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 ...

Company Performance - Aaon reported quarterly earnings of $0.62 per share, exceeding the Zacks Consensus Estimate of $0.54 per share, and up from $0.55 per share a year ago, representing an earnings surprise of 14.81% [1] - The company achieved revenues of $313.57 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 9.88%, compared to $283.96 million in the same quarter last year [1] - Over the last four quarters, Aaon has surpassed consensus EPS estimates three times and topped consensus revenue estimates once [1] Stock Outlook - Aaon shares have increased approximately 19.9% since the beginning of the year, outperforming the S&P 500's gain of 15.8% [2] - The current consensus EPS estimate for the upcoming quarter is $0.62 on revenues of $330.69 million, and for the current fiscal year, it is $2.24 on revenues of $1.2 billion [4] Industry Context - The Building Products - Air Conditioner and Heating industry, to which Aaon belongs, is currently ranked in the top 3% of over 250 Zacks industries, indicating strong performance potential [5] - The AZEK Company, another player in the same industry, is expected to report quarterly earnings of $0.36 per share, reflecting a year-over-year increase of 20%, with revenues projected at $397.43 million, up 2.6% from the previous year [5][6]

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 ...

Exhibit 99.1 1 AAON REPORTS RECORD SALES, EARNINGS & BACKLOG FOR THE SECOND QUARTER OF 2024 TULSA, OK, August 1, 2024 - AAON, INC. (NASDAQ-AAON), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, today announced its results for the second quarter of 2024. Net sales for the second quarter of 2024 increased 10.4% to a record $313.6 million from $284.0 million in the second quarter of 2023. The year-over-year increase was largely driven by the BASX segment, ...

TULSA, Okla., Aug. 1, 2024 /PRNewswire/ -- AAON, INC. (NASDAQ-AAON), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, today announced its results for the second quarter of 2024.Net sales for the second quarter of 2024 increased 10.4% to a record $313.6 million from $284.0 million in the second quarter of 2023. The year-over-year increase was largely driven by the BASX segment, which recognized an increase in sales of 58.3%, a majority of which was spurre ...

Company Overview - Aaon (AAON) is expected to report quarterly earnings of $0.54 per share, reflecting a year-over-year decline of 1.8% [2] - Revenues are anticipated to be $285.38 million, which is a slight increase of 0.5% from the previous year [2] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 1.64% higher in the last 30 days, indicating a positive reassessment by analysts [3] - Aaon has a positive Earnings ESP of +0.94%, suggesting that analysts are optimistic about the company's earnings prospects [6] Earnings Surprise Prediction - The Most Accurate Estimate for Aaon is higher than the Zacks Consensus Estimate, indicating a bullish sentiment among analysts [6] - Aaon holds a Zacks Rank of 2, which further supports the likelihood of beating the consensus EPS estimate [7] Historical Performance - In the last reported quarter, Aaon was expected to earn $0.53 per share but only achieved $0.46, resulting in a surprise of -13.21% [8] - Over the past four quarters, Aaon has beaten consensus EPS estimates three times, showcasing a generally strong performance [8] Industry Context - Watsco (WSO), a competitor in the air conditioning and heating industry, is expected to report earnings of $4.70 per share, marking a year-over-year increase of 6.3% [10] - Watsco's revenues are projected to be $2.13 billion, up 6.5% from the previous year, but it has a Zacks Rank of 4, indicating challenges in predicting an earnings beat [10]

TULSA, Okla., July 18, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ:  AAON) ("AAON" or the "Company"), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, announces that it has scheduled its quarterly conference call and webcast for Thursday, August 1, 2024, at 5:15 p.m. EDT to discuss second quarter 2024 financial results.  The results will be released immediately after the market closes on that same day.The conference call will be accessible via dial-in for th ...