ: AAON), established in 1988 and headquartered in Tulsa, Oklahoma, is a leading manufacturer of high-performance, energy-efficient HVAC solutions for commercial and industrial markets. The company's product portfolio includes rooftop units, chillers, air-handling units, geothermal heat pumps, and more. AAON serves diverse markets primarily in North America, focusing on new construction and replacement applications.

AAON is renowned for its commitment to innovation, highlighted by the recent launch of the AAON Alpha Class air-source heat pumps. These units, available from two to 70 tons, excel in efficiency and environmental sustainability, featuring variable speed compressor technology, energy recovery, and low global warming potential refrigerants. The Alpha Class units are designed to perform reliably even at sub-zero temperatures, making them ideal for diverse climates.

The company's dedication to sustainability extends to its proactive transition to the low GWP refrigerant R-454B, significantly reducing environmental impact ahead of regulatory mandates. Additionally, AAON's participation in the Department of Energy's Better Buildings Commercial Building Heat Pump Accelerator underscores its leadership in advancing sustainable HVAC technologies.

AAON's financial performance has been robust, marked by consistent record sales and profits, driven by improved operational efficiencies, strategic pricing, and a strong backlog. The company's world-class innovation center and testing lab in Tulsa enable continuous advancements in HVAC technology, ensuring AAON remains at the forefront of industry innovation.

Under the leadership of CEO Gary Fields and President Matt Tobolski, AAON continues to enhance its operational capabilities and expand its market presence. Recent executive appointments reflect the company's strategic focus on aligning resources and leveraging organizational efficiencies for sustained growth.

AAON's commitment to community engagement and workforce development is evident in its active participation in Manufacturing Month events, fostering awareness of career opportunities in manufacturing and inspiring future generations of innovators.

Rhea-AI Summary

AAON, Inc. (NASDAQ: AAON), a leading provider of configurable HVAC solutions, has announced its second quarter 2024 earnings conference call and webcast scheduled for Thursday, August 1, 2024, at 5:15 p.m. EDT. The company will release its financial results immediately after the market closes on the same day. Investors and analysts can participate in the Q&A session via dial-in at 1-800-836-8184 or access the listen-only webcast through a registration link. A replay of the call will be available on AAON's investor relations website the following business day.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
conferences earnings
-
Rhea-AI Summary

AAON (NASDAQ: AAON) has completed two share repurchase programs as of June 17, 2024. The first program, effective February 27, 2024, repurchased 671,230 shares for $50 million at an average price of $74.49 per share, finishing on June 4, 2024. The second program, effective June 4, 2024, repurchased 682,334 shares for $50 million at an average price of $73.28 per share, completing on June 14, 2024. CEO Gary Fields expressed confidence in AAON's long-term growth and highlighted the company's commitment to delivering shareholder value. The repurchases were funded by cash reserves and available credit without hindering strategic investments or the company's strong balance sheet.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.54%
Tags
buybacks
-
News
Rhea-AI Summary

AAON announced a quarterly cash dividend of $0.08 per share, amounting to an annualized dividend of $0.32. This dividend will be payable on June 28, 2024, to shareholders recorded by June 7, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.62%
Tags
dividends
Rhea-AI Summary

AAON announced its shift to the environmentally friendly refrigerant R-454B across its HVAC product line, ahead of the 2025 EPA mandate. With a Global Warming Potential (GWP) of 466, R-454B reduces environmental impact by 78% compared to R-410A. AAON began accepting orders in January 2024 and is now shipping products with R-454B. Despite this upgrade, AAON maintains current pricing for its customers and assures normal lead times. The new refrigerant aligns with AAON’s commitment to sustainability and positions the company ahead of industry regulations and competitors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
none
-
Rhea-AI Summary

AAON, Inc. releases its Sustainability Report for 2023, focusing on enhancing overall sustainability practices and achieving long-term environmental goals. The report highlights investments in operational efficiency, innovation in HVAC solutions, industry collaboration, and community sustainability efforts. Key achievements include the development of energy-efficient HVAC equipment, adoption of low-emission refrigerants, progress towards reducing GHG emissions, and commitment to diversity and inclusion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.87%
Tags
none
-
Rhea-AI Summary

AAON, INC. (NASDAQ-AAON) reported its first quarter results for 2024, showcasing a 1.4% decrease in net sales to $262.1 million, driven by declines in specific segments. Gross profit margin expanded to 35.2%, with EPS at $0.46, benefiting from a tax benefit. Despite a slow start, the company foresees improvements in bookings and backlogs, aiming for stronger results throughout the year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.74%
Tags
Rhea-AI Summary
AAON, Inc. announces its first quarter 2024 conference call and webcast to discuss financial results, scheduled for May 2, 2024, at 5:15 p.m. EDT. The results will be released after the market closes on the same day, with a dial-in for Q&A and a listen-only webcast available. A replay will be accessible on the company's website the following business day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
-
Rhea-AI Summary
AAON, Inc. partners with the Department of Energy on the Better Buildings Commercial Building Heat Pump Accelerator to develop cold climate heat pumps. AAON's Alpha Class heat pumps offer high efficiency, low emissions, and reliable operation at low temperatures, setting them apart in the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.55%
Tags
partnership
-
Rhea-AI Summary
AAON, Inc. (NASDAQ: AAON) declares a quarterly cash dividend of $0.08 per share, totaling $0.32 annually, payable on March 29, 2024. The Board of Directors approves a $25 million increase in share repurchase authorization, totaling $50 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
Tags
buyback dividends
Rhea-AI Summary
AAON, Inc. executives to participate in Sidoti & Company Small Cap Virtual Conference on March 13, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
Tags
conferences

FAQ

What products does AAON Inc. manufacture?

AAON Inc. manufactures high-performance HVAC equipment including rooftop units, chillers, air-handling units, geothermal heat pumps, and more, primarily for commercial and industrial markets.

What is the AAON Alpha Class?

The AAON Alpha Class is a line of high-performance air-source heat pumps designed for superior efficiency and reliability, featuring variable speed technology, energy recovery, and low GWP refrigerants.

How does AAON contribute to environmental sustainability?

AAON is committed to sustainability through initiatives like the proactive adoption of low GWP refrigerant R-454B and participation in the DOE's Better Buildings Commercial Building Heat Pump Accelerator.

What recent financial achievements has AAON reported?

AAON has reported consistent record sales and gross profits, driven by improved operational efficiencies, strategic pricing, and a strong order backlog.

Where is AAON headquartered?

AAON is headquartered in Tulsa, Oklahoma, where it operates a world-class innovation center and testing lab.

Who are the current leaders of AAON Inc.?

AAON Inc. is led by Gary Fields as CEO and Matt Tobolski as President and COO, along with a strategically aligned executive leadership team.

What is the significance of AAON's participation in Manufacturing Month?

AAON's participation in Manufacturing Month highlights its commitment to community engagement, workforce development, and fostering awareness of career opportunities in manufacturing.

How does the AAON Alpha Class heat pump perform in cold climates?

The AAON Alpha Class heat pump is engineered to operate reliably at lower ambient temperatures than traditional heat pumps, providing high heating capacities even in sub-zero conditions.

What are AAON's future growth strategies?

AAON's growth strategies include expanding production capacity, leveraging technological advancements, and enhancing operational efficiencies to meet increasing market demand.

How does AAON contribute to the HVAC industry's innovation?

AAON contributes to HVAC industry innovation through continuous product development, proactive adoption of new technologies, and maintaining a strong focus on sustainability and efficiency.

AAON, Inc.

Nasdaq:AAON

AAON Rankings

AAON Stock Data

7.32B
82.21M
17.23%
71.62%
4.91%
Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
Manufacturing
Link
United States of America
TULSA