AAON SEC filings document the public-company disclosures of an HVAC equipment manufacturer serving commercial, industrial and data center indoor environments. The record includes Form 8-K reports for operating and financial results, backlog disclosures, Regulation FD materials, quarterly dividend announcements and common stock repurchase authorization.
AAON proxy materials cover shareholder voting matters, board and governance topics, executive compensation and equity-award disclosures. Its filings also address capital-structure matters and material-event reporting tied to the company’s AAON and BASX-branded equipment business.
AAON, Inc. delivered strong first‑quarter growth, with net sales rising 54.3% to $496.9 million, driven largely by BASX-branded data center and cleanroom products. Net income increased to $39.8 million from $29.3 million, and diluted earnings per share improved to $0.48 from $0.35.
Gross margin was 25.1%, slightly below 26.8% a year ago as mix and ramp-up costs offset scale benefits, but operating margin edged up to 11.5%. Backlog more than doubled to $2.13 billion, led by BASX data center liquid cooling orders, supporting future revenue visibility.
The company generated $34.0 million of operating cash flow, funded $45.1 million of capital expenditures, and ended the quarter with a leverage ratio of 1.71 and $173.5 million of revolver availability. AAON also expanded tax-advantaged financing through multiple New Markets Tax Credit projects.
AAON, Inc. reported a very strong first quarter of 2026, highlighted by record sales and backlog and a new share repurchase authorization. Net sales rose 54.3% year-over-year to $496.9 million, while GAAP diluted EPS increased 37.1% to $0.48. Total backlog more than doubled year-over-year to a record $2.13 billion, driven largely by BASX-branded data center products.
Segment results showed broad-based growth: AAON Oklahoma sales increased 50.7%, AAON Coil Products 25.1%, and BASX 104.5%. Gross margin was 25.1%, down from 26.8%, as the company absorbed costs tied to capacity expansion and temporary outsourcing. Operating leverage improved, with SG&A at 13.7% of sales.
The company raised its 2026 outlook, now expecting full-year sales growth of 40%-45%, gross margin of 27%-28%, SG&A at 14%-15% of sales, and depreciation and amortization of $95-$100 million. The Board also authorized up to $100 million of open-market common stock repurchases, with repurchased shares returned to authorized but unissued status.
AAON, INC. Chief Financial Officer Cheung Chung Kin filed an initial Form 3 showing his equity holdings in the company. He reports direct ownership of 2,034 shares of Common Stock.
He also holds a stock option covering 5,211 shares of Common Stock with an exercise price of $97.90 per share, expiring on April 20, 2036. According to the award terms, this option was granted under AAON's 2024 Long Term Incentive Plan and vests ratably on each of the first three anniversaries of the grant date.
AAON, INC. Chief Accounting Officer Rebecca Thompson reported an exercise-and-sale transaction in company stock. She exercised 21,914 shares of stock options at $29.48 per share and sold the same 21,914 shares of common stock in open-market trades at a weighted-average price of $100.21 per share.
After these transactions, she directly holds 27,681 shares of AAON common stock, plus 4,230 shares held indirectly through a 401(k) Plan. She also retains multiple stock option awards, including options on 91,500 shares at an exercise price of $27.58 expiring in 2030 and additional grants at higher exercise prices with expirations through 2036.
AAON, INC. Chief Accounting Officer Rebecca Thompson reported an exercise-and-sale transaction in company stock. On April 23, 2026, she exercised options to acquire 7,292 shares of common stock at $29.48 per share and sold 7,292 shares in an open-market transaction at a weighted average price of $100.10, with individual trade prices ranging from $100.00 to $100.25.
Following these transactions, Thompson holds 27,681 shares of AAON common stock directly and 4,230 shares indirectly through a 401(k) plan. She also retains multiple stock option positions, including grants exercisable for 91,500 underlying shares of common stock at an exercise price of $27.58 per share expiring in 2029.
AAON, INC. Chief Accounting Officer Rebecca Thompson reported an amended insider transaction. On April 21, 2026, she sold 2,287 shares of common stock in an open-market trade at a weighted average price of $100.11 per share, with individual trades between $100.00 and $100.22.
On the same date, she exercised stock options to acquire 2,287 shares of common stock at $29.48 per share. Following these transactions, she holds 27,681 AAON common shares directly and 4,230 shares indirectly through a 401(k) Plan. She also retains several stock option grants, including options on 9,672 shares at an exercise price of $29.48 and additional grants with exercise prices ranging from $27.58 to $91.51 expiring between 2029 and 2036.
AAON, INC. Chief Accounting Officer Rebecca Thompson reported a small set of routine equity transactions. On April 27, 2026, she exercised stock options to acquire 400 shares of common stock at $29.48 per share and then sold 400 shares in an open-market sale at a weighted average price of $100.27 per share. After these transactions, she directly owns 27,681 shares of AAON common stock and indirectly holds 4,230 shares through a 401(k) Plan. She also retains multiple stock option awards, including options over 91,500 shares of common stock at an exercise price of $27.58 per share expiring in 2030.
AAON, INC. General Counsel and Secretary Luke A. Bomer filed an amended Form 3 updating his equity holdings. He reports direct ownership of 747 shares of common stock and a stock option covering 1,911 shares of common stock at an exercise price of $83.65 per share.
The stock option was granted under AAON's 2024 Long Term Incentive Plan and vests ratably on each of the first three anniversaries of the grant date, with an expiration date of April 1, 2036. The amendment corrects stock awards previously reported on an earlier Form 3 due to clerical errors.
AAON submitted a Form 144 notice reporting offers to sell 400 shares of common stock under an option granted on 03/11/2020, with reported cash sales by Rebecca Thompson of 2,287 shares ($228,945.40), 7,292 shares ($729,951.08), and 21,914 shares ($2,196,089.60) on April 21–24, 2026.
AAON, INC. Chief Accounting Officer Rebecca Thompson exercised stock options and sold shares on the same day. She exercised 21,914 shares of common stock at $29.48 per share and sold 21,914 shares in an open-market transaction at a weighted average price of $100.21 per share.
After these transactions, she directly held 27,681 shares of common stock and indirectly held 4,230 shares through a 401(k) plan. She also retained multiple stock option grants, including 91,500 options at an exercise price of $27.58 expiring in 2030 and several higher-priced grants expiring between 2031 and 2036.