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Aaon Inc - AAON STOCK NEWS

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AAON Inc. (NASDAQ: AAON), established in 1988 and headquartered in Tulsa, Oklahoma, is a leading manufacturer of high-performance, energy-efficient HVAC solutions for commercial and industrial markets. The company's product portfolio includes rooftop units, chillers, air-handling units, geothermal heat pumps, and more. AAON serves diverse markets primarily in North America, focusing on new construction and replacement applications.

AAON is renowned for its commitment to innovation, highlighted by the recent launch of the AAON Alpha Class air-source heat pumps. These units, available from two to 70 tons, excel in efficiency and environmental sustainability, featuring variable speed compressor technology, energy recovery, and low global warming potential refrigerants. The Alpha Class units are designed to perform reliably even at sub-zero temperatures, making them ideal for diverse climates.

The company's dedication to sustainability extends to its proactive transition to the low GWP refrigerant R-454B, significantly reducing environmental impact ahead of regulatory mandates. Additionally, AAON's participation in the Department of Energy's Better Buildings Commercial Building Heat Pump Accelerator underscores its leadership in advancing sustainable HVAC technologies.

AAON's financial performance has been robust, marked by consistent record sales and profits, driven by improved operational efficiencies, strategic pricing, and a strong backlog. The company's world-class innovation center and testing lab in Tulsa enable continuous advancements in HVAC technology, ensuring AAON remains at the forefront of industry innovation.

Under the leadership of CEO Gary Fields and President Matt Tobolski, AAON continues to enhance its operational capabilities and expand its market presence. Recent executive appointments reflect the company's strategic focus on aligning resources and leveraging organizational efficiencies for sustained growth.

AAON's commitment to community engagement and workforce development is evident in its active participation in Manufacturing Month events, fostering awareness of career opportunities in manufacturing and inspiring future generations of innovators.

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AAON, Inc. announces its first quarter 2024 conference call and webcast to discuss financial results, scheduled for May 2, 2024, at 5:15 p.m. EDT. The results will be released after the market closes on the same day, with a dial-in for Q&A and a listen-only webcast available. A replay will be accessible on the company's website the following business day.
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AAON, Inc. partners with the Department of Energy on the Better Buildings Commercial Building Heat Pump Accelerator to develop cold climate heat pumps. AAON's Alpha Class heat pumps offer high efficiency, low emissions, and reliable operation at low temperatures, setting them apart in the market.
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AAON, Inc. (NASDAQ: AAON) declares a quarterly cash dividend of $0.08 per share, totaling $0.32 annually, payable on March 29, 2024. The Board of Directors approves a $25 million increase in share repurchase authorization, totaling $50 million.
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AAON, Inc. executives to participate in Sidoti & Company Small Cap Virtual Conference on March 13, 2024.
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AAON, INC. (NASDAQ-AAON) reports record sales, EBITDA, and earnings for Q4 2023. Gross profit margin increased to 36.4% from 30.8% YoY. Net sales rose by 20.4% to $306.6 million. Earnings per diluted share increased by 19.1% to $0.56. Backlog at the end of Q4 2023 was $510.0 million.
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AAON, Inc. schedules its quarterly conference call to discuss fourth quarter 2023 financial results on February 28, 2024, providing investors with insights into its performance and financial standing.
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AAON, Inc. (NASDAQ: AAON) has received AMCA Accreditation for the Norman Asbjornson Innovation Center (NAIC), positioning the company as a leader in the HVAC industry. The NAIC's 134,000 square foot laboratory houses state-of-the-art testing facilities and is one of only 13 labs in North America to hold both 210 and 300 Accreditation from AMCA. This accreditation validates the integrity and competence of the lab and assures the accuracy and reliability of the data produced for AAON products.
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AAON (NASDAQ: AAON) has been honored with the Bellmon Award 'Best Overall' by The Sustainability Alliance, based on the triple-bottom-line score strategy. The company achieved the highest Platinum level on the Score3card for four consecutive years, from 2020 to 2023. AAON is committed to driving the industry forward for a cleaner, more sustainable future as a manufacturer of energy-efficient commercial HVAC products.
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AAON, Inc. (NASDAQ: AAON) announces declaration of $0.08 per share quarterly cash dividend, payable on December 18, 2023. The dividend is $0.32 annually, with a record date of November 29, 2023.
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AAON, INC. reports strong Q3 2023 results with record net sales and gross profits. Net sales increased 28.6% to $312.0 million, marking the seventh straight quarter of record sales. Gross profit margin increased to 37.2% from 27.0% in Q3 2022. Net income increased by 75.0% to $48.1 million. AAON expects a strong finish to the year and is optimistic about the outlook for next year.
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FAQ

What is the current stock price of Aaon (AAON)?

The current stock price of Aaon (AAON) is $124.13 as of December 20, 2024.

What is the market cap of Aaon (AAON)?

The market cap of Aaon (AAON) is approximately 10.2B.

What products does AAON Inc. manufacture?

AAON Inc. manufactures high-performance HVAC equipment including rooftop units, chillers, air-handling units, geothermal heat pumps, and more, primarily for commercial and industrial markets.

What is the AAON Alpha Class?

The AAON Alpha Class is a line of high-performance air-source heat pumps designed for superior efficiency and reliability, featuring variable speed technology, energy recovery, and low GWP refrigerants.

How does AAON contribute to environmental sustainability?

AAON is committed to sustainability through initiatives like the proactive adoption of low GWP refrigerant R-454B and participation in the DOE's Better Buildings Commercial Building Heat Pump Accelerator.

What recent financial achievements has AAON reported?

AAON has reported consistent record sales and gross profits, driven by improved operational efficiencies, strategic pricing, and a strong order backlog.

Where is AAON headquartered?

AAON is headquartered in Tulsa, Oklahoma, where it operates a world-class innovation center and testing lab.

Who are the current leaders of AAON Inc.?

AAON Inc. is led by Gary Fields as CEO and Matt Tobolski as President and COO, along with a strategically aligned executive leadership team.

What is the significance of AAON's participation in Manufacturing Month?

AAON's participation in Manufacturing Month highlights its commitment to community engagement, workforce development, and fostering awareness of career opportunities in manufacturing.

How does the AAON Alpha Class heat pump perform in cold climates?

The AAON Alpha Class heat pump is engineered to operate reliably at lower ambient temperatures than traditional heat pumps, providing high heating capacities even in sub-zero conditions.

What are AAON's future growth strategies?

AAON's growth strategies include expanding production capacity, leveraging technological advancements, and enhancing operational efficiencies to meet increasing market demand.

How does AAON contribute to the HVAC industry's innovation?

AAON contributes to HVAC industry innovation through continuous product development, proactive adoption of new technologies, and maintaining a strong focus on sustainability and efficiency.

Aaon Inc

Nasdaq:AAON

AAON Rankings

AAON Stock Data

10.19B
67.15M
17.38%
73.93%
2.18%
Building Products & Equipment
Air-cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Link
United States of America
TULSA