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 (NASDAQ: AAON), a leading provider of high-performance HVAC solutions, has scheduled its second quarter 2025 earnings conference call for Monday, August 11, 2025, at 9:00 a.m. EDT. The company will release its financial results earlier that morning.
Investors can participate through two options: a dial-in number (1-800-836-8184) for Q&A participation or a listen-only webcast. A replay will be available on the company's investor relations website the following business day.
BASX, a subsidiary of AAON (NASDAQ: AAON), has announced a partnership with Applied Digital (NASDAQ: APLD) to provide custom cooling solutions for Applied Digital's AI data center campus in Ellendale, North Dakota. The collaboration centers on a specialized free cooling chiller system designed for the Polaris Forge 1 facility.
The innovative cooling system operates in three modes with zero water consumption: full free cooling, partial free cooling, and full mechanical cooling. This system is specifically engineered to handle the high power density requirements of AI infrastructure, which demands 15 to 30 times more power density than traditional data centers.
The solution leverages North Dakota's cold climate conditions and is optimized for liquid-cooled NVIDIA GPUs, demonstrating a scalable approach to thermal management that prioritizes efficiency and sustainability.
AAON (NASDAQ: AAON), a leading HVAC solutions provider, has announced two significant corporate updates. The company has expanded its Board of Directors from eight to nine members and appointed Matt J. Tobolski, PhD, as the new director effective May 13, 2025. Dr. Tobolski, 41, who previously served as president and COO since January 2024, has also been named President and CEO, succeeding Gary D. Fields, who will remain on the Board and serve as a special advisor.
Additionally, AAON has declared a quarterly cash dividend of $0.10 per share ($0.40 annually), payable on June 27, 2025, to stockholders of record as of June 6, 2025. Dr. Tobolski's background includes co-founding BASX Solutions in 2013, which was acquired by AAON in December 2021.
AAON reported strong Q1 2025 performance with total net sales increasing 22.9% to $322.1 million. The company's BASX-branded products showed remarkable growth, with sales up 374.8% year-over-year, while AAON-branded equipment sales declined 23% due to supply chain issues with R454B refrigerant components.
The company achieved a gross profit margin of 26.8%, down from 35.2% in Q1 2024. Earnings per diluted share were $0.35, decreasing 23.9% compared to the previous year. Notable highlights include a record total backlog of $1.0 billion, up 83.9% year-over-year.
Looking ahead, AAON plans to invest $220 million in 2025 for its new Memphis plant, improvements in Longview, and technology automation. The company increased its quarterly dividend by 25% to $0.10 per share and completed a share repurchase of 371,139 shares for $30 million at an average price of $80.81.
AAON (NASDAQ: AAON) has unveiled significant advancements to its Alpha Class commercial air-source heat pumps, introducing three performance tiers: ECO, PRO, and EXTREME Series. The development stems from AAON's partnership with Copeland, utilizing their variable-speed compressors and refrigerant injection technology.
The flagship EXTREME Series achieves unprecedented performance, operating at minus 20 degrees Fahrenheit while maintaining 100% heating capacity at five degrees. The PRO Series operates down to zero degrees with variable speed compressors, while the ECO Series features 2-step or digital compressors for cost-effective performance.
This innovation supports the U.S. Department of Energy's Better Buildings Commercial Building Heat Pump Accelerator challenge, advancing industry electrification and decarbonization efforts. The development leverages AAON's three-decade partnership with Copeland, focusing on pushing HVAC technology boundaries.
AAON (NASDAQ: AAON), a premium HVAC solutions provider, has announced an upcoming Investor Day Event scheduled for June 10, 2025, at NASDAQ MarketSite in New York. The event will feature presentations from 9 AM to 12 PM EDT, led by CEO-designate Matt Tobolski and CFO Rebecca Thompson.
The presentation will cover comprehensive topics including:
- Company and industry overview
- Disruptive market trends (decarbonization and government regulations)
- Growth strategies and data center opportunities
- Capital deployment and capacity expansion plans
- Management's long-term outlook
Investors can attend in person or access a live webcast through the registration link. The event will include a Q&A session with AAON's management team.
AAON (NASDAQ: AAON), a leading provider of high-performing, energy-efficient HVAC solutions, has announced its upcoming first quarter 2025 financial results conference call and webcast. The event is scheduled for Thursday, May 1, 2025, at 9:00 a.m. EDT.
The company will release its Q1 2025 financial results earlier that morning. Participants can join via dial-in at 1-800-836-8184 to participate in Q&A, or access the listen-only webcast through registration. A replay will be available on AAON's investor relations website the following business day.
AAON (NASDAQ: AAON) has announced its participation in the upcoming Sidoti Spring 2025 Small-Cap Conference. The company's executive team, including CEO Gary Fields, CFO Rebecca Thompson, President and COO Matt Tobolski, and Director of Investor Relations Joseph Mondillo, will deliver a virtual presentation on March 20, 2025, at 11:30 AM ET. Interested parties can access the presentation materials through AAON's website investor section.
AAON (NASDAQ: AAON) has announced a 25% increase in its quarterly cash dividend. The company's Board of Directors has declared a new quarterly dividend of $0.10 per share, equivalent to $0.40 annually.
The dividend will be paid on March 28, 2025, to stockholders of record at the close of business on March 18, 2025.
AAON (NASDAQ: AAON) has announced that its Board of Directors has approved a $30.0 million share repurchase authorization as part of its previously disclosed $100 million share repurchase program. The company will execute these repurchases through pre-arranged stock repurchase plans following Rule 10b-18 of the Securities Exchange Act of 1934.
The actual implementation details, including timing, number of shares, and value of repurchases, will be determined based on various market factors such as share price, trading volume, and market conditions.