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) 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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