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.
AAON Inc. (AAON) is a leading innovator in commercial HVAC systems and industrial refrigeration solutions, serving construction and replacement markets with energy-efficient, customizable equipment. This page aggregates official press releases and verified news updates, providing stakeholders with a centralized resource for tracking the company's latest developments.
Investors and industry professionals will find timely updates on earnings reports, product innovations, and strategic expansions, including advancements in data center cooling through the BASX brand. The curated content highlights AAON's commitment to sustainability through low-emission refrigerants and energy-saving technologies.
Our collection includes announcements about manufacturing capacity increases, new heat pump technologies, and industry certifications, ensuring comprehensive coverage of operational milestones. Bookmark this page for direct access to primary source materials that support informed analysis of AAON's market position and growth trajectory.
AAON (NASDAQ: AAON) has unveiled significant advancements to its Alpha Class commercial air-source heat pumps, introducing three performance tiers: ECO, PRO, and EXTREME Series. The development stems from AAON's partnership with Copeland, utilizing their variable-speed compressors and refrigerant injection technology.
The flagship EXTREME Series achieves unprecedented performance, operating at minus 20 degrees Fahrenheit while maintaining 100% heating capacity at five degrees. The PRO Series operates down to zero degrees with variable speed compressors, while the ECO Series features 2-step or digital compressors for cost-effective performance.
This innovation supports the U.S. Department of Energy's Better Buildings Commercial Building Heat Pump Accelerator challenge, advancing industry electrification and decarbonization efforts. The development leverages AAON's three-decade partnership with Copeland, focusing on pushing HVAC technology boundaries.
AAON (NASDAQ: AAON), a leading provider of high-performing, energy-efficient HVAC solutions, has announced its upcoming first quarter 2025 financial results conference call and webcast. The event is scheduled for Thursday, May 1, 2025, at 9:00 a.m. EDT.
The company will release its Q1 2025 financial results earlier that morning. Participants can join via dial-in at 1-800-836-8184 to participate in Q&A, or access the listen-only webcast through registration. A replay will be available on AAON's investor relations website the following business day.
AAON (NASDAQ: AAON), a premium HVAC solutions provider, has announced an upcoming Investor Day Event scheduled for June 10, 2025, at NASDAQ MarketSite in New York. The event will feature presentations from 9 AM to 12 PM EDT, led by CEO-designate Matt Tobolski and CFO Rebecca Thompson.
The presentation will cover comprehensive topics including:
- Company and industry overview
- Disruptive market trends (decarbonization and government regulations)
- Growth strategies and data center opportunities
- Capital deployment and capacity expansion plans
- Management's long-term outlook
Investors can attend in person or access a live webcast through the registration link. The event will include a Q&A session with AAON's management team.
AAON (NASDAQ: AAON) has announced its participation in the upcoming Sidoti Spring 2025 Small-Cap Conference. The company's executive team, including CEO Gary Fields, CFO Rebecca Thompson, President and COO Matt Tobolski, and Director of Investor Relations Joseph Mondillo, will deliver a virtual presentation on March 20, 2025, at 11:30 AM ET. Interested parties can access the presentation materials through AAON's website investor section.
AAON (NASDAQ: AAON) has announced a 25% increase in its quarterly cash dividend. The company's Board of Directors has declared a new quarterly dividend of $0.10 per share, equivalent to $0.40 annually.
The dividend will be paid on March 28, 2025, to stockholders of record at the close of business on March 18, 2025.
AAON (NASDAQ: AAON) has announced that its Board of Directors has approved a $30.0 million share repurchase authorization as part of its previously disclosed $100 million share repurchase program. The company will execute these repurchases through pre-arranged stock repurchase plans following Rule 10b-18 of the Securities Exchange Act of 1934.
The actual implementation details, including timing, number of shares, and value of repurchases, will be determined based on various market factors such as share price, trading volume, and market conditions.
AAON reported Q4 2024 results with net sales decreasing 2.9% to $297.7 million. The quarter saw mixed performance across segments, with AAON Oklahoma sales declining 16.1% while AAON Coil Products segment grew 129.9%, driven by BASX data center cooling solutions.
Q4 gross profit decreased 30.5% to $77.6 million (26.1% of sales), with earnings per diluted share falling 46.4% to $0.30. The company's total backlog finished 2024 up 70.0% year-over-year, with BASX-branded equipment backlog increasing over 100%.
Key developments include completion of a 245,000 sq ft facility expansion in Longview, Texas, purchase of a 787,000 sq ft building in Memphis, and approval of a new $100.0 million share repurchase program. The company ended 2024 with $6.5 million in cash and $154.9 million in total debt.
AAON (NASDAQ: AAON) has announced that Matt J. Tobolski, PhD, will become the new Chief Executive Officer effective May 13, 2025, succeeding Gary Fields. Dr. Tobolski, currently serving as president and COO, will transition from his role as the former president of BASX Solutions, a company he co-founded in 2013 and was acquired by AAON in December 2021.
Fields will remain on the Board of Directors and serve as a special advisor to ensure a smooth transition. The appointment comes as AAON continues to strengthen its market position through investments in data center cooling production capacity. Dr. Tobolski brings extensive leadership experience and understanding of HVAC systems, particularly in data center thermal management.
The transition period will span three months, during which Fields and Tobolski will work together to position AAON for long-term growth and success.
AAON, a leading provider of high-performing, energy-efficient HVAC solutions, has announced its upcoming fourth quarter and full year 2024 financial results conference call and webcast. The event is scheduled for Thursday, February 27, 2025, at 9:00 a.m. EST.
The company will release its financial results earlier that morning. Participants can join via dial-in at 1-800-836-8184 to participate in Q&A, or access a listen-only webcast through registration. A replay of the call will be available on AAON's investor relations website the following business day.
AAON announces executive leadership restructuring effective January 1, 2025, focusing on its two main brands: AAON and BASX products. Stephen Wakefield is appointed Executive VP & General Manager of AAON products, while Matt Shaub takes the same role for BASX products. The reorganization aims to support strategic growth, streamline processes, and capitalize on market demands, particularly with the expansion including the new Memphis facility. Additional alignments include Larry Honel leading global manufacturing, Whitney Wakefield heading manufacturing support, and Andrew Edmondson continuing to lead sales and marketing teams.
