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, Inc. announced the retirement of Paul K. Lackey, Jr. from its Board of Directors, effective at the Annual Meeting on May 12, 2022. Lackey, who has served since 2007, will not seek re-election to reduce his professional commitments. CEO Gary D. Fields expressed gratitude for Lackey's invaluable contributions over nearly 15 years. AAON, founded in 1988, specializes in manufacturing premium air conditioning and heating equipment.
AAON, a leading manufacturer of energy-efficient HVAC systems, announced that President and CEO Gary Fields and CFO Rebecca Thompson will participate in the Sidoti & Company Small Cap Virtual Conference on March 24, 2022, at 11:30 a.m. ET. The live webcast will be available on the AAON website, with an archive accessible post-event. Since its founding in 1988, AAON has specialized in the engineering, manufacturing, and sale of HVAC equipment, emphasizing superior performance and customer satisfaction.
AAON, a leader in HVAC solutions, announced participation in the J.P. Morgan Industrials Conference on March 17, 2022, at 2:10 p.m. ET. President Gary Fields, CFO Rebecca Thompson, and Matt Tobolski from BasX Solutions will represent the company. The event will be streamed live on the AAON website, with a recording available for 30 days post-event. Founded in 1988, AAON specializes in manufacturing energy-efficient heating and cooling equipment for nonresidential buildings, ensuring high performance and customer satisfaction.
AAON, a leader in HVAC products, reported a Q4 2021 revenue of $136.3 million, reflecting a 16.8% increase year-over-year. Despite this growth, gross profit fell 21.7% to $26.5 million, primarily due to supply chain issues and inflationary pressures, resulting in a net income of $6.2 million or $0.11 per share, down 68.6%. The company’s backlog surged 249.6% year-over-year to $260.2 million. The CFO indicated a strong financial position, while the CEO expressed optimism for recovery in production and margins in 2022.
AAON, a leader in HVAC products, will host its quarterly conference call on February 28, 2022, at 5:15 p.m. to discuss fourth quarter 2021 financial results. The results will be released after market close the same day.
Investors can participate via a Q&A dial-in or a listen-only webcast by registering at this link. A replay will be available the following business day on AAON's website.
AAON, Inc. announced the election of Gene Stewart as Executive Vice President and Doug Wichman as Executive Vice President of AAON Coil Products, effective January 1, 2022. Stewart previously served as President of AAON Coil Products and has extensive industry experience, while Wichman, with the company since 2013, was most recently Director of Manufacturing. CEO Gary D. Fields emphasized these promotions align with succession planning and acknowledge their contributions to the company's success.
AAON, Inc. (NASDAQ: AAON) has successfully acquired BasX Solutions for a total of up to $180 million, finalized on December 10, 2021. The upfront payment of $100 million was primarily funded by cash reserves, while additional payment associated with performance milestones could reach $80 million. AAON also plans to acquire real estate related to BasX for $22 million. This acquisition provides AAON access to the high-growth data center and cleanroom markets, which are projected to enhance revenue and profitability, with BasX expected to generate approximately $70 million in revenue in 2021.
AAON, a leader in premium HVAC products, announced that CEO Gary Fields and CFO Rebecca Thompson will participate in a virtual fireside chat at the Credit Suisse Global Industrials Conference on December 2, 2021, at 8:50 a.m. ET. The event will be available via live webcast and can also be accessed later for replay. AAON specializes in manufacturing highly energy-efficient heating and cooling equipment, established in 1988. For more information, visit www.AAON.com.
AAON, Inc. has announced its acquisition of BasX, LLC for $100 million, with potential earn-out payments of up to $80 million. BasX specializes in high-efficiency cooling solutions for data centers and cleanroom environments, projecting revenue of approximately $70 million in 2021. This acquisition aims to enhance AAON's market presence in high-growth sectors and is anticipated to be accretive to earnings immediately, excluding acquisition-related costs. Additionally, the acquisition is expected to generate significant revenue and cost synergies while maintaining BasX's management team for continuity.
AAON, Inc. has declared a semi-annual cash dividend of $0.19 per share, totaling $0.38 annually. This dividend is scheduled for payment on December 17, 2021, to stockholders who are on record as of November 26, 2021. The company specializes in manufacturing heating and cooling equipment and has been operational since 1988. AAON emphasizes innovation and customer satisfaction in its product offerings.
