AAON Press Room

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October 1, 2019 AAON Chooses SOSPES Environmental, Health and Safety Software
AAON, Inc., a leading manufacturer of heating and cooling products, has selected Sospes’ EHS management software as its environmental, health and safety platform partner for its operations in Oklahoma, Texas and Missouri. Sospes’ EHS software improves communication between workers and their companies, creating a collaborative environment for improving safety and productivity.
September 16, 2019 AAON Voted Product of the Year by Consulting-Specifying Engineer Magazine
AAON, Inc., a leading manufacturer of heating and cooling products, announced that its RN Series with Two Stage Compressors and WV Series Water-Source Heat Pump have each been named 2019 Product of the Year by the readers of Consulting-Specifying Engineer.
August 15, 2019 AAON Breaks Ground on New Facility in Longview
AAON, Inc., a leading manufacturer of heating and cooling products, breaks ground on a new facility at the Longview, Texas manufacturing plant. The facility is part of a $28 million capital investment at the Longview operation. The first phase of construction will be a 195,000 square feet building with an expected completion date of October 2020. It will be used for both coil warehouse storage and equipment manufacturing operations.
August 1, 2019 AAON Reports Second Quarter Sales and Earnings
AAON, Inc. (NASDAQ-AAON) today announced its operating results for the second quarter and six months ended June 30, 2019. In the quarter ended June 30, 2019, net sales were $119.4 million, up 9.0% from $109.6 million in 2018. Net income was $13.0 million, an increase of 10.9% from $11.7 million in the same period a year ago. Net sales for the six months ended June 30, 2019 were $233.3 million, increasing 11.8% from $209 million in 2018. Net income for the six months ended June30, 2019 was $23.9 million, up 49.6% from $16.0 million in 2018.
July 30, 2019 AAON H3 and V3 Series are Winners in ACHR News 2019 Dealer Design Awards
AAON, Inc. was recognized for excellence in product design in the 16th 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 79 entries. The company’s V3 Series 96 Percent High Efficiency Gas Heater Air Handling Unit was the Bronze award winner in the HVAC Light Commercial Equipment, and the H3 Series Energy Recovery Wheel Air Handling Unit was the Bronze award winner in the Ventilation Products. The ACHR News is the leading trade magazine in the heating, ventilating, air conditioning, and refrigeration industries.
July 25, 2019 AAON, Inc. Second Quarter 2019 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.
June 28, 2019 The Longview Economic Development Corporation Approves a Performance Contract with AAON, Inc.
The Longview Economic Development Corporation (LEDCO) Board of Directors voted to approve a performance contract Friday for AAON, Inc. AAON, a world leader in the manufacture of premium HVAC equipment, will relocate the manufacturing of its SA Series self-contained unit product to its facility in Longview, 203 Gum Springs Road. The company will make a capital investment of $28 million, including the construction of a new facility, equipment and the creation of 125 new jobs. The first phase of facility expansion, 195,000 sq. ft., will be completed by October 2020. The ultimate build-out of 422,000 sq. ft. is tentatively scheduled for 2022 completion.
June 5, 2019 AAON Opens Second Parts & Supply Store in Tulsa
AAON, Inc. today announced that a second HVAC parts and supply store has opened in Tulsa, OK. The newly opened AAON Parts & Supply is located on the southwest corner of 51st and Mingo in East Tulsa and features 6,500 sq. ft. of retail space and 10,000 sq. ft. of warehouse space.
May 20, 2019 AAON Announces Semi-Annual Cash Dividend
AAON, Inc. today announced that its Board of Directors has declared its next regular semi-annual cash dividend of $0.16 per share or $0.32 annually. The next cash dividend will be payable on July 1, 2019, to stockholders of record as of the close of business on June 3, 2019.
May 16, 2019 AAON Announces Retirement of Jack Short from Board of Directors
AAON, Inc. announced today that Jack E. Short will retire from the Company’s Board of Directors following the end of his current term at AAON’s 2020 Annual Meeting of Stockholders. Mr. Short decided to not stand for re-election to the Board upon completion of his current term as he decreases his professional commitments. The Company also announced Mr. Short stepped down as Chair of the Company’s Audit Committee, and that Caron Lawhorn was appointed as Chair of the Audit Committee to fill Mr. Short’s vacancy, effective immediately.
May 2, 2019 AAON Reports First Quarter Sales and Earnings
AAON, Inc. today announced its operating results for the first quarter and three months ended March 31, 2019. In the quarter ended March 31, 2019, net sales were $113.8 million, up 14.9% from $99.1 million in 2018. Net income was $10.9 million, an increase of 155.9% from $4.3 million in the same period a year ago. Earnings per diluted share for the three months ended March 31, 2019 were $0.21, an increase of 162.5% from $0.08 in 2018, based upon 52.4 million and 52.9 million shares outstanding at March 31, 2019 and 2018, respectively.
April 25, 2019 AAON, Inc. First Quarter 2019 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.
March 4, 2019 AAON Authorizes $20 Million for Stock Buyback Program
AAON, Inc., today announced that its Board of Directors has authorized the Company to make up to $20.0 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, as well as from time to time in the open market or through privately negotiated transactions at prevailing market prices, depending on market conditions.
February 28, 2019 AAON Reports Fourth Quarter and Full Year 2018 Sales and Earnings
AAON, INC., today announced its results for the fourth quarter and year 2018. Sales in the fourth quarter were $112.3 million, up 7.9% from $104.2 million in 2017. Net income for the fourth quarter was $12.5 million, a decrease of 20.5% from $15.8 million in the same period a year ago. The fourth quarter of 2017 had a benefit of $4.4 million related to the enactment of the Tax Cuts and Jobs Act. Sales for the year 2018 reached a record level, $433.9 million, representing a gain of 7.1% compared to $405.2 million in 2017. Net income for 2018 was $42.6 million, a decrease of 21.9% compared to $54.5 million in 2017.
February 21, 2019 AAON, Inc. Fourth Quarter and Full Year 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.
February 6, 2019 AAON Hosts ASHRAE President Sheila Hayter to the new Norm Asbjornson Innovation Center Research and Development Laboratory
AAON, Inc.,welcomed ASHRAE President Sheila Hayter to the new Norm Asbjornson Innovation Center Research and Development Laboratory (NAIC). Hayter toured the NAIC and was introduced to its industry leading testing capabilities.
January 29, 2019 AAON Increases Board Size and Appoints Caron Lawhorn as an Independent Director
AAON, Inc., today announced that its Board of Directors has increased the size of the Board from 7 to 8 members and appointed Caron A. Lawhorn as an independent director to fill the vacancy created by the increase in size.