Aaon ( (AAON) ) just unveiled an announcement.
On February 27, 2025, AAON announced its fourth quarter and full year 2024 financial results, highlighting a 2.9% decrease in net sales for the quarter compared to the previous year. Despite challenges such as an industry-regulated refrigerant transition and weakened nonresidential construction activity, the company saw significant growth in its BASX brand, which impacted the data center market with a new liquid cooling solution. The company’s total backlog increased by 70% from the end of 2023, and production capacity was expanded with new facilities in Texas and Tennessee. However, the AAON Oklahoma segment experienced a 16.1% decline in sales due to macroeconomic conditions and the refrigerant transition. The company also announced a $100 million share repurchase program, indicating confidence in its market position.
More about Aaon
AAON, Inc. is a leading producer of premium HVAC solutions, focusing on the development and sale of custom-designed cooling solutions, particularly for data centers.
YTD Price Performance: -13.50%
Average Trading Volume: 594,169
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.29B
For a thorough assessment of AAON stock, go to TipRanks’ Stock Analysis page.