Aaon Inc Stock Price, News & Analysis

AAON, a leading provider of high-performance and energy-efficient HVAC solutions, has announced its participation in the Baird 2024 Global Industrials Conference in Chicago. CEO Gary Fields and President/COO Matt Tobolski will represent the company at the event, scheduled for November 12-13, 2024. The executives will deliver a 30-minute presentation and conduct one-on-one meetings with investors throughout the conference. Interested investors can arrange meetings through their Baird conference representatives.

AAON celebrated National Manufacturing Month in October by hosting over 250 students, educators, and business leaders at its facilities. The initiative aims to address manufacturing industry challenges, including the projected need to fill over 4 million jobs by 2030, with concerns that half might remain unfilled due to skills gaps and industry misperceptions.

The company conducted tours at its Tulsa, Oklahoma location, showcasing its Norman Asbjornson Innovation Center and Exploration Center. In Longview, Texas, AAON participated in LEDCO's Company Leader Big Techs Tour series, highlighting facility expansions and career opportunities. The month also featured employee appreciation events across all locations.

AAON has secured orders worth approximately $174.5 million from a data center customer for custom-designed thermal management systems supporting liquid cooling deployment. The equipment will be manufactured under the BASX brand in Longview, Texas facilities, with production and delivery expected mainly in the first half of 2025. A new facility construction is on track for completion by end-2024, with staffing and setup already underway. The company emphasizes its engineering capabilities and leadership in the data center cooling market, viewing these orders as part of a larger growth opportunity in what they anticipate to be a multi-year growth cycle.

AAON, a provider of high-performing, energy-efficient HVAC solutions, has scheduled its third quarter 2024 financial results conference call and webcast for Thursday, November 7, 2024, at 5:15 p.m. EST. The financial results will be released after market close on the same day. Participants can join via dial-in at 1-800-836-8184 for Q&A participation or access a listen-only webcast through registration. A replay will be available on the company's investor website the following business day.

BASX, a leader in manufacturing high-efficiency data center cooling solutions, cleanroom systems, and custom HVAC systems, has officially opened its new 36,000-square-foot weld shop in Redmond, Oregon. The ribbon-cutting ceremony, performed by the Redmond Chamber of Commerce, took place on September 18th, 2024, at BASX headquarters.

The new facility is set to create 30 additional welding positions, ranging from entry-level to experienced roles. It features state-of-the-art welding technology, advanced air filtration systems, overhead cranes, and a cutting-edge tube laser. A 75-foot-long dual-zone robotic welding cell is scheduled for installation in early 2025.

Dave Benson, AAON VP and BASX President, emphasized the investment's significance for both the company and Central Oregon's future, highlighting the potential for increased quality, efficiency, and local job opportunities.

AAON has launched Delta Class, the next evolution in Dedicated Outdoor Air System (DOAS) technology. This innovative product line reaffirms AAON's commitment to high-performance and energy-efficient HVAC solutions. Delta Class features variable capacity compressors, modulating reheat, 100% outdoor air dampers, and advanced energy recovery systems. It is designed to meet the complex needs of high-occupancy spaces like schools, fitness centers, restaurants, and entertainment venues while reducing carbon footprint.

The product is rigorously tested at the Norman Asbjornson Innovation Center (NAIC), AAON's AMCA-accredited testing laboratory, ensuring high standards of performance and reliability. Delta Class represents AAON's continued legacy of pioneering eco-friendly HVAC solutions for a sustainable future.

AAON (NASDAQ: AAON) has announced its next regular quarterly cash dividend of $0.08 per share, equivalent to $0.32 annually. The dividend is payable on September 27, 2024 to stockholders of record as of the close of business on September 6, 2024. This announcement demonstrates AAON's commitment to returning value to its shareholders through consistent dividend payments.

AAON, a provider of premier HVAC solutions, reported record sales, earnings, and backlog for Q2 2024. Net sales increased 10.4% to $313.6 million, driven by a 58.3% increase in the BASX segment, primarily from data center equipment sales. Gross profit margin expanded to 36.1%, up from 33.1% in Q2 2023, due to operational efficiencies and lower material costs. Earnings per diluted share rose 12.7% to $0.62. The company achieved a record backlog of $650.0 million, up 23.5% year-over-year. AAON's CEO, Gary Fields, highlighted the company's strong performance in the data center market and strategic positioning for long-term success, including investments in expanded production capacity and cold climate heat pump development.

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.