Aaon Inc Stock Price, News & Analysis

AAON, a leader in HVAC solutions, has announced its quarterly conference call to discuss fourth quarter 2022 financial results, scheduled for February 27, 2023, at 5:15 p.m. EST. The financial results will be released after market close on the same day. Participants can join the call via dial-in or listen-only webcast, with specific access numbers provided. A replay will be available the following business day on the company’s website. Headquartered in Tulsa, Oklahoma, AAON focuses on providing highly configurable HVAC systems that enhance efficiency and long-term value for customers.

AAON, Inc. (NASDAQ: AAON) has announced a shift to the lower Global Warming Potential (GWP) refrigerant R-454B, replacing R-410A in its HVAC products. This transition is expected to start by the end of Q3 2023, ahead of environmental regulation phase-out dates. R-454B boasts a GWP of 466, promoting reduced environmental impact and aligning with future refrigerant regulations. The change also requires minimal redesign costs due to similar properties to R-410A. AAON continues its commitment to sustainable HVAC solutions, positioning itself as a leader in environmentally friendly equipment.

AAON, Inc. has declared a semi-annual cash dividend of $0.24 per share, representing a 26% increase from previous dividends, payable on December 16, 2022. This decision reflects the company's continued commitment to returning value to shareholders. Additionally, the Board has authorized a stock buyback program of up to $50 million, allowing for purchases through open market transactions, potentially enhancing shareholder value and boosting stock price.

AAON reported a record net sales of $242.6 million for Q3 2022, a 75.1% increase from Q3 2021. Growth was driven by a strong backlog, organic volume growth, and pricing strategies which contributed to a gross profit margin of 27.0%. Earnings per diluted share rose 75.9% to $0.51. The company also achieved a significant backlog of $514.7 million, up 183.1% year-over-year. Despite supply chain issues, operational productivity improved. However, the company announced the termination of its WH and WV water-source heat pump series due to profitability concerns.

AAON, based in Tulsa, Oklahoma, has scheduled its quarterly conference call for November 7, 2022, at 5:15 p.m. Eastern to discuss Q3 2022 financial results, releasing the data post-market close. The call will offer both dial-in and listen-only webcast options. Domestic participants can call 1-888-440-3307, while international callers can reach 1-646-960-0787 using conference ID 7249161. A replay will be accessible the following day on the Company's website.

AAON specializes in configurable HVAC solutions, aiming to deliver long-term value to customers.

AAON, a leader in HVAC solutions, has launched its new zero degree cold climate air-source heat pump packaged rooftop unit, available in sizes from 2 to 30 tons. This innovative product addresses the growing demand for building decarbonization in cold climates, capable of operating efficiently down to 0°F. The unit utilizes advanced technology such as variable speed compressors and outdoor fans. AAON is also expanding its research for larger capacity units and lower temperature operations, showcasing its commitment to sustainability and efficiency.