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 announced a quarterly cash dividend of $0.08 per share, amounting to an annualized dividend of $0.32. This dividend will be payable on June 28, 2024, to shareholders recorded by June 7, 2024.
AAON announced its shift to the environmentally friendly refrigerant R-454B across its HVAC product line, ahead of the 2025 EPA mandate. With a Global Warming Potential (GWP) of 466, R-454B reduces environmental impact by 78% compared to R-410A. AAON began accepting orders in January 2024 and is now shipping products with R-454B. Despite this upgrade, AAON maintains current pricing for its customers and assures normal lead times. The new refrigerant aligns with AAON’s commitment to sustainability and positions the company ahead of industry regulations and competitors.
AAON, Inc. releases its Sustainability Report for 2023, focusing on enhancing overall sustainability practices and achieving long-term environmental goals. The report highlights investments in operational efficiency, innovation in HVAC solutions, industry collaboration, and community sustainability efforts. Key achievements include the development of energy-efficient HVAC equipment, adoption of low-emission refrigerants, progress towards reducing GHG emissions, and commitment to diversity and inclusion.
AAON, INC. (NASDAQ-AAON) reported its first quarter results for 2024, showcasing a 1.4% decrease in net sales to $262.1 million, driven by declines in specific segments. Gross profit margin expanded to 35.2%, with EPS at $0.46, benefiting from a tax benefit. Despite a slow start, the company foresees improvements in bookings and backlogs, aiming for stronger results throughout the year.
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