Aaon Inc Stock Price, News & Analysis

AAON has secured orders worth approximately $174.5 million from a data center customer for custom-designed thermal management systems supporting liquid cooling deployment. The equipment will be manufactured under the BASX brand in Longview, Texas facilities, with production and delivery expected mainly in the first half of 2025. A new facility construction is on track for completion by end-2024, with staffing and setup already underway. The company emphasizes its engineering capabilities and leadership in the data center cooling market, viewing these orders as part of a larger growth opportunity in what they anticipate to be a multi-year growth cycle.

AAON, a provider of high-performing, energy-efficient HVAC solutions, has scheduled its third quarter 2024 financial results conference call and webcast for Thursday, November 7, 2024, at 5:15 p.m. EST. The financial results will be released after market close on the same day. Participants can join via dial-in at 1-800-836-8184 for Q&A participation or access a listen-only webcast through registration. A replay will be available on the company's investor website the following business day.

BASX, a leader in manufacturing high-efficiency data center cooling solutions, cleanroom systems, and custom HVAC systems, has officially opened its new 36,000-square-foot weld shop in Redmond, Oregon. The ribbon-cutting ceremony, performed by the Redmond Chamber of Commerce, took place on September 18th, 2024, at BASX headquarters.

The new facility is set to create 30 additional welding positions, ranging from entry-level to experienced roles. It features state-of-the-art welding technology, advanced air filtration systems, overhead cranes, and a cutting-edge tube laser. A 75-foot-long dual-zone robotic welding cell is scheduled for installation in early 2025.

Dave Benson, AAON VP and BASX President, emphasized the investment's significance for both the company and Central Oregon's future, highlighting the potential for increased quality, efficiency, and local job opportunities.

AAON has launched Delta Class, the next evolution in Dedicated Outdoor Air System (DOAS) technology. This innovative product line reaffirms AAON's commitment to high-performance and energy-efficient HVAC solutions. Delta Class features variable capacity compressors, modulating reheat, 100% outdoor air dampers, and advanced energy recovery systems. It is designed to meet the complex needs of high-occupancy spaces like schools, fitness centers, restaurants, and entertainment venues while reducing carbon footprint.

The product is rigorously tested at the Norman Asbjornson Innovation Center (NAIC), AAON's AMCA-accredited testing laboratory, ensuring high standards of performance and reliability. Delta Class represents AAON's continued legacy of pioneering eco-friendly HVAC solutions for a sustainable future.

AAON (NASDAQ: AAON) has announced its next regular quarterly cash dividend of $0.08 per share, equivalent to $0.32 annually. The dividend is payable on September 27, 2024 to stockholders of record as of the close of business on September 6, 2024. This announcement demonstrates AAON's commitment to returning value to its shareholders through consistent dividend payments.

AAON, a provider of premier HVAC solutions, reported record sales, earnings, and backlog for Q2 2024. Net sales increased 10.4% to $313.6 million, driven by a 58.3% increase in the BASX segment, primarily from data center equipment sales. Gross profit margin expanded to 36.1%, up from 33.1% in Q2 2023, due to operational efficiencies and lower material costs. Earnings per diluted share rose 12.7% to $0.62. The company achieved a record backlog of $650.0 million, up 23.5% year-over-year. AAON's CEO, Gary Fields, highlighted the company's strong performance in the data center market and strategic positioning for long-term success, including investments in expanded production capacity and cold climate heat pump development.

AAON, Inc. (NASDAQ: AAON), a leading provider of configurable HVAC solutions, has announced its second quarter 2024 earnings conference call and webcast scheduled for Thursday, August 1, 2024, at 5:15 p.m. EDT. The company will release its financial results immediately after the market closes on the same day. Investors and analysts can participate in the Q&A session via dial-in at 1-800-836-8184 or access the listen-only webcast through a registration link. A replay of the call will be available on AAON's investor relations website the following business day.

AAON (NASDAQ: AAON) has completed two share repurchase programs as of June 17, 2024. The first program, effective February 27, 2024, repurchased 671,230 shares for $50 million at an average price of $74.49 per share, finishing on June 4, 2024. The second program, effective June 4, 2024, repurchased 682,334 shares for $50 million at an average price of $73.28 per share, completing on June 14, 2024. CEO Gary Fields expressed confidence in AAON's long-term growth and highlighted the company's commitment to delivering shareholder value. The repurchases were funded by cash reserves and available credit without hindering strategic investments or the company's strong balance sheet.

AAON announced a quarterly cash dividend of $0.08 per share, amounting to an annualized dividend of $0.32. This dividend will be payable on June 28, 2024, to shareholders recorded by June 7, 2024.