AAON Press Room

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August 2, 2018 AAON Reports Record Second Quarter Sales and Backlog
AAON, Inc. (NASDAQ-AAON) today announced its operating results for the second quarter and six months ended June 30, 2018. In the quarter ended June 30, 2018, net sales were $109.6 million, up 8.2% from $101.3 million in 2017. Net income was $11.7 million, a decline of 15.2% from $13.8 million in the same period a year ago. Net sales for the six months ended June 30, 2018 were $208.7 million, increasing 11.3% from $187.4 million in 2017. Net income for the six months ended June 30, 2018 was $16.0 million, down 33.6% from $24.0 million in 2017. Our backlog at June 30, 2018 increased 87.5% to $156.6 million, from $83.5 million for the same period a year ago.
June 26, 2018 AAON, Inc. Second Quarter 2018 Sales and Earnings Review Conference Call
A question and answer session will follow a brief presentation by management. The entire call should last about 45 minutes.
July 24, 2018 AAON RN Series is Winner in ACHR News 2018 Dealer Design Awards
AAON, Inc. (NASDAQ: AAON) was recognized for excellence in product design in the 15th annual Dealer Design Awards Program sponsored by The Air Conditioning Heating and Refrigeration News magazine. An independent panel of contractors acted as judges in the contest that had 98 entries. The company’s RN Series rooftop unit was the Bronze Award Winner in the HVAC Commercial Equipment category. The ACHR News is the leading trade magazine in the heating, ventilating, air conditioning, and refrigeration industries.
May 18, 2018 AAON Announces 23% Increase in Cash Dividend and Stock Buyback Program
AAON, Inc., today announced that its Board of Directors has declared a $0.03 increase in the Company’s regular semi-annual cash dividend, to $0.16 per share or $0.32 annually (a 23% increase from the previous $0.13 per share or $0.26 annually). The next cash dividend will be payable on July 6, 2018, to stockholders of record as of the close of business on June 8, 2018. The Board of Directors also authorized the Company to make up to $15.0 million in purchases of shares of the Company’s common stock in accordance with a pre-arranged stock repurchase plan adopted by the Company in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
May 3, 2018 AAON Reports First Quarter 2018 Sales and Earnings
AAON, INC. (NASDAQ-AAON) today announced its operating results for the first quarter and three months ended March 31, 2018. In the quarter ended March 31, 2018, net sales were $99.1 million, up 15.1% from $86.1 million in 2017. Net income was $4.3 million, a decline of 58.3% from $10.2 million in the same period a year ago. Earnings per diluted share in the first quarter of 2018 were $0.08, down 57.9% from $0.19 for the same period in 2017, based upon 52.9 million and 53.2 million shares outstanding at March 31, 2018 and 2017, respectively.
April 26, 2018 AAON, Inc. First Quarter 2018 Sales and Earnings Review Conference Call
A question and answer session will follow a brief presentation by management. The entire call should last about 45 minutes.
April 19, 2018 Tulsa Tech and AAON Develop Partnership for new Manufacturing Program at Glenpool High School
Tulsa Tech and AAON, Inc., along with Glenpool Public Schools, have set up an educational partnership that will enhance the future workforce for the region and impact the lives of many students for years to come. AAON has pledged a $100,000 donation toward the construction of the classroom and lab, as well as a commitment to 50% of the operational costs for five years. It is the first such corporate partnership in the history of Tulsa Tech, and is groundbreaking for Oklahoma’s CareerTech system.
March 23, 2018 AAON Announces Price Increase
AAON, Inc. (NASDAQ-AAON), today announced a price increase of up to 5% on HVAC equipment. The price increase is effective June 15th, 2018.
March 16, 2018 AAON Announces Officer Resignation
AAON, Inc. (NASDAQ: AAON), today announced Sam Neale, Vice President of AAON and President of AAON’s wholly-owned subsidiary, AAON Coil Products, Inc. (“AAON Coil Products”), provided notice to the company on March 12, 2018 that he will be leaving the company to pursue other opportunities. Mr. Neale’s resignation will be effective on March 23, 2018.
March 1, 2018 AAON Announces Acquisition
AAON, Inc. (NASDAQ: AAON), closed on the purchase of substantially all of the assets of WattMaster Controls, Inc. on February 28, 2018. The assets acquired consist primarily of intellectual property, receivables, inventory and fixed assets. AAON funded the acquisition with cash on hand. WCI has been a long-time supplier, primarily of controls, to the Company. The Company also entered into a lease for the facility in Parkville, Missouri previously occupied by WCI, that AAON will utilize to operate this addition to its business. The Company hired substantially all of the WCI employees.
February 27, 2018 AAON Reports Fourth Quarter and Full Year 2017 Sales and Earnings
AAON, INC. (NASDAQ-AAON) today announced its results for the fourth quarter and year 2017. Sales in the fourth quarter were $104.2 million, up 13.6% from $91.7 million in 2016. Net income was $15.8 million, increasing 38.1% from $11.4 million in the same period a year ago. Sales for the year 2017 reached a record level, $405.2 million, representing a gain of 5.5% compared to $384.0 million in 2016. Net income for 2017 was also a record, $54.5 million, rising 2.1% compared to $53.4 million in 2016.
February 20, 2018 AAON, Inc. Fourth Quarter and Full Year 2017 Sales and Earnings Review Conference Call
A question and answer session will follow a brief presentation by our CEO, Norman Asbjornson. The entire call should last about 45 minutes.
January 2, 2018 AAON Announces Tax Reform Bonus for Employees
AAON, Inc. (NASDAQ: AAON), today announced personnel employed by AAON on January 1st, 2018, excluding officers, will receive a $1,000 bonus in recognition of the new tax reform law. AAON employs approximately 2,000 individuals at its Tulsa, Oklahoma and Longview, Texas facilities.