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 ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Aaon (AAON) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 1. On the other ...

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 ...

The Zacks Building Products - Air Conditioner & Heating industry stands at a strategic vantage point to leverage the prevailing mega-trends and opportunities tied to the energy transition and the burgeoning pro-environmental movement. As we progress into 2024 and beyond, companies within this industry are witnessing a surge in demand for renewable energy solutions, presenting lucrative avenues for expansion. Despite grappling with inflationary pressures, key players such as Comfort Systems USA, Inc. (FIX) , ...

Air conditioner stocks have been some of the hottest investments over the past few years, and I think they’ll only get better from here. Now, many air conditioner stocks have seen a slight dip from their peaks recently. However, I think it makes sense to buy this near-term cooldown before the summer starts in full swing. I think these companies could post excellent earnings once again, as many parts of the country are seeing temperatures soar.Naturally, this will lead to a lot of demand for air conditioner ...

TULSA, Okla., June 17, 2024 /PRNewswire/ -- AAON, Inc. (NASDAQ:  AAON) ("AAON" or the "Company"), provided an update to the previously disclosed share repurchase programs authorized by our Board of Directors.  As of June 17, 2024, our repurchase activity under the programs is as follows:Effective Date Shares Repurchased Authorized and Repurchased $ Average Price Per Share $ Completion Date February 27, 2024 671,230 $50.0 million1 $74.49 June 4, 2024 June 4, 2024 682,334 $50.0 million2 $73.28 June 14, 202 ...

Core Viewpoint - AAON, Inc. has declared a quarterly cash dividend of $0.08 per share, amounting to $0.32 annually, payable on June 28, 2024, to stockholders of record as of June 7, 2024 [1] Company Overview - AAON, founded in 1988, is a leader in HVAC solutions for commercial and industrial indoor environments [2] - The company focuses on designing and manufacturing highly configurable equipment, enhancing efficiency, performance, and long-term value for customers [2] - AAON is headquartered in Tulsa, Oklahoma, featuring an innovation center and testing lab that supports continuous advancements in the industry [2]

Core Insights - AAON, Inc. is transitioning to the low Global Warming Potential refrigerant R-454B, aligning with upcoming regulations and reinforcing its leadership in sustainable HVAC solutions [1][2] - The company began accepting orders for R-454B units on January 1, 2024, ahead of the EPA's mandate, and is currently shipping these units to customers [1][3] - R-454B has a GWP of 466, representing a 78% reduction compared to R-410A, significantly reducing the environmental impact of refrigerants [1] Company Strategy - AAON aims to lead in engineering and manufacturing by staying ahead of regulatory changes and competitor capabilities while providing high performance and value [3] - The company will not increase prices for products using R-454B, ensuring economic accessibility for customers [3] - All AAON products will be available for configuration with R-454B by June 1, 2024, with normal lead times to avoid service disruptions [3] Safety Measures - Safety is prioritized in the design and manufacturing of R-454B units, with low burning velocity and stringent safety measures to mitigate risks associated with its mild flammability [2] - Units are equipped with refrigerant leak detection sensors for early leak detection and prompt intervention [2] Company Background - Founded in 1988, AAON is a leader in HVAC solutions for commercial and industrial environments, focusing on efficiency, performance, and long-term value [4]

Core Insights - AAON, Inc. emphasizes its commitment to sustainability through innovative HVAC solutions and aims to achieve long-term environmental goals [1][2] Sustainability Efforts - The company focuses on operational efficiency, research and development for industry innovation, and collaboration to sustain communities and natural resources [1] - AAON is dedicated to reducing scope 1 and 2 emissions, enhancing inclusion and diversity, and improving corporate governance [2] 2023 Sustainability Report Highlights - Introduction of AAON Alpha Class air-source heat pumps designed for higher efficiency and lower emissions [3] - Adoption of refrigerant R-454B with a Global Warming Potential of 466, replacing R-410A ahead of EPA mandates [3] - The Exploration Center, a net-zero facility, is recognized as one of the most sustainable buildings in Oklahoma [3] - Progress towards the goal of 80% of products being non-fossil fuel-consuming by 2030 [3] - Commitment to reducing GHG emissions by 10% by 2025 [3] - Approximately 36% of total energy consumption is currently derived from renewable sources [3] - Diversity metrics show 50% of the Board of Directors, 30% of Officers, and 66% of the total workforce are diverse [3] - Contributions of $1.2 million to nonprofit partners, serving over 100 nonprofits [3] Company Overview - Founded in 1988, AAON is a leader in HVAC solutions for commercial and industrial environments, focusing on efficiency and long-term value [4]