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, 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.
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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.
On August 9, 2022, Gene Stewart announced his resignation as Executive Vice President of AAON, effective August 16, 2022. Stewart previously returned to the company in April 2020 and played a crucial role in transforming the Longview, Texas facility. His leadership positively impacted the aftermarket business strategy and marketing efforts. CEO Gary Fields praised Stewart for his contributions to the company’s operations and sales channels. Following his departure, AAON continues to focus on innovation in HVAC solutions and maintaining its industry leadership.
On August 3, 2022, AAON appointed Rob Teis as Vice President of Sales and Marketing, signaling a strategic move during a pivotal period for the company. Rob, who has been with AAON since 2002 and served as the Director of Sales since 2017, brings extensive experience in sales management and technical expertise. The CEO, Gary D. Fields, emphasized that this promotion is crucial for executing AAON's long-term plans and enhancing their sales strategy. AAON, a leader in HVAC solutions, aims to foster innovation and sustainability in its operations.
AAON, a provider of HVAC solutions, reported a 45.1% increase in net sales for Q2 2022, totaling $208.8 million, driven by the acquisition of BasX. Despite this growth, earnings per share fell 21.1% to $0.30 due to declining gross profit margins impacted by rising costs. The company ended the quarter with a record backlog of $464 million, a 235.9% year-over-year increase. Management remains optimistic about future growth and margin improvement as higher-priced orders are processed.
AAON, a leader in HVAC solutions, announced its quarterly conference call scheduled for August 8, 2022, at 5:15 p.m. Eastern to discuss its second quarter 2022 financial results. The results will be released after market close on the same day. Investors can participate via a dial-in or listen to a webcast. A replay will be available on the company’s website the following business day. AAON, founded in 1988 and headquartered in Tulsa, Oklahoma, focuses on delivering efficient and sustainable HVAC solutions for commercial and industrial environments.
AAON, Inc. (NASDAQ: AAON) has won a Gold award in the HVAC Light Commercial Equipment category at the 19th Annual Dealer Design Awards. The award recognizes the RQ/RN Series Zero Degree Cold Climate Air-Source Heat Pump, highlighting the company's commitment to innovation in HVAC design. The awards featured 132 entries, judged by an independent panel of contractors. This recognition underscores AAON's role in meeting the demand for building decarbonization in cold climates, with products designed for efficiency in temperatures as low as 0°F.
AAON announced the appointment of Xerxes Gazder as Chief Information Officer, effective July 18, 2022. Gazder brings nearly 30 years of leadership experience in various industries, including manufacturing and healthcare. He holds a Bachelor’s in Mathematics and a Master’s in Computer Science. Former CIO Rony Gadiwalla will assist in the transition until August 12, 2022. CEO Gary D. Fields praised Gadiwalla for his contributions over 17 years. AAON specializes in manufacturing HVAC systems and has been committed to delivering high-performance heating and cooling products since its founding in 1988.
On July 11, 2022, AAON, Inc. (NASDAQ: AAON) announced participation in the CJS Securities "New Ideas" Conference, featuring presentations from key executives including Gary Fields, President and CEO. The event will take place on July 12, 2022, at 1:00 PM (ET) in Greenwich, Connecticut. Presentation materials are accessible on the AAON website. Established in 1988, AAON specializes in engineering, manufacturing, and selling various heating and cooling equipment, maintaining a strong commitment to quality and innovation.