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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.

Rhea-AI Summary
AAON, Inc. has appointed Matt Tobolski as President and COO. Gary Fields will continue as CEO. Tobolski will lead AAON's operations, engineering, sales, marketing, and administration teams. Additional executive leadership changes will occur to leverage resources and organizational efficiencies. All changes will be effective from January 1, 2024.
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AAON Tulsa and BASX, An AAON Company, are hosting the most extensive Manufacturing Month event series to celebrate October's National Manufacturing Month. The event aims to change perceptions of manufacturing and highlight high-tech and innovative companies. By 2030, manufacturers will need to fill over 4 million jobs.
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AAON announces its new line of high-performance air-source heat pumps, AAON Alpha Class, to meet the demand for sustainable solutions in the building industry.
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AAON, Inc. announces its quarterly conference call and webcast to discuss third quarter 2023 financial results.
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ONE Gas announces Angela E. Kouplen as Senior VP and Chief Human Resources Officer
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AAON activates 432 solar panels on its Exploration Center, generating 240kW of solar energy. The facility is on track to be net-zero and one of the most sustainable buildings in Tulsa. AAON is committed to reducing greenhouse gas emissions.
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AAON declares regular quarterly cash dividend of $0.08 per share, payable on September 29, 2023.
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AAON, Inc. has scheduled its quarterly conference call and webcast on August 3, 2023, to discuss second quarter 2023 financial results.
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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