STOCK TITAN

AAON REPORTS RECORD SALES & EARNINGS FOR THE THIRD QUARTER OF 2024

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

AAON reported record Q3 2024 net sales of $327.3 million, up 4.9% year-over-year. Growth was driven by BASX and AAON Coil Products segments, increasing 58.8% and 36.7% respectively, while AAON Oklahoma segment declined 7.1%. Gross profit margin decreased to 34.9% from 37.2% in Q3 2023. Earnings per diluted share were $0.63, flat compared to adjusted earnings in Q3 2023. Backlog stood at $647.7 million, up 32.0% year-over-year, primarily consisting of data center equipment orders for 2025 delivery. The company received additional orders worth $174.5 million in October for data center cooling solutions.

AAON ha registrato vendite nette record nel terzo trimestre del 2024 pari a 327,3 milioni di dollari, con un incremento del 4,9% rispetto all'anno precedente. La crescita è stata trainata dai segmenti BASX e AAON Coil Products, che sono aumentati rispettivamente del 58,8% e del 36,7%, mentre il segmento AAON Oklahoma ha registrato un calo del 7,1%. Il margine di profitto lordo è sceso al 34,9% rispetto al 37,2% del terzo trimestre del 2023. Gli utili per azione diluiti sono stati di 0,63 dollari, stabili rispetto agli utili rettificati del terzo trimestre del 2023. L'ordine accumulato ammontava a 647,7 milioni di dollari, con un aumento del 32,0% rispetto all'anno precedente, composto principalmente da ordini di attrezzature per centri dati per la consegna nel 2025. L'azienda ha ricevuto ulteriori ordini per un valore di 174,5 milioni di dollari in ottobre per soluzioni di raffreddamento per centri dati.

AAON reportó ventas netas récord en el tercer trimestre de 2024 por $327.3 millones, un incremento del 4.9% interanual. El crecimiento fue impulsado por los segmentos BASX y AAON Coil Products, que aumentaron un 58.8% y un 36.7% respectivamente, mientras que el segmento de AAON Oklahoma disminuyó un 7.1%. El margen de ganancia bruta bajó al 34.9% desde el 37.2% en el tercer trimestre de 2023. Las ganancias por acción diluida fueron de $0.63, estables en comparación con las ganancias ajustadas en el tercer trimestre de 2023. La cartera de pedidos se situó en $647.7 millones, un aumento del 32.0% interanual, compuesta principalmente por pedidos de equipos para centros de datos para entrega en 2025. La empresa recibió pedidos adicionales por $174.5 millones en octubre para soluciones de refrigeración de centros de datos.

AAON은 2024년 3분기 기록적인 순매출 3억 2,730만 달러를 보고했으며, 이는 전년 대비 4.9% 증가한 수치입니다. 성장은 BASXAAON Coil Products 부문에 의해 주도되었으며, 각각 58.8%와 36.7% 증가했습니다. 반면 AAON 오클라호마 부문은 7.1% 감소했습니다. 총 매출 총 이익률은 37.2%에서 34.9%로 감소했습니다. 희석 주당 순이익은 $0.63으로, 2023년 3분기 조정된 수익과 비교했을 때 변동이 없습니다. 백로그는 6억 4,770만 달러였으며, 전년 대비 32.0% 증가하여 주로 2025년 배송을 위한 데이터 센터 장비 주문으로 구성되었습니다. 회사는 10월에 데이터 센터 냉각 솔루션을 위한 1억 7,450만 달러 규모의 추가 주문을 받았습니다.

AAON a annoncé des ventes nettes record au troisième trimestre 2024 de 327,3 millions de dollars, en hausse de 4,9 % par rapport à l’année précédente. La croissance a été impulsée par les segments BASX et AAON Coil Products, qui ont augmenté de 58,8 % et 36,7 % respectivement, tandis que le segment d’AAON Oklahoma a diminué de 7,1 %. La marge bénéficiaire brute a diminué à 34,9 %, contre 37,2 % au troisième trimestre 2023. Le bénéfice par action diluée était de 0,63 dollar, stable par rapport aux bénéfices ajustés du troisième trimestre 2023. Le carnet de commandes s’élevait à 647,7 millions de dollars, en hausse de 32,0 % par rapport à l’année précédente, composé principalement de commandes d’équipements pour centres de données pour une livraison en 2025. L'entreprise a reçu des commandes supplémentaires d'une valeur de 174,5 millions de dollars en octobre pour des solutions de refroidissement pour centres de données.

AAON meldete für das dritte Quartal 2024 einen Rekordumsatz von 327,3 Millionen Dollar, was einem Anstieg von 4,9 % im Jahresvergleich entspricht. Das Wachstum wurde durch die Segmente BASX und AAON Coil Products vorangetrieben, die um 58,8 % bzw. 36,7 % zunahmen, während das Segment AAON Oklahoma um 7,1 % zurückging. Die Bruttogewinnmarge fiel auf 34,9 % von 37,2 % im dritten Quartal 2023. Der Gewinn pro verwässerter Aktie betrug 0,63 Dollar, gleichbleibend im Vergleich zu den bereinigten Erträgen im dritten Quartal 2023. Der Auftragsbestand belief sich auf 647,7 Millionen Dollar, was einem Anstieg von 32,0 % im Jahresvergleich entspricht, und bestand hauptsächlich aus Bestellungen für Datenzentrumsausrüstung zur Lieferung im Jahr 2025. Das Unternehmen erhielt im Oktober zusätzliche Bestellungen im Wert von 174,5 Millionen Dollar für Kühllösungen für Datenzentren.

Positive
  • Record quarterly net sales of $327.3M (+4.9% YoY)
  • Strong segment growth: BASX +58.8%, AAON Coil Products +36.7%
  • Backlog increased 32.0% YoY to $647.7M
  • New orders worth $174.5M received in October 2024
  • Net income increased 9.5% to $52.6M
Negative
  • Gross profit margin declined to 34.9% from 37.2% YoY
  • AAON Oklahoma segment sales declined 7.1%
  • Operating margin decreased to 20.0% from 20.7%
  • Revolving credit facility balance of $55.7M

Insights

AAON delivered a solid Q3 2024 with record sales of $327.3M, up 4.9% YoY, though margins faced some pressure. The standout performers were BASX and AAON Coil Products segments, growing 58.8% and 36.8% respectively, driven by strong data center demand. The $174.5M in new orders received in October for data center cooling solutions signals robust future growth. However, the core AAON Oklahoma segment saw a 7.1% decline and gross margins contracted to 34.9% from 37.2%. The healthy backlog of $647.7M and expansion initiatives, including the new Memphis facility, position the company well for accelerated growth, despite near-term headwinds in traditional rooftop units due to economic conditions.

The data center market is emerging as a key growth driver for AAON, evidenced by the significant backlog composition and recent $174.5M order. The company's strategic expansion through the new Memphis facility and BASX/ACP segment growth demonstrates strong positioning in this high-growth sector. The transition from R-410A to R-454B refrigerant could create temporary market dynamics, with current demand surge for traditional units potentially followed by a adjustment period. The 32% YoY backlog growth and strategic capacity investments suggest management's confidence in sustained long-term demand, particularly in the data center segment.

TULSA, Okla., Nov. 7, 2024 /PRNewswire/ -- AAON, INC. (NASDAQ: AAON), a leader in high-performing, energy-efficient HVAC solutions that bring long-term value to customers and owners, today announced its results for the third quarter of 2024.

Net sales for the third quarter of 2024 increased 4.9% to a record $327.3 million from $312.0 million in the third quarter of 2023. The year-over-year increase was largely driven by the BASX and AAON Coil Products segments, which realized growth of 58.8% and 36.7%, respectively.  Sales at the AAON Oklahoma segment declined year-over-year 7.1%

Gross profit margin in the quarter was 34.9%, down from 37.2% in the comparable quarter in 2023.  The contraction in gross margin was a result of lower volumes at the AAON Oklahoma segment and temporary inefficiencies at BASX, partially offset by strong results at the AAON Coil Products segment which benefited from a favorable product mix and an increase in volumes.  

SG&A expenses for the quarter ended September 30, 2024, continue to have elevated depreciation costs from the additional investments in technology we've made, offset by a decrease in professional fees due to the absence of the one-time $7.5 million settlement that occurred in the same period of 2023.  Earnings per diluted share for the three months ended September 30, 2024, were $0.63, approximately flat from the adjusted earnings per diluted share in the third quarter of 2023. 

Financial Highlights:

Three Months Ended 
 September 30,


%


Nine Months Ended 

 September 30,


%


2024


2023


Change


2024


2023


Change


(in thousands, except share and per share data)


(in thousands, except share and per share data)

GAAP Measures












Net sales

$    327,252


$    311,970


4.9 %


$    902,917


$    861,880


4.8 %

Gross profit

$    114,158


$    116,109


(1.7) %


$    319,494


$    287,281


11.2 %

Gross profit margin

34.9 %


37.2 %




35.4 %


33.3 %



Operating income

$      65,520


$      64,664


1.3 %


$    179,689


$    163,610


9.8 %

Operating margin

20.0 %


20.7 %




19.9 %


19.0 %



Net income

$      52,625


$      48,078


9.5 %


$    143,869


$    130,574


10.2 %

Earnings per diluted share

$           0.63


$           0.58


8.6 %


$           1.72


$           1.57


9.6 %

Diluted average shares

83,107,077


83,393,054


(0.3) %


83,579,989


83,275,208


0.4 %








Non-GAAP Measures












Non-GAAP adjusted net income1

$      52,625


$      53,188


(1.1) %


$    143,869


$    136,082


5.7 %

Non-GAAP adjusted earnings per diluted share1

$           0.63


$           0.64


(1.6) %


$           1.72


$           1.63


5.5 %

Adjusted EBITDA1

$      82,863


$      83,710


(1.0) %


$    225,207


$    204,169


10.3 %

Adjusted EBITDA margin1

25.3 %


26.8 %




24.9 %


23.7 %



1 This is a non-GAAP measure. See "Use of Non-GAAP Financial Measures" below for reconciliation to GAAP measure.

Backlog

September 30, 2024


June 30, 2024


September 30, 2023

(in thousands)

$                      647,694


$                      650,005


$                      490,591

At September 30, 2024, we had a backlog of $647.7 million, approximately flat with the backlog at the end of the second quarter.  Compared to a year ago, backlog was up 32.0% from $490.6 million, driven by the BASX and AAON Coil Products segments.  At the end of the quarter, a majority of total backlog consisted of orders of data center equipment that will be produced and delivered in 2025.

Gary Fields, CEO, stated, "The third quarter marked another quarter of strong results.  Net sales for the quarter were a Company record, driven by robust growth at the BASX and AAON Coil Products segments.  Demand at these two segments was largely spurred by the data center market as we continue to opportunistically leverage this high-growth market with our highly-engineered solutions-based product offerings.  At the AAON Oklahoma segment, sales and profitability were in line with our expectations.  Operationally, this segment continued to perform at a high level.  The BASX segment still has some room for margin improvement, which we expect will occur over the next six months as disruptions related to the capacity expansion project, including outsourcing of parts manufacturing, dissipates and its shop reaches optimal efficiency.  Overall, we were pleased with the third quarter results."

Mr. Fields continued, "Bookings in the third quarter performed well, partially fueled by an increase in demand of traditional packaged rooftop units configured with the soon-to-be outdated R-410A refrigerant.  While we also began realizing a pick-up in rooftop units configured with the new R-454B refrigerant, we anticipate a softening in overall rooftop demand in the near-term mainly due to the slower economic backdrop.  At the same time, demand for data center equipment remained strong, a trend we expect will continue."

Mr. Fields proceeded, "Subsequent to the end of the quarter, in October, we received approximately $174.5 million of orders that we expect will mostly be produced and shipped in the first half of 2025.  These orders are associated with a liquid cooling solution for one data center customer and will be produced at our Longview, Texas location.  This year, we have spoken at length about a large pipeline of opportunity in the data center space.  These orders represent a fraction of that pipeline.  The expansion project at the Texas location is on schedule to be complete by the end of this year with production to commence in early 2025.  In addition, we recently entered into a definitive agreement to purchase a new 787,000 square foot facility in Memphis, Tennessee, which will accommodate incremental demand from the data center market over the next several years, at the same time providing more geographic diversification across our manufacturing footprint."

Mr. Fields concluded, "At this point in time, AAON is positioned for growth to accelerate in a transformative way over the next 12 months.  As such, it is a very exciting time at the Company.  However, we are managing the Company in a way to achieve sustainable growth over a much longer period.  As demand for higher quality HVAC equipment and solutions increases, AAON is becoming increasingly more competitive.  Furthermore, the vast build-out of data center capacity in North America is a massive opportunity for the Company.  With our superior innovation and engineering, highly productive operations and world class sales channel, along with an enhanced group of leadership and enterprise resources, AAON is well positioned to take advantage of these opportunities and achieve our long-term growth and sustainability goals."        

As of September 30, 2024, the Company had cash, cash equivalents and restricted cash of $6.7 million and a balance on its revolving credit facility of $55.7 million.  Rebecca Thompson, CFO and Treasurer, commented, "During the quarter, we paid down $30.2 million on the revolving credit facility, reducing our leverage ratio to 0.19x.  Capital expenditures in the quarter totaled $38.4 million, bringing our year-to-date investments to $113.7 million.  Within the quarter we completed the expansion project at BASX, and we are on schedule to complete the expansion project at ACP by year-end.  Looking ahead, with a strong balance sheet and many compelling growth opportunities, we will continue to reinvest our operating cash flows into additional production capacity, product innovation and infrastructure to help sustain long-term growth." 

Conference Call
The Company will host a conference call and webcast today at 5:15 P.M. EDT to discuss the third quarter 2024 results and outlook. The conference call will be accessible via dial-in for those who wish to participate in Q&A as well as a listen-only webcast.  The dial-in is accessible at 1-800-836-8184.  To access the listen-only webcast, please register at https://app.webinar.net/3dOzZ17jPB6. On the next business day following the call, a replay of the call will be available on the Company's website at https://investors.aaon.com.

About AAON
Founded in 1988, AAON is a global leader in HVAC solutions for commercial and industrial indoor environments. The Company's industry-leading approach to designing and manufacturing highly configurable equipment to meet exact needs creates a premier ownership experience with greater efficiency, performance and long-term value. AAON is headquartered in Tulsa, Oklahoma, where its world-class innovation center and testing lab allows AAON engineers to continuously push boundaries and advance the industry. For more information, please visit www.AAON.com.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "should", "will", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligations to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Important factors that could cause results to differ materially from those in the forward-looking statements include (1) the timing and extent of changes in raw material and component prices, (2) the effects of fluctuations in the commercial/industrial new construction market, (3) the timing and extent of changes in interest rates, as well as other competitive factors during the year, and (4) general economic, market or business conditions.

Contact Information
Joseph Mondillo
Director of Investor Relations
Phone: (617) 877-6346
Email: joseph.mondillo@aaon.com

AAON, Inc. and Subsidiaries

Consolidated Statements of Income

(Unaudited)










Three Months Ended 
 September 30,


Nine Months Ended 
 September 30,


2024


2023


2024


2023


(in thousands, except share and per share data)

Net sales

$                 327,252


$                 311,970


$            902,917


$            861,880

Cost of sales

213,094


195,861


583,423


574,599

Gross profit

114,158


116,109


319,494


287,281

Selling, general and administrative expenses

48,637


51,470


139,820


123,684

Loss (gain) on disposal of assets

1


(25)


(15)


(13)

Income from operations

65,520


64,664


179,689


163,610

Interest expense, net

(1,091)


(1,266)


(1,697)


(3,959)

Other income, net

81


93


333


370

Income before taxes

64,510


63,491


178,325


160,021

Income tax provision

11,885


15,413


34,456


29,447

Net income

$                   52,625


$                   48,078


$            143,869


$            130,574

Earnings per share:








Basic

$                       0.65


$                       0.59


$                  1.77


$                  1.61

Diluted

$                       0.63


$                       0.58


$                  1.72


$                  1.57

Cash dividends declared per common share:

$                       0.08


$                       0.08


$                  0.24


$                  0.24

Weighted average shares outstanding:








Basic

81,089,476


81,418,800


81,448,413


81,140,473

Diluted

83,107,077


83,393,054


83,579,989


83,275,208

 

AAON, Inc. and Subsidiaries

Consolidated Balance Sheets

(Unaudited)


September 30, 2024


December 31, 2023

Assets

(in thousands, except share and per share data)

Current assets:




Cash and cash equivalents

$                             15


$                             287

Restricted cash

6,650


8,736

Accounts receivable, net

143,806


138,108

Income tax receivable

1,125


Inventories, net

177,731


213,532

Contract assets

95,120


45,194

Prepaid expenses and other

3,389


3,097

Total current assets

427,836


408,954





Property, plant and equipment, net

427,652


369,947

Intangible assets, net and goodwill

158,838


149,945

Right of use assets

15,505


11,774

Other long-term assets

794


816

Total assets

$                1,030,625


$                     941,436





Liabilities and Stockholders' Equity




Current liabilities:




Accounts payable

$                      27,199


$                        27,484

Accrued liabilities

96,243


85,508

Contract liabilities

16,391


13,757

Total current liabilities

139,833


126,749





Revolving credit facility, long-term

55,677


38,328

Deferred tax liabilities

1,658


12,134

Other long-term liabilities

20,527


16,807

New market tax credit obligation

16,074


12,194

Commitments and contingencies




Stockholders' equity:




Preferred stock, $.001 par value, 5,000,000 shares authorized, no shares issued


Common stock, $.004 par value, 200,000,000 shares authorized, 81,246,902 and
81,508,381 issued and outstanding at September 30, 2024 and December 31, 2023,
respectively

325


326

Additional paid-in capital

59,398


122,063

Retained earnings

737,133


612,835

Total stockholders' equity

796,856


735,224

Total liabilities and stockholders' equity

$                1,030,625


$                     941,436

 

AAON, Inc. and Subsidiaries

Consolidated Statements of Cash Flows

(Unaudited)


Nine Months Ended 
 September 30,


2024


2023

Operating Activities

(in thousands)

Net income

$                 143,869


$                 130,574

Adjustments to reconcile net income to net cash provided by operating activities:




Depreciation and amortization

45,185


33,439

Amortization of debt issuance costs

111


57

Amortization of right of use assets

133


166

Provision for (recoveries of) credit losses on accounts receivable, net of adjustments

815


(92)

Provision for excess and obsolete inventories, net of write-offs

1,848


2,979

Share-based compensation

12,814


12,102

Gain on disposition of assets

(15)


(13)

Foreign currency transaction loss

10


Interest income on note receivable

(14)


(15)

Deferred income taxes

(4,112)


(3,917)

Changes in assets and liabilities:




Accounts receivable

(6,513)


(32,040)

Income taxes

(2,295)


(12,472)

Inventories

33,953


(18,547)

Contract assets

(49,926)


(10,155)

Prepaid expenses and other long-term assets

(304)


(896)

Accounts payable

1,733


(15,631)

Contract liabilities

2,634


(1,848)

Extended warranties

1,249


2,049

Accrued liabilities and other long-term liabilities

10,512


21,405

Net cash provided by operating activities

191,687


107,145

Investing Activities




Capital expenditures

(99,371)


(82,900)

Proceeds from sale of property, plant and equipment

21


129

Software development expenditures

(14,436)


Principal payments from note receivable

38


39

Net cash used in investing activities

(113,748)


(82,732)

Financing Activities




Proceeds from financing obligation, net of issuance costs

4,186


6,061

Payment related to financing costs

(417)


(398)

Borrowings under revolving credit facility

410,503


444,072

Payments under revolving credit facility

(393,154)


(436,656)

Stock options exercised

25,645


25,251

Repurchase of stock

(100,034)


(25,009)

Employee taxes paid by withholding shares

(7,455)


(1,202)

Cash dividends paid to stockholders

(19,571)


(19,946)

Net cash used in financing activities

(80,297)


(7,827)

Net (decrease) increase in cash, cash equivalents and restricted cash

(2,358)


16,586

Cash, cash equivalents and restricted cash, beginning of period

9,023


5,949

Cash, cash equivalents and restricted cash, end of period

$                     6,665


$                   22,535

Use of Non-GAAP Financial Measures

To supplement the Company's consolidated financial statements presented in accordance with generally accepted accounting principles ("GAAP"), additional non-GAAP financial measures are provided and reconciled in the following tables. The Company believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results. The Company believes that this non-GAAP financial measure enhances the ability of investors to analyze the Company's business trends and operating performance as they are used by management to better understand operating performance. Since EBITDA and EBITDA margin are non-GAAP measures and are susceptible to varying calculations, EBITDA and EBITDA margin, as presented, may not be directly comparable with other similarly titled measures used by other companies.

Non-GAAP Adjusted Net Income

The Company defines non-GAAP adjusted net income as net income adjusted for any one-time events, such as litigation settlements, net of profit sharing and tax effect, in the periods presented.

The following table provides a reconciliation of net income (GAAP) to non-GAAP adjusted net income for the periods indicated:


Three Months Ended 
 September 30,


Nine Months Ended 
 September 30,


2024


2023


2024


2023


(in thousands)

Net income, a GAAP measure

$                   52,625


$                   48,078


$          143,869


$          130,574

Litigation settlement


7,500



7,500

Profit sharing effect


(750)



(750)

Tax effect


(1,640)



(1,242)

Non-GAAP adjusted net income

$                   52,625


$                   53,188


$          143,869


$          136,082

Non-GAAP adjusted earnings per diluted share

$                       0.63


$                       0.64


$                1.72


$                1.63

 

EBITDA

EBITDA (as defined below) is presented herein and reconciled from the GAAP measure of net income because of its wide acceptance by the investment community as a financial indicator of a company's ability to internally fund operations. The Company defines EBITDA as net income, plus (1) depreciation and amortization, (2) interest expense (income), net and (3) income tax expense. EBITDA is not a measure of net income or cash flows as determined by GAAP. EBITDA margin is defined as EBITDA as a percentage of net sales.

The Company's EBITDA measure provides additional information which may be used to better understand the Company's operations. EBITDA is one of several metrics that the Company uses as a supplemental financial measurement in the evaluation of its business and should not be considered as an alternative to, or more meaningful than, net income, as an indicator of operating performance. Certain items excluded from EBITDA are significant components in understanding and assessing a company's financial performance. EBITDA, as used by the Company, may not be comparable to similarly titled measures reported by other companies. The Company believes that EBITDA is a widely followed measure of operating performance and is one of many metrics used by the Company's management team and by other users of the Company's consolidated financial statements.

Adjusted EBITDA is calculated as EBITDA adjusted by items in non-GAAP adjusted net income, above, except for taxes, as taxes are already excluded from EBITDA.

The following table provides a reconciliation of net income (GAAP) to EBITDA (non-GAAP) and Adjusted EBITDA (non-GAAP) for the periods indicated:


Three Months Ended 
 September 30,


Nine Months Ended 
 September 30,


2024


2023


2024


2023


(in thousands)

Net income, a GAAP measure

$               52,625


$               48,078


$       143,869


$       130,574

Depreciation and amortization

17,262


12,203


45,185


33,439

Interest expense, net

1,091


1,266


1,697


3,959

Income tax expense

11,885


15,413


34,456


29,447

EBITDA, a non-GAAP measure

$               82,863


$               76,960


$       225,207


$       197,419

Litigation settlement


7,500



7,500

Profit sharing effect1


(750)



(750)

Adjusted EBITDA, a non-GAAP measure

$               82,863


$               83,710


$       225,207


$       204,169

Adjusted EBITDA margin

25.3 %


26.8 %


24.9 %


23.7 %

1Profit sharing effect of litigation settlement in the respective period.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/aaon-reports-record-sales--earnings-for-the-third-quarter-of-2024-302299258.html

SOURCE AAON

FAQ

What was AAON's revenue growth in Q3 2024?

AAON's revenue grew 4.9% year-over-year to $327.3 million in Q3 2024.

How much was AAON's backlog as of September 30, 2024?

AAON's backlog was $647.7 million as of September 30, 2024, up 32.0% from $490.6 million a year ago.

What was AAON's earnings per share in Q3 2024?

AAON reported earnings per diluted share of $0.63 in Q3 2024.

How much in new orders did AAON receive in October 2024?

AAON received approximately $174.5 million in new orders in October 2024, mainly for data center cooling solutions.

Aaon Inc

NASDAQ:AAON

AAON Rankings

AAON Latest News

AAON Stock Data

10.74B
82.21M
17.52%
74.13%
3.31%
Building Products & Equipment
Air-cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Link
United States of America
TULSA