The earnings call reflects a mixed performance for AAON, Inc. Significant sales growth and a record backlog, driven by BASX-branded equipment, are notable positives. However, these are offset by challenges in the AAON-branded segment, including declining sales, gross margin contraction, and supply chain issues related to refrigerant transition. Despite operational efficiencies and new product introductions, the financial strain from increased SG&A expenses and lower EPS suggests a cautious outlook.

Company Guidance -

Q2 2025

During the first quarter of 2025, AAON, Incorporated reported strong financial performance with a 22.9% year-over-year increase in net sales, reaching $322.1 million. This growth was primarily driven by a remarkable 374.8% surge in BASX-branded equipment sales, while AAON-branded equipment sales declined by 19.1%. The total backlog reached a record $1 billion, up 83.9% year-over-year. Gross profit decreased by 6.4% to $86.4 million, with gross margins contracting due to lower production volumes of AAON-branded rooftop units. However, segment margins improved in the AAON Coil Products and BASX segments, with increases of 100 and 350 basis points, respectively. Diluted earnings per share stood at $0.35, down 23.9% from the previous year, with an effective tax rate of 9.8%. The company maintained its full-year outlook, anticipating mid- to high-teens sales growth and capital expenditures of $220 million.

Record Sales Growth

Total net sales grew year-over-year 22.9% to $322.1 million, driven by a 374.8% increase in BASX-branded equipment sales.

Strong Backlog

Total backlog finished the quarter at a record level of $1 billion, up year-over-year 83.9% and up quarter-over-quarter 18.4%.

Operational Efficiency in BASX and AAON Coil Products

Gross margin at the BASX and AAON Coil Products segments expanded by 350 and 100 basis points, respectively, due to operational efficiency improvements.

Positive Booking Trends

Bookings of both AAON-branded and BASX-branded equipment were robust, with backlog of AAON-branded equipment up quarter-over-quarter 23.4%.

Introduction of New Products

Introduction of the next generation Alpha Class series heat pump, operable down to negative 20 degrees Fahrenheit, meeting DOE's commercial heat pump challenge two years in advance.

Aaon (AAON) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AAON Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 11, 2025	2025 (Q2)	0.33 / -	0.62	―	―	―
May 01, 2025	2025 (Q1)	0.24 / 0.37	0.46	-19.57% (-0.09)
Feb 27, 2025	2024 (Q4)	0.53 / 0.30	0.56	-46.43% (-0.26)
Nov 07, 2024	2024 (Q3)	0.57 / 0.63	0.64	-1.56% (-0.01)
Aug 01, 2024	2024 (Q2)	0.52 / 0.62	0.547	13.35% (+0.07)
May 02, 2024	2024 (Q1)	0.48 / 0.46	0.447	2.91% (+0.01)
Feb 28, 2024	2023 (Q4)	0.53 / 0.56	0.473	18.39% (+0.09)
Nov 06, 2023	2023 (Q3)	0.55 / 0.64	0.34	88.24% (+0.30)
Aug 03, 2023	2023 (Q2)	0.43 / 0.55	0.2	173.50% (+0.35)
May 04, 2023	2023 (Q1)	0.35 / 0.45	0.22	103.18% (+0.23)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AAON Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 01, 2025	$91.17	$96.36	+5.69%
Feb 27, 2025	$101.79	$78.46	-22.92%
Nov 07, 2024	$118.76	$137.85	+16.07%
Aug 01, 2024	$86.58	$85.46	-1.29%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Aaon Inc (AAON) report earnings?

Aaon Inc (AAON) is schdueled to report earning on Aug 11, 2025, TBA (Confirmed).

What is Aaon Inc (AAON) earnings time?

Aaon Inc (AAON) earnings time is at Aug 11, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is AAON EPS forecast?

AAON EPS forecast for the fiscal quarter 2025 (Q2) is 0.33.

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