Aaon Inc Stock Price, News & Analysis

AAON, a leader in HVAC products, will host its quarterly conference call on February 28, 2022, at 5:15 p.m. to discuss fourth quarter 2021 financial results. The results will be released after market close the same day.

Investors can participate via a Q&A dial-in or a listen-only webcast by registering at this link. A replay will be available the following business day on AAON's website.

AAON, Inc. announced the election of Gene Stewart as Executive Vice President and Doug Wichman as Executive Vice President of AAON Coil Products, effective January 1, 2022. Stewart previously served as President of AAON Coil Products and has extensive industry experience, while Wichman, with the company since 2013, was most recently Director of Manufacturing. CEO Gary D. Fields emphasized these promotions align with succession planning and acknowledge their contributions to the company's success.

AAON, Inc. (NASDAQ: AAON) has successfully acquired BasX Solutions for a total of up to $180 million, finalized on December 10, 2021. The upfront payment of $100 million was primarily funded by cash reserves, while additional payment associated with performance milestones could reach $80 million. AAON also plans to acquire real estate related to BasX for $22 million. This acquisition provides AAON access to the high-growth data center and cleanroom markets, which are projected to enhance revenue and profitability, with BasX expected to generate approximately $70 million in revenue in 2021.

AAON, a leader in premium HVAC products, announced that CEO Gary Fields and CFO Rebecca Thompson will participate in a virtual fireside chat at the Credit Suisse Global Industrials Conference on December 2, 2021, at 8:50 a.m. ET. The event will be available via live webcast and can also be accessed later for replay. AAON specializes in manufacturing highly energy-efficient heating and cooling equipment, established in 1988. For more information, visit www.AAON.com.

AAON, Inc. has announced its acquisition of BasX, LLC for $100 million, with potential earn-out payments of up to $80 million. BasX specializes in high-efficiency cooling solutions for data centers and cleanroom environments, projecting revenue of approximately $70 million in 2021. This acquisition aims to enhance AAON's market presence in high-growth sectors and is anticipated to be accretive to earnings immediately, excluding acquisition-related costs. Additionally, the acquisition is expected to generate significant revenue and cost synergies while maintaining BasX's management team for continuity.

AAON, Inc. has declared a semi-annual cash dividend of $0.19 per share, totaling $0.38 annually. This dividend is scheduled for payment on December 17, 2021, to stockholders who are on record as of November 26, 2021. The company specializes in manufacturing heating and cooling equipment and has been operational since 1988. AAON emphasizes innovation and customer satisfaction in its product offerings.

AAON, Inc. reported its third-quarter 2021 financial results, highlighting a 2.8% increase in net sales to $138.6 million, driven by higher prices and a favorable product mix. However, gross profit decreased by 11.8% to $36 million, reflecting rising material costs and labor shortages. Net income fell 23.8% to $15.6 million. The company has a backlog of $181.8 million, up 114% year-over-year, indicating strong demand. Despite challenges, management remains optimistic, implementing price increases and tackling labor issues, aiming for improved production in the fourth quarter.

AAON, Inc. (NASDAQ: AAON) announced that its RZ Series Rooftop Unit has received the 2021 Product of the Year - Gold award from the readers of Consulting-Specifying Engineer. The RZ Series units, ranging from 45 to 261 tons, are designed for efficiency and ease of installation, featuring high part load energy efficiencies of up to 22.5 IEER and components like variable speed compressors. CEO Gary Fields expressed pride in this recognition, which underscores the commitment to high-quality HVAC solutions.

AAON, Inc. (NASDAQ: AAON) will host a conference call on November 4, 2021, at 5:30 p.m. ET to discuss its third quarter earnings, covering performance for the period ended September 30, 2021. The call aims to address recent events and the future outlook. Interested participants can call 1-888-241-0551 (U.S. toll-free) with pass code 2466188. A rebroadcast will be available until November 11, 2021.

AAON specializes in manufacturing air conditioning and heating equipment, ensuring high-quality performance since its inception in 1988.