The Zacks Building Products - Air Conditioner & Heating industry is well-positioned to capitalize on key trends and opportunities, driven by the energy transition and the growing pro-environmental movement. As we move into 2024 and beyond, companies in this sector are experiencing increased demand for renewable energy solutions, unlocking significant growth potential. Despite facing inflationary challenges, major players like Comfort Systems USA, Inc. (FIX) and AAON, Inc. (AAON) are thriving by delivering c ...

For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Aaon (AAON) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Aaon is a member of the Construction sector. This group includes 91 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks R ...

In order to meet evolving industry regulations and increasing energy efficiency demands, AAON, Inc. (AAON) launched Delta Class, the next evolution in Dedicated Outdoor Air System (DOAS) technology.AAON has been at the forefront of DOAS technology since its founding in 1988, which consistently delivers premium quality, high-efficiency equipment. Delta Class represents decades of expertise and continuous improvement in fresh air solutions for diverse environments.Delta Class features variable capacity compre ...

Core Viewpoint - AAON, Inc. has launched Delta Class, an advanced Dedicated Outdoor Air System (DOAS) technology, emphasizing its commitment to innovation, efficiency, and sustainability in response to evolving industry regulations and increasing energy efficiency demands [1][2]. Group 1: Product Features and Innovations - Delta Class incorporates features such as variable capacity compressors, modulating reheat, 100% outdoor air dampers, and advanced energy recovery systems, designed to meet the complex needs of high-occupancy spaces [2][3]. - The compact and efficient design of Delta Class aims to reduce carbon footprint while providing high-quality air solutions for various environments, including schools, fitness centers, and restaurants [2][3]. Group 2: Company Background and Commitment - Founded in 1988, AAON has established itself as a leader in high-performance HVAC solutions, consistently delivering premium, high-efficiency equipment [1][4]. - The company has a strong culture focused on lifecycle cost and high efficiency, ensuring fresh and clean air across diverse building types since the introduction of DOAS technology [2][4]. - AAON's state-of-the-art testing laboratory, the Norman Asbjornson Innovation Center (NAIC), rigorously tests Delta Class units to ensure they meet high performance and reliability standards [3].

For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Aaon (AAON) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.Aaon is a member of our Construction group, which includes 91 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of o ...

Investment Thesis - AAON, Inc. is expected to see significant earnings growth, with a projected increase of 23.06% in 2025 and 24.19% in 2026 after a flat 2024 [3][4] - The company has a one-year price target of $99.00 and is rated as a Buy by analysts [3][20] Company Overview - Founded in 1987, AAON specializes in HVAC systems for commercial and industrial markets, generating 69% of its revenue from rooftop units and 97% domestically [4] - The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX, with a significant customer, Texas AirSystems, accounting for 13.8% of sales in 2023 [4] - AAON reported a record backlog of $650 million at the end of Q2-2024, up from $526 million the previous year, indicating strong demand [4] Financial Performance - In Q2-2024, AAON's net sales increased by 10.4% to $313.6 million, with a gross margin of 36.1% and earnings per diluted share rising 12.7% to $0.62 [7] - The sales growth was primarily driven by the BASX segment, which saw a 58.3% increase in sales, mainly from data center equipment [7] - The company had total assets of $1.011 billion and total liabilities of $270.2 million, including $85.9 million in long-term debt [7] Competitive Landscape - AAON faces intense competition from larger companies such as Lennox International, Trane Technologies, and Carrier Global, but it competes on total value rather than price [5][6] - The company has maintained higher margins than industry medians, with a gross margin of 36.27% compared to 31.33% for the sector [6] Growth Prospects - AAON's revenue and earnings are expected to grow significantly in the coming years, with analysts projecting a return to growth in 2025 after a flat 2024 [10][11] - The company has invested approximately $43.7 million in R&D in 2023 to enhance its product offerings and maintain competitive advantages [4] Valuation - AAON's stock is considered overvalued based on current metrics, with a PEG ratio above fair value, indicating that growth may not justify high P/E ratios [16][17] - The average price target from Wall Street analysts is $99.00, suggesting an upside potential of 11.62% from the current trading price [19] Dividend Information - AAON has a forward dividend yield of 0.36% with an annual payout of $0.32, having paid dividends for 16 consecutive years [13]

For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Aaon (AAON) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Aaon is a member of the Construction sector. This group includes 91 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within ...

AAON, Inc. (NASDAQ:AAON) Q2 2024 Results Conference Call August 1, 2024 5:15 PM ET Company Participants Joe Mondillo - Director of IR Gary Fields - President and CEO Rebecca Thompson - CFO and Treasurer Matt Tobolski - President and COO Conference Call Participants Chris Moore - CJS Securities Ryan Merkel - William Blair Brent Thielman - D.A. Davidson Timothy Wojs - Baird Jon Braatz - Kansas City Capital Operator Good afternoon, ladies and gentlemen, and welcome to the AAON, Inc. Second Quarter of 2024 Earn ...

Aaon (AAON) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.81%. A quarter ago, it was expected that this maker of air conditioning and heating equipment would post earnings of $0.53 per share when it actually produced earnings of $0.46, delivering a surprise of -13.21%.Over the la ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission file number: 0-18953 AAON, INC. (Exact name of registrant as specified in its charter) Nevada 87-0448736 (State or ...