AAON, Inc.

AAON Announces Quarterly Cash Dividend

AAON's Board of Directors declared a regular quarterly cash dividend of $0.10 per share, which equates to an annual rate of $0.40. The dividend is payable on September 25, 2026, to stockholders of record as of the close of business on September 4, 2026.

•2mo ago

AAON: 10-Q · periodic report

AAON's Q2 2026 net sales more than doubled to $627.0 million, up 101.2% year over year, while net income surged to $56.7 million ($0.68 diluted EPS) from $15.5 million ($0.19) a year earlier, with SG&A leverage improving to 13.3% of sales from 19.0%. Growth is being driven by the BASX brand's data center liquid cooling business amid AI-driven demand: consolidated backlog reached $1,970.8 million at June 30, 2026, up 98.0% year over year, with BASX-branded backlog up 185.4% and AAON-branded sales also up 39.3% in the quarter. Offsets to watch include gross margin compression to 24.3% from 26.6% on Memphis plant ramp overhead and higher copper costs, a jump in warranty expense to $11.0 million from $3.6 million on increased claims, and revolver borrowings rising to $435.0 million against $600.0 million of capacity, leaving $163.7 million available at a 1.46 leverage ratio.

SEC 10-Q•2mo ago

AAON Reports Record Second Quarter 2026 Results Driven by Strong Demand, Accelerating Throughput, and Improved Operating Execution

AAON delivered record Q2 results with net sales surging 101% year-over-year to $627 million and operating income jumping 192% to $68.9 million. Driven by strong backlog conversion and accelerating throughput, diluted EPS soared 258% to $0.68, leading management to raise full-year sales growth guidance to 55%-60%. Total backlog remains robust at $2.0 billion, nearly double the prior year, supported by significant data center investment activity for the BASX brand.

•2mo ago

AAON Increases Board Size and Appoints Robert L. Buttermore III, and Patrick J. Jermain as Independent Directors

AAON appointed Robert L. Buttermore III and Patrick J. Jermain as independent directors to its Board, effective July 28, 2026, increasing the size of the Board. Mr. Buttermore, a supply chain executive at Rockwell Automation, will join the Compensation Committee, while Mr. Jermain, a retired CFO from Plexus Corporation, will join the Audit Committee. The appointments are part of a succession and refreshment process aimed at aligning director expertise with the company's strategy in commercial HVAC and mission-critical cooling markets.

•2mo ago

AAON: 8-K · other

AAON, Inc. (AAON) disclosed strong forward-looking guidance for 2026 during the William Blair Growth Stock Conference, projecting sales growth of 40% to 45% and gross margins of 27% to 28%. This outlook is supported by a record order backlog of $2.13 billion as of the first quarter of 2026, driven largely by accelerating demand in the data center sector through its BASX brand. The company reported trailing twelve-month net sales of $1.62 billion and adjusted EBITDA of $252.6 million as of March 31, 2026. Management highlighted that the BASX brand backlog grew 160% year-over-year to $1.62 billion, reflecting a strategic shift toward high-growth data center infrastructure and liquid cooling solutions. AAON emphasized its competitive advantage in semi-custom engineering and automation, noting that its Alpha Class heat pumps are gaining market share as customers seek electrification and decarbonization. The company also noted significant capacity expansions, having added over 1 million square feet of manufacturing capacity since 2024 to support this growth.

SEC 8-K•4mo ago

AAON Reports First Quarter 2026 Results with Record Sales and Backlog, Robust Earnings Growth, and Raises Full-Year Guidance

AAON delivered record Q1 sales of $496.9 million, up 54.3% year-over-year, with diluted EPS rising 37.1% to $0.48. Total backlog increased 107.4% to a record $2.13 billion, driven by exceptional demand for data center cooling solutions. The company raised full-year 2026 guidance, projecting revenue growth of 40-45% and gross margins of 27-28%.

•5mo ago