AAON delivered solid Q3 2025 performance, achieving strong revenue growth and record backlog despite margin pressures from ERP transition costs and plant overheads.

AAON reported Q2 2025 net sales of $311.6M, down 0.6% year-over-year, as operational inefficiencies from an ERP rollout and supply constraints weighed on production. Gross margin contracted to 26.6%, and net income dropped to $15.5M. Despite short-term challenges, backlog hit a record $1.12B, up 71.9% YoY, driven by strong demand for AAON- and BASX-branded equipment.

AAON, Inc. reported a mixed financial performance for the first quarter of 2025. While total net sales increased by 22.9% to $322.054 million, net income decreased to $29.292 million from $39.016 million in the prior year. Diluted EPS also saw a decline to $0.35 from $0.46 in the same period last year. The growth in sales was primarily driven by a significant increase in BASX branded products, which offset a decrease in AAON branded products.

AAON reported a 2.9% decline in revenue for Q4 2024, with total sales reaching $297.7 million. The company faced headwinds from a regulated refrigerant transition and weaker nonresidential construction activity, impacting sales in the AAON Oklahoma segment. However, strong demand in the BASX brand for data center cooling solutions helped offset some losses. Net income dropped 47.5% year-over-year to $24.7 million, while EPS decreased to $0.30 from $0.56 in Q4 2023.

AAON reported record net sales of $327.3 million for Q3 2024, a 4.9% increase year-over-year. Earnings per diluted share were $0.63, consistent with the adjusted earnings per diluted share in Q3 2023. The company's growth was primarily driven by the BASX and AAON Coil Products segments, while the AAON Oklahoma segment experienced a decline in sales.

AAON reported a record second quarter in 2024, with net sales increasing by 10.4% to $313.6 million and earnings per diluted share rising by 12.7% to $0.62. The BASX segment was a primary driver of growth, with significant contributions from data center equipment sales. The company's backlog also reached a record $650.0 million.

AAON's first quarter results were mixed, with net sales decreasing by 1.4% to $262.1 million. However, the company saw an increase in gross profit margin to 35.2% and earnings per diluted share to $0.46. Bookings remain strong across all business segments with quarter-over-quarter increases in backlog.

AAON reported a strong fourth quarter in 2023, achieving comparable sales and earnings to the record-setting third quarter. Net sales increased by 20.4% to a record $306.6 million, and earnings per diluted share increased by 19.1% to $0.56. The company's gross profit margin expanded to 36.4%, driven by improved productivity and incremental pricing.

AAON's third quarter of 2023 showed a significant increase in net sales, gross profit, and net income compared to the same period in 2022. The company achieved record net sales and gross profits, with all three segments performing well. Improved productivity and operational efficiencies were key factors in the company's strong performance.

AAON reported record sales and earnings for the second quarter of 2023. Net sales increased by 36.0% to $284.0 million, driven by organic volume growth and pricing. Earnings per diluted share increased by 173.3% to $0.82.

AAON reported a strong first quarter in 2023, with record sales of $266.0 million, a 45.5% increase year-over-year. Earnings per diluted share increased by 103.0% to $0.67. The company's backlog also reached a record $599.9 million, up 30.0% from the previous year.

AAON's Q4 2022 net sales increased by 86.8% to a record $254.6 million, with earnings per diluted share increasing by 545.5% to $0.71. The company finished the quarter with a record backlog of $548.0 million, up 110.6% from the previous year.

AAON's Q3 2022 results showed significant growth with record sales, earnings, and backlog. Net sales increased by 75.1% to $242.6 million, and earnings per diluted share rose by 75.9% to $0.51. The company's backlog reached a record $514.7 million.

AAON reported a 45.1% increase in net sales for Q2 2022, reaching $208.8 million. However, earnings per diluted share declined by 21.1% to $0.30 due to a contraction in gross profit. The company finished the quarter with a record backlog of $464.0 million.

AAON reported a strong first quarter in 2022, with net sales increasing by 57.8% to $182.8 million. The company experienced organic volume growth and contributions from the acquisition of BasX Solutions. Despite revenue growth, gross profit contracted due to higher material costs and supply chain issues, but margins improved sequentially from Q4 2021. The company finished the quarter with a record backlog of $461.4 million.

AAON reported record fourth quarter revenue of $136.3 million, up 16.8% from the prior-year quarter. However, net income decreased to $6.2 million and earnings per diluted share decreased to $0.11, down year over year 68.6%.

AAON reported a 2.8% increase in net sales to $138.6 million for the third quarter of 2021. However, gross profit declined by 11.8% due to rising material costs and labor shortages. The company's backlog increased by 114% year-over-year, reaching $181.8 million.

AAON reported a 14.6% increase in net sales, reaching an all-time record high of $143.9 million. Diluted EPS increased by 11.8% to $0.38. The company's backlog grew to $138.1 million, driven by strong demand and new bookings.

AAON reported a decrease in net sales by 15.8% to $115.8 million compared to Q1 2020, with diluted EPS down 26.8% to $0.30. The company's backlog increased sequentially, reflecting improved demand, and reached $96.7 million at the end of the quarter.

AAON reported a decrease in net sales for the fourth quarter of 2020, totaling $116.7 million compared to $122.6 million in 2019. However, diluted EPS increased by 6.1% to $0.35. The company experienced record sales of $514.6 million for the twelve months ending December 31, 2020, an increase of 9.6% compared to the previous year.

AAON reported record net sales for the third quarter of 2020, driven by progress in transitioning to a collaborative team-based management approach. Gross profit increased significantly due to favorable raw material costs and improved productivity. The company anticipates challenges in 2021 due to a potential decline in construction, but remains confident in its ability to grow market share in the replacement market.

AAON reported a challenging but positive second quarter in 2020. Despite workforce impacts from employee absences, the company saw a 5.2% increase in net sales and a 33.0% increase in net income compared to the same period last year. Improved efficiency, fiscal responsibility, and declining raw material costs contributed to improved gross profit and bottom line.

AAON reported record sales and earnings for the first quarter of 2020, driven by increased manufacturing capacity and swift response to public needs during the COVID-19 pandemic.

AAON reported a strong fourth quarter and full year 2019, with record sales and gross profit. The company's investments in new manufacturing equipment and operational efficiencies contributed to the positive results. They anticipate continued improvements in sales and earnings in 2020.