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 manufactures highly configurable and custom HVAC equipment for commercial, industrial and data center indoor environments. Company updates commonly cover AAON- and BASX-branded systems, including rooftop units, chillers, air-handling units, energy-recovery units, coils, control solutions and related parts.
Recurring news themes include quarterly operating results, backlog and bookings trends, production capacity and utilization, data center equipment demand, dividends and capital actions. Product announcements also include energy-efficient HVAC technologies such as the Alpha Class EXTREME SERIES packaged rooftop unit and simultaneous dual fuel capability.
AAON, Inc. (NASDAQ: AAON) announces that President and CEO Gary Fields and Vice President and CFO Scott Asbjornson will present at the DA Davidson and Sidoti Virtual Conferences. The first presentation is scheduled for September 22, 2020, at 8:00 AM (ET) during the DA Davidson 19th Annual Diversified Industrials & Services Conference. Following that, AAON will present at the Sidoti Fall 2020 Investor Conference on September 24, 2020, at 10:45 AM (ET). Presentation materials are available on the AAON investor website.
AAON, a top manufacturer of heating and cooling products, achieved the Platinum level in the 2020 Sustainable Tulsa Scor3card verification program, an improvement from Gold in 2019 and Bronze in previous years. To attain this, the company fulfilled over 85% of eligible directives covering areas like energy conservation and community stewardship. In 2020, capital expenditures are projected at $73 million, incorporating energy-efficient upgrades. CEO Gary Fields emphasized the company's commitment to environmental sustainability as a core business strategy.
AAON, based in Tulsa, will host a conference call on August 6, 2020, at 4:15 p.m. ET to discuss its second quarter performance ending June 30, 2020. The call will cover recent events and future outlook, lasting approximately 45 minutes.
Participants can join via the U.S. toll-free number 1-833-634-8218 with the passcode 9699424. A rebroadcast will be available until August 20, 2020, at 1-855-859-2056 using the same passcode.
AAON has declared a semi-annual cash dividend increase of 18.75% to $0.19 per share, amounting to $0.38 annually, effective July 1, 2020, for shareholders on record by June 3, 2020. The CEO emphasized the company’s strong capital position in supporting this dividend. Additionally, AAON approved a $1.25 million donation to the Winifred Montana Public School District for a new school building, honoring the legacy of its founder. The donation reflects AAON's commitment to community support.
AAON, Inc. announces a leadership transition, appointing Gary D. Fields as the new Chief Executive Officer effective May 12, 2020, while Norman H. Asbjornson will become Executive Chairman. Fields has been with AAON since 2016, showcasing strong leadership skills. Under his presidency, AAON achieved record net income and revenue in Q1 2020. The Board believes this transition will enhance value for shareholders, leveraging Asbjornson's experience and Fields’ industry expertise. This change aims to continue AAON’s strategic growth in the HVAC market.
AAON, Inc. (NASDAQ-AAON) reported robust Q1 2020 results with net sales of $137.5 million, a 20.8% increase year-over-year. Gross profit surged 68.9% to $42.9 million, enhancing gross profit margin from 22.3% to 31.2%. Net income rose 149.5% to $21.9 million, translating to earnings per diluted share of $0.41. Despite a 16.2% decline in backlog from year-end 2019, the company maintained strong cash reserves of $52.1 million and continued to adapt to COVID-19 challenges while achieving nearly 100% on-time deliveries.
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