AAON

AAON, Inc. engages in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment. It operates through the following segments: Units, Parts-External, Parts-Internal, and Other. Its products include air handling units, self contained units, packaged rooftop units, geothermal heat units, controls, and coils. The company was founded by Norman H. Asbjornson on August 18, 1987 and is headquartered in Tulsa, OK.

Earnings data Q1 2021

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Earnings data Q1 2022

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AAON achieves record Q4 results, anticipates growth amid production challenges

AAON's Q4 2022 marked record sales and earnings, transitioning to a mainstream player in the industry.
Strong financial performance, robust demand, and strategic investments position AAON for continued growth in 2023.
Challenges in production ramp-up necessitate capacity expansion, while pricing strategies offer upside potential.
Investor Day in May and conference attendance signal proactive engagement with stakeholders and market opportunities.

AAON achieves record sales in Q1 2023 amid supply chain challenges

AAON's Q1 2023 performance reflects strong sales growth, operational efficiency, and strategic pricing initiatives.
While facing supply chain challenges, the company remains optimistic about sequential improvements and long-term resolutions.
Investors should monitor AAON's ability to navigate supply chain disruptions and capitalize on sales growth opportunities.

AAON achieves record sales, introduces new products, and focuses on margin management

AAON's Q2 2023 earnings call highlights robust financial performance, strategic investments in innovation, and proactive margin management strategies. The company's focus on sustainable growth, operational efficiency, and maintaining client value positions it well for continued success amidst market challenges and opportunities.

AAON reports robust Q3 earnings, anticipates growth despite challenges

AAON's Q3 performance reflects strength in sales, earnings, and operational efficiency, with a focus on market share expansion and strategic leadership changes. While challenges exist in backlog decline and lower Q4 expectations, opportunities for growth through volume-driven revenue and market improvements are on the horizon.

AAON achieves record sales in 2023, poised for sustained growth

AAON's exceptional financial performance in 2023 underscores its market strength and operational efficiency.
Strategic investments, commitment to quality, and market expansion efforts position the company for sustained growth.
While facing challenges in market segments and operational changes, AAON's focus on opportunities signals a promising outlook for future success.

AAON reports mixed Q1 performance, eyes data center growth

AAON Inc. navigated a challenging Q1 with mixed performance but remains optimistic about long-term prospects. Despite facing production and timing challenges, the company sees growth opportunities in data center solutions and traditional markets. Strategic focus on addressing challenges and seizing opportunities is crucial for sustained success.

AAON reports solid Q3 results, eyes data center growth

AAON's Q3 performance reflects resilience and growth potential, driven by strong data center demand and strategic investments.
While facing challenges in the HVAC sector, the company's focus on long-term sustainability and efficiency bodes well for future success.
Opportunities in the data center market and efficient cash flow management position AAON favorably for future growth and profitability.
Strategic capacity expansions and a robust backlog underscore AAON's ability to navigate challenges and capitalize on emerging opportunities.

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TULSA, Okla., May 06, 2021 (GLOBE NEWSWIRE) -- AAON, INC. (NASDAQ-AAON), today announced its results for the first quarter of 2021.

AAON Reports Earnings & Backlog For The First Quarter Of 2021

TULSA, Okla., April 30, 2021 (GLOBE NEWSWIRE) -- Today, Scott M. Asbjornson, Vice President, Finance and Chief Financial Officer (CFO), notified AAON, Inc. (the "Company") of his decision to retire from the Company to pursue other interests, effective immediately. Concurrently, the Company's Board of Directors has appointed Rebecca A. Thompson as Vice President, Finance and Chief Financial Officer, effective immediately.

AAON Announces Retirement of CFO, Scott Asbjornson and Promotion of Rebecca Thompson

I previously opined that I liked the AAON business, but not the share price.

AAON: Share Price Defying Gravity - Time To Don Parachutes

TULSA, Okla., March 09, 2021 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON) today announced a price increase of 4% on all AAON HVAC equipment. This price increase is a direct result of increased raw material and component costs, including stainless steel, galvanized steel and copper, which are up 30 to 50% compared to last year. The price increase is effective June 1st, 2021.

AAON Announces Price Increase

AAON, Inc. (AAON) CEO Gary Fields on Q4 2020 Results - Earnings Call Transcript

TULSA, Okla., Feb. 25, 2021 (GLOBE NEWSWIRE) -- AAON, INC. (NASDAQ-AAON), today announced its results for the fourth quarter of 2020.

AAON Reports Record Sales and Earnings For 2020

TULSA, Okla., Feb. 18, 2021 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON). A question and answer session will follow a brief presentation by management. The entire call should last about 45 minutes.

AAON, Inc. Fourth Quarter and Full Year 2020 Sales and Earnings Review Conference Call

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TULSA, Okla., Dec. 03, 2020 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON), a leading manufacturer of heating and cooling products, announced that its RN Series Rooftop Unit with Variable Speed Compressors has been voted by the readers of Consulting-Specifying Engineer the 2020 Most Valuable Product - the top Product of the Year award receiving the most overall votes. The AAON LF Chiller Controller has also been voted 2020 Product of the Year - Gold in the BAS, Controls, Energy Management category.

AAON Voted “Most Valuable Product” and “Product of the Year” by Consulting-Specifying Engineer Magazine

With the AAON share price at $53.66, I published here on Seeking Alpha on June 24, 2020, "AAON Inc. - Like The Business, Not The Share Price." With the share price currently around $66, I decided to take another look to see if anything new has happened that could change my mind.

AAON Inc.: Time To Take Profits

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TULSA, Okla., Nov. 20, 2020 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON), a leading manufacturer of heating and cooling products, announced that it has been named a 2020 Top Inclusive Workplace by Mosaic and the Tulsa Regional Chamber. Mosaic is the Tulsa Regional Chamber-led coalition of companies and nonprofit partners that celebrate diversity, champion equity and cultivate inclusion within the region's business community. In order to qualify as a Top Inclusive Workplace, a company or organization must complete the Mosaic Index and report in the areas of CEO commitment, diverse suppliers, diverse people, internal policy and community outreach.

AAON Named a Mosaic Top Inclusive Workplace

TULSA, Okla., Nov. 19, 2020 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON), a leading manufacturer of heating and cooling products, announced that it received the 2020 Henry Bellmon Award in the Large Business category, from Sustainable Tulsa. The Bellmon nominees were selected from the top-ranking Scor3card® verified organizations during the 2019-2020 year. Winners were then chosen from the nomination list by the Henry Bellmon family and members of the Henry Bellmon Judges Panel based on the number of verified items and quality of answers within the Scor3card sustainability assessment and a tracking tool. AAON achieved Platinum level, the highest attainment level, in the 2020 Sustainable Tulsa Scor3card verification program.

AAON Receives Sustainable Tulsa's Bellmon Award

TULSA, Okla., Nov. 09, 2020 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ – AAON), a leading manufacturer of heating and cooling products, today announced Mr. Jerry Levine recently notified the Company of his intent to retire and no longer provide investor relations consulting services for the Company, effective November 30, 2020. Mr. Levine has provided investor relations services for the Company for over twenty years and also served on the Company's Board of Directors from 2008 to 2017.

AAON Announces Retirement of Investor Relations Consultant Jerry Levine and Hiring of Joseph Mondillo as Director of Investor Relations

AAON, Inc. (AAON) CEO Gary Fields on Q3 2020 Results - Earnings Call Transcript

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TULSA, Okla., Sept.  21, 2020  (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON) today announced that Gary Fields, President and CEO and Scott Asbjornson, Vice President and CFO will present at this week’s DA Davidson and Sidoti Virtual Conferences.

AAON, Inc. Presenting at DA Davidson and Sidoti Virtual Conferences

TULSA, Okla., Sept.  03, 2020  (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ:  AAON ), a leading manufacturer of heating and cooling products, announced that it achieved Platinum level in the 2020 Sustainable Tulsa Scor3card verification program. This follows up the company’s achievements of Gold in 2019 and Bronze in 2018 and 2017. Platinum level requires completing more than 85 percent of eligible directives. The company reported on all cornerstone directives, in the areas of Energy, Healthy Work Environment, Materials Management, Transportation, Water, Community Stewardship and Communications.

AAON Achieves Platinum in Sustainable Tulsa Scor3card Program

AAON, Inc. (AAON) CEO Gary Fields on Q2 2020 Results - Earnings Call Transcript

TULSA, Okla., July  30, 2020  (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON). A question and answer session will follow a brief presentation by management. The entire call should last about 45 minutes.

AAON, Inc. Second Quarter 2020 Sales and Earnings Review Conference Call

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Air Conditioner & Heating Industry Outlook Appears Bright

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The air conditioning company is receiving a boost from COVID-19 circumstances and improving its operational efficiency at the same time.

Why Shares of AAON Soared in May

TULSA, Okla., May  15, 2020  (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ-AAON), today announced that its Board of Directors has declared a $0.03 increase in the Company’s regular semi-annual cash dividend, to $0.19 per share or $0.38 annually (an 18.75% increase from the previous $0.16 per share or $0.32 annually).  The next cash dividend will be payable on July 1, 2020, to stockholders of record as of the close of business on June 3, 2020.

News for AAON Stock (AAON)