AAON, INC.

AAON, INC. participated in the William Blair Growth Stock Conference, presenting its business strategy and outlook. The company detailed its dual-brand approach with AAON serving commercial/industrial markets and BASX focusing on data centers and cleanrooms. Key financial highlights included a $2.13B order backlog as of March 31, 2026, and a 2026 outlook projecting 40%-45% sales growth and 27%-28% gross margin.

At its Annual Meeting on May 12, 2026, AAON, Inc. stockholders approved an amendment to increase the maximum size of the Board of Directors from nine to eleven. Shareholders also elected three nominees to the Board, ratified Grant Thornton, LLP as the independent registered public accounting firm for fiscal year 2026, and approved, on an advisory basis, executive officer compensation and an annual frequency for future say-on-pay votes. Separately, the company declared a regular quarterly cash dividend of $0.10 per share, payable on June 26, 2026.

AAON, Inc. reported strong financial results for the first quarter ended March 31, 2026, with net sales increasing 54.3% to $496.9 million and net income rising 36.0% to $39.8 million. Diluted EPS also saw a significant increase of 37.1% to $0.48. The company's operating activities generated $34.0 million in cash, a notable turnaround from a cash usage in the prior year, and total assets grew to $1.79 billion. The results were also impacted by the One Big Beautiful Bill Act (OBBBA) tax law changes, which led to an increase in deferred tax liabilities and a decrease in current income tax payable.

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.