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.

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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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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.

AAON Announces Increase in Cash Dividend and Charitable Donation in Recognition of Founder Norman H. Asbjornson

AAON, Inc. (AAON) CEO Norman Asbjornson on Q1 2020 Results - Earnings Call Transcript

Norman H. Asbjornson to become Executive Chairman

AAON Announces Executive Leadership Transitions

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TULSA, Okla., April  03, 2020  (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ-AAON) is proud to announce that today the first truckload of AAON HVAC equipment shipped out for the Stony Brook Temporary Hospital under construction in Stony Brook, NY. As an essential manufacturer of HVAC systems, AAON is doing all we can for our customers that have AAON equipment on critical infrastructure and those customers that need new equipment or parts for critical infrastructure.

AAON Manufacturing HVAC Equipment for Temporary Hospitals and Critical Infrastructure

TULSA, Okla., April  03, 2020  (GLOBE NEWSWIRE) -- Today, Mikel D. Crews notified AAON, Inc. (the "Company") of his intent to retire as Vice President, Operations, effective May 8, 2020. Mr. Crews has been with the Company since its inception and had a large role in developing the talent to succeed him. In furtherance of the Company’s ongoing succession planning initiatives, Mr. Crews’ duties will be reallocated to Stephen Wakefield, Vice President of Engineering, as well as other Company personnel.

AAON Announces Promotions and Retirement of Mikel Crews, Vice President, Operations

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Air Conditioner & Heating Stocks Strong Despite Coronavirus

TULSA, Okla., March  17, 2020  (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ-AAON) today announced that its Board of Directors elected Gene Stewart as Vice President of AAON, Inc. (the “Company”), to be effective April 1, 2020.  In addition, the Board of Directors of the Company’s wholly-owned subsidiary, AAON Coil Products, Inc. (“AAON Coil Products”), has elected Mr. Stewart as President of AAON Coil Products, also to be effective April 1, 2020.

AAON Announces Executive Leadership Appointment

TULSA, Okla., March  13, 2020  (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ-AAON), today announced that its Board of Directors has authorized the Company to make up to $20 million in purchases of the Company’s common stock at prevailing market prices from time to time through open market purchases, privately negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended.

AAON Authorizes $20 Million for Stock Buyback Program

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AAON Enters Oversold Territory

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Aaon (AAON) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Aaon (AAON) Upgraded to Strong Buy: Here's What You Should Know

AAON's (AAON) CEO Norman Asbjornson on Q4 2019 Results - Earnings Call Transcript

TULSA, Okla., Feb.  27, 2020  (GLOBE NEWSWIRE) -- AAON, INC. (NASDAQ-AAON), today announced its results for the fourth quarter and full year 2019.

AAON Reports Sales and Earnings for the Fourth Quarter and Year 2019

TULSA, Okla., Dec.  23, 2019  (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ:  AAON ) a leading manufacturer of heating and cooling products, announced that it has been recognized by 2020 Women on Boards as an Oklahoma “W” Company for having 20% or more company board seats held by women. AAON’s 8-member board of directors includes 2 women, or 25%.

AAON Named an Oklahoma “W” Company

TULSA, Okla., Dec.  19, 2019  (GLOBE NEWSWIRE) -- AAON, Inc. announced Stephanie Cameron, Community Relations Administrator at AAON has been appointed by Oklahoma Governor Kevin Stitt to the Governor’s Council for Workforce and Economic Development.

Stephanie Cameron Appointed to Governor’s Council for Workforce and Economic Development

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TULSA, Okla., Dec.  16, 2019  (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ:  AAON ) a leading manufacturer of heating and cooling products, announced that it achieved Gold level in the 2019 Sustainable Tulsa Scor3card verification program. The company reported on cornerstone directives in the areas of Energy, Healthy Work Environment, Materials Management, Transportation, Water, Community Stewardship and Communications. AAON has focused on energy conservation and waste reduction. One example of the company’s sustainability efforts is the transition to nearly 90% LED lighting at its 1.5 million square foot manufacturing facility in Tulsa, with a goal of 100% LED lighting in 2020. The LED upgrade combined with an advanced lighting control system saves the company over $400,000 a year in electricity. AAON is also upgrading HVAC equipment throughout its facilities, highlighting the newest high efficiency and energy saving AAON systems available today.

AAON Achieves Gold in Sustainable Tulsa Scor3card Program

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TULSA, Okla., Dec.  05, 2019  (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ:  AAON ) a leading manufacturer of heating and cooling products, announced that it has been named one of Oklahoma Magazine’s Great Companies to Work For. Companies are selected by Oklahoma Magazine utilizing a variety of resources, including an online application process, a survey of the state’s largest private-sector employers and commercial and public-sector studies and surveys.

News for AAON Stock (AAON)