Quarterly ResultMay 7, 2026, 07:12 AM
AAON Q1 Sales +54.3% to $496.9M; EPS $0.48; Raises FY26 Outlook
AI Summary
AAON, Inc. announced strong first-quarter 2026 results, with net sales increasing 54.3% to a record $496.9 million and diluted EPS rising 37.1% to $0.48. The company achieved a record total backlog of $2.1 billion, up 107.4% year-over-year, driven by data center demand. Despite a gross profit margin decline to 25.1% due to capacity investments and temporary outsourcing, AAON raised its full-year 2026 revenue growth outlook to 40%-45% and authorized a $100 million share repurchase program.
Key Highlights
- Board authorized up to $100.0 million in common stock repurchases.
- Q1 2026 net sales increased 54.3% to a record $496.9 million.
- Q1 2026 GAAP diluted EPS increased 37.1% to $0.48.
- Total backlog increased 107.4% year-over-year to a record $2.13 billion.
- Q1 2026 gross profit margin was 25.1%, compared to 26.8% in Q1 2025.
- Raised 2026 revenue growth outlook to 40%-45% from prior 18%-20%.
- Revised 2026 gross margin outlook to 27%-28% from prior 29%-31%.
- AAON Oklahoma segment net sales increased 50.7% to $244.0 million.