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.
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AAON announced its shift to the environmentally friendly refrigerant R-454B across its HVAC product line, ahead of the 2025 EPA mandate. With a Global Warming Potential (GWP) of 466, R-454B reduces environmental impact by 78% compared to R-410A. AAON began accepting orders in January 2024 and is now shipping products with R-454B. Despite this upgrade, AAON maintains current pricing for its customers and assures normal lead times. The new refrigerant aligns with AAON’s commitment to sustainability and positions the company ahead of industry regulations and competitors.
AAON, Inc. releases its Sustainability Report for 2023, focusing on enhancing overall sustainability practices and achieving long-term environmental goals. The report highlights investments in operational efficiency, innovation in HVAC solutions, industry collaboration, and community sustainability efforts. Key achievements include the development of energy-efficient HVAC equipment, adoption of low-emission refrigerants, progress towards reducing GHG emissions, and commitment to diversity and inclusion.
AAON, INC. (NASDAQ-AAON) reported its first quarter results for 2024, showcasing a 1.4% decrease in net sales to $262.1 million, driven by declines in specific segments. Gross profit margin expanded to 35.2%, with EPS at $0.46, benefiting from a tax benefit. Despite a slow start, the company foresees improvements in bookings and backlogs, aiming for stronger results throughout the year.