AAON Selects a Lower Global Warming Potential R-454B Refrigerant To Replace R-410A in its Product Lines

11/29/2022

Tulsa, OK, November 29, 2022 - AAON, Inc. (NASDAQ: AAON), a leader in innovation and production of premium-quality, high-performance, and energy-efficient HVAC products for commercial, and industrial buildings, announces that it has selected the lower Global Warming Potential (GWP) R-454B refrigerant, replacing R-410A in its products.

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AAON Increases Semi-Annual Cash Dividend & Authorizes $50 Million for Stock Buyback Program

11/08/2022

TULSA, OK, November 8, 2022 – AAON, Inc. (NASDAQ:  AAON) (“AAON” or the “Company”), today announced that its Board of Directors has declared the Company’s next regular semi-annual cash dividend of $0.24 per share (or $0.48 annually), an increase of 26%, payable on December 16, 2022 to stockholders of record as of the close of business on November 28, 2022.

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AAON Reports Record Sales, Earnings & Backlog for the Third Quarter of 2022

11/07/2022

TULSA, OK, November 7, 2022 - 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 third quarter of 2022.

Net sales for the third quarter of 2022 increased 75.1% to a record $242.6 million from $138.6 million in the third quarter of 2021. Organic volume growth and product mix contributed approximately 26.9% to year over year growth. Volume growth reflected the Company's strong backlog and a third straight quarter of record production. In addition to volume, pricing contributed 24.4% of growth and the acquisition of BasX contributed 23.8% of growth. Similar to the legacy business, BasX performed extremely well in the quarter. BasX realized record sales and EBITDA, while increasing its backlog 33.8% compared to the end of the second quarter of 2022.

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