AAON (AAON) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 This call is being recorded on Thursday, 05/01/2025. I would now like to turn the conference over to Joe Mondillo, Director of Investor Relations. Please go ahead. Speaker1 Thank you, operator, and good morning, everyone. The press release announcing our first quarter financial results was issued earlier this morning and can be found on our corporate website, aaon.com. The call today is accompanied with a presentation that you can also find ...

Exhibit 99.1 AAON REPORTS SALES & EARNINGS FOR THE FIRST QUARTER OF 2025 TULSA, Okla., April 30, 2025 - AAON, INC. (NASDAQ-AAON), a leader in high-performing, energy-efficient HVAC solutions that bring long-term value to customers and owners, today announced its results for the first quarter of 2025. Gary Fields, CEO, stated, "We had a strong first quarter. Net sales, gross margin and earnings all experienced quarter-over-quarter improvement. Production of BASX-branded equipment made solid progress as we ac ...

Q1 2025 Earnings Conference Call The Company's forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control) and assumptions that could cause actual future results to differ materially from the Company's historical experience and its present expectations or projections. Important factors that could cause results to differ materially from those in the forward-looking statements include (1) the timing and extent of changes in raw materials and componen ...

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 March 31, 2025 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 (Exact name of registrant as specified in its charter) (Address of principal executive offic ...

TULSA, Okla., April 30, 2025 /PRNewswire/ -- AAON, INC. (NASDAQ-AAON), a leader in high-performing, energy-efficient HVAC solutions that bring long-term value to customers and owners, today announced its results for the first quarter of 2025.Gary Fields, CEO, stated, "We had a strong first quarter. Net sales, gross margin and earnings all experienced quarter-over-quarter improvement. Production of BASX-branded equipment made solid progress as we accelerated backlog conversion, utilizing all four of our majo ...

Company Overview - AAON, Inc. is a global leader in HVAC solutions for commercial, industrial, and data center indoor environments, founded in 1988 [3] - The company designs and manufactures highly configurable and custom-made equipment, enhancing efficiency, performance, and long-term value [3] - AAON's products are marketed under the AAON and BASX brands, with headquarters in Tulsa, Oklahoma, featuring an innovation center and testing lab [3] Upcoming Event - AAON will present at the Sidoti Spring 2025 Small-Cap Conference on March 20, 2025, at 11:30 AM (ET) [1] - Key executives participating in the presentation include CEO Gary Fields, CFO Rebecca Thompson, President and COO Matt Tobolski, and Director of Investor Relations Joseph Mondillo [1] - Presentation materials will be available on the AAON website [1]

Core Insights - AAON, Inc. has announced a 25% increase in its quarterly dividend and a new $30 million share repurchase program, aimed at enhancing shareholder value during a period of market uncertainty [1][2][5] - The company's actions reflect confidence in its financial position and prospects, which may positively influence investor sentiment and stock price [1][8] Dividend and Share Repurchase - The quarterly cash dividend has been raised from $0.08 to $0.10 per share, resulting in an annual dividend of $0.40, up from $0.32 [2][3] - AAON's current dividend yield stands at approximately 0.39%, with an annualized three-year dividend growth rate of 8.10% [2][3] - The dividend payout ratio is 15.92%, indicating sustainability and potential for future growth [4] - The new $30 million share repurchase program is part of a larger $100 million initiative, demonstrating a commitment to rewarding shareholders through buybacks [5][6] Financial Health and Growth Prospects - AAON reported a backlog of $867.1 million as of December 31, 2024, reflecting a 70% year-over-year increase, which provides a solid revenue pipeline [9] - The company is strategically positioned in the growing data center market, enhancing its revenue potential [10] - Recent investments in capacity expansion, including a new facility in Memphis, Tennessee, indicate proactive measures to meet anticipated demand [11] - AAON's financial metrics include a strong current ratio of 3.06 and a low debt-to-equity ratio of 0.07, showcasing liquidity and a conservative capital structure [12] Market Performance and Analyst Sentiment - AAON has a consensus rating of Buy from analysts, with an average price target of $115.50, suggesting a potential upside of approximately 41% from a recent stock price of around $80 [8][18] - Despite a recent stock price decline of over 33% year-to-date and a 52-week low of $69.52, the company’s fundamentals remain strong [14][15] - The recent quarterly earnings report showed an EPS of $0.30 and revenue of $297.7 million, both of which fell short of analyst expectations due to industry-specific challenges [15]

Company Overview - AAON, Inc. is a leader in HVAC solutions for commercial and industrial indoor environments, founded in 1988 [2] - The company focuses on designing and manufacturing highly configurable equipment to enhance efficiency, performance, and long-term value [2] - AAON is headquartered in Tulsa, Oklahoma, featuring a world-class innovation center and testing capabilities aimed at advancing sustainability [2] Dividend Announcement - The Board of Directors has declared a quarterly cash dividend of $0.10 per share, which represents a 25% increase from previous dividends [1] - The next cash dividend will be payable on March 28, 2025, to stockholders of record as of March 18, 2025 [1]

Core Points - AAON, Inc. has announced a $30 million share repurchase as part of a previously disclosed $100 million share repurchase program [1] - The repurchases will be conducted according to pre-arranged stock repurchase plans under Rule 10b-18 of the Securities Exchange Act of 1934 [1] - The timing, number, and value of shares repurchased will depend on market conditions, share price, trading volume, and other factors [1] Company Overview - AAON, Inc. was founded in 1988 and is a leader in HVAC solutions for commercial and industrial indoor environments [2] - The company focuses on designing and manufacturing highly configurable equipment to enhance efficiency, performance, and long-term value [2] - AAON is headquartered in Tulsa, Oklahoma, and has a world-class innovation center and testing capabilities aimed at advancing toward a cleaner and more sustainable future [2]

Core Viewpoint - AAON Inc's shares were previously considered overvalued, indicating a need for valuation adjustment [1] Company Analysis - AAON Inc has been monitored for an extended period, with insights shared regarding its stock pricing and valuation [1] - The company is characterized by disciplined capital allocation and exceptional returns on capital, which are key factors for long-term investment [1]