Recent Updates — AAON
AAON, Inc. announced it will operate under the trade name The Aaon Group to reflect its evolution into a multi-brand organization with distinct operating brands AAON and BASX. This rebranding creates a clear distinction between the enterprise and its brands while preserving their individual identities, customer relationships, and operational structures. The company's ticker symbol, leadership team, financial reporting, and operating segments remain unchanged. AAON, Inc. designs and manufactures high-performance HVAC and thermal management solutions for commercial, industrial, and data center environments.
AAON, Inc.'s Board of Directors declared a regular quarterly cash dividend of $0.10 per share, equating to an annual rate of $0.40. The dividend is payable on September 25, 2026, to stockholders of record as of the close of business on September 4, 2026. AAON operates in the HVAC industry, designing and manufacturing energy-efficient heating, ventilation, and air conditioning solutions for commercial, industrial, and data center environments.
AAON, Inc. reported record second quarter 2026 financial results for the period ended June 30, 2026, announcing net sales of $627.0 million, a 101.2% year-over-year increase. Operating income surged 192.1% to $68.9 million, and diluted EPS rose 257.9% to $0.68. Total backlog reached $2.0 billion, up 98.0% from the prior year, driven by strong data center demand for BASX-branded products. The company raised its full-year 2026 outlook, projecting net sales growth of 55%-60%, gross margins of approximately 25-26%, and SG&A expenses of 13%-14% of sales. AAON operates in the HVAC industry, designing and manufacturing energy-efficient heating, ventilation, air conditioning, and cooling solutions for commercial, industrial, and data center environments.
AAON, Inc. expanded its Board of Directors from nine to eleven members by creating two new Class III positions and appointed Robert L. Buttermore III and Patrick J. Jermain as independent directors effective July 28, 2026. Buttermore, currently Senior Vice President and Chief Supply Chain Officer at Rockwell Automation, joins the Compensation Committee, while Jermain, former CFO of Plexus Corporation, serves on the Audit Committee. The Board simultaneously amended its bylaws to increase the maximum board size to eleven positions. These appointments are part of an ongoing succession process aimed at aligning director expertise with the company's scaling operations and long-term growth strategy in commercial HVAC and mission-critical cooling markets.
AAON, INC. participated in the William Blair Growth Stock Conference on June 2, 2026, where executives Matt Tobolski and Andy Cheung provided a presentation. The presentation materials are furnished as Exhibit 99.1 and are not deemed 'filed' for the purpose of Section 18 of the Securities Exchange Act of 1934.