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) is a manufacturing company focused on high-performance, energy-efficient HVAC solutions for commercial, industrial and data center indoor environments. Founded in 1988 and headquartered in Tulsa, Oklahoma, the company communicates regularly with investors and customers through news releases covering its operations, technology and capital decisions.
The AAON news feed features updates on quarterly financial results, including segment performance for AAON Oklahoma, AAON Coil Products and BASX, as well as information on bookings, backlog and margins. These releases often discuss demand trends for AAON- and BASX-branded equipment, with particular emphasis on data center applications and national account activity.
Visitors can also expect corporate and governance news, such as leadership appointments and promotions, including roles overseeing the AAON business unit and operations across multiple U.S. manufacturing facilities. Announcements about participation in investor conferences and related presentations are disclosed, providing additional context on the company’s strategy and outlook.
Another recurring topic in AAON news is capital allocation and financing. The company issues press releases on regular quarterly cash dividends authorized by its Board of Directors, as well as updates on its revolving credit facility and the exercise of an accordion feature to increase borrowing capacity. These items illustrate how AAON funds growth initiatives and returns capital to shareholders.
Product and technology developments also appear in the news stream, including information on AAON’s Alpha Class air-source heat pumps and participation in the U.S. Department of Energy’s Commercial Building HVAC Technology Challenge. For investors and industry followers, the AAON news page offers a centralized view of financial performance, operational updates, leadership changes and HVAC technology milestones.
AAON, a leader in HVAC solutions, announced its quarterly conference call scheduled for August 8, 2022, at 5:15 p.m. Eastern to discuss its second quarter 2022 financial results. The results will be released after market close on the same day. Investors can participate via a dial-in or listen to a webcast. A replay will be available on the company’s website the following business day. AAON, founded in 1988 and headquartered in Tulsa, Oklahoma, focuses on delivering efficient and sustainable HVAC solutions for commercial and industrial environments.
AAON, Inc. (NASDAQ: AAON) has won a Gold award in the HVAC Light Commercial Equipment category at the 19th Annual Dealer Design Awards. The award recognizes the RQ/RN Series Zero Degree Cold Climate Air-Source Heat Pump, highlighting the company's commitment to innovation in HVAC design. The awards featured 132 entries, judged by an independent panel of contractors. This recognition underscores AAON's role in meeting the demand for building decarbonization in cold climates, with products designed for efficiency in temperatures as low as 0°F.
AAON announced the appointment of Xerxes Gazder as Chief Information Officer, effective July 18, 2022. Gazder brings nearly 30 years of leadership experience in various industries, including manufacturing and healthcare. He holds a Bachelor’s in Mathematics and a Master’s in Computer Science. Former CIO Rony Gadiwalla will assist in the transition until August 12, 2022. CEO Gary D. Fields praised Gadiwalla for his contributions over 17 years. AAON specializes in manufacturing HVAC systems and has been committed to delivering high-performance heating and cooling products since its founding in 1988.
On July 11, 2022, AAON, Inc. (NASDAQ: AAON) announced participation in the CJS Securities "New Ideas" Conference, featuring presentations from key executives including Gary Fields, President and CEO. The event will take place on July 12, 2022, at 1:00 PM (ET) in Greenwich, Connecticut. Presentation materials are accessible on the AAON website. Established in 1988, AAON specializes in engineering, manufacturing, and selling various heating and cooling equipment, maintaining a strong commitment to quality and innovation.
AAON, a leader in heating and cooling equipment, declared a semi-annual cash dividend of $0.19 per share, totaling $0.38 annually. The payment is set for July 1, 2022, to shareholders on record as of June 3, 2022. Additionally, the company promoted Casey R. Kidwell to Vice President of Administration, effective May 12, 2022, shifting towards modernized governance as it appointed A.H. McElroy II as Independent Chairman and Caron Lawhorn as Independent Vice Chair following retirements in the board.
AAON reported strong Q1 2022 results, with net sales increasing 57.8% to $182.8 million. This growth was driven by 21.3% organic volume growth and an 18.1% contribution from the acquisition of BasX Solutions. However, gross profit margin declined to 25.2% from 28.6% due to rising material costs, while SG&A costs rose 56.9%. Despite challenges, diluted EPS increased 10.0% to $0.33. The company ended the quarter with a record backlog of $461.4 million, marking a 377.0% year-over-year increase.
AAON, Inc. announced that Norman H. Asbjornson will retire as Executive Chairman on May 12, 2022, after nearly 34 years of service but will remain on the Board of Directors and assist in a consulting role until May 2024. CEO Gary Fields highlighted the planned succession and expressed confidence in the company’s strategic objectives moving forward. Asbjornson praised AAON's achievements and expressed confidence in the company’s future under the leadership of Fields.
AAON has announced its quarterly conference call scheduled for May 5, 2022, at 5:15 p.m. Eastern. This call will discuss the first quarter 2022 financial results, which will be released after the market closes on the same day. Participants can join via a dial-in or a listen-only webcast by registering online. A replay will be available the following business day on the company's website.
Founded in 1988, AAON specializes in manufacturing energy-efficient HVAC products for nonresidential buildings.
On April 13, 2022, AAON (NASDAQ: AAON) announced that CFO Rebecca Thompson has been honored with the 2022 STEP Ahead Award by the Manufacturing Institute. This award recognizes women demonstrating leadership in manufacturing. Thompson expressed gratitude for AAON's support of women leaders and emphasized the importance of mentorship. The STEP Ahead initiative aims to close the gender gap in manufacturing by empowering women and fostering a skilled workforce. The award ceremony will take place on April 28 in Washington, D.C.
AAON, Inc. announced the retirement of Paul K. Lackey, Jr. from its Board of Directors, effective at the Annual Meeting on May 12, 2022. Lackey, who has served since 2007, will not seek re-election to reduce his professional commitments. CEO Gary D. Fields expressed gratitude for Lackey's invaluable contributions over nearly 15 years. AAON, founded in 1988, specializes in manufacturing premium air conditioning and heating equipment.