Aaon Inc

Latest Results (13.11.2025):

AAON Inc’s third quarter 2025 financial report shows strong growth and operational improvements, with net sales reaching $384.2 million – a 17.4% increase year-over-year. Despite a GAAP diluted EPS of $0.37, which represents a 41.3% decline year-over-year, the sequential quarter gains of 94.7% highlight the company's momentum. The report underscores significant order bookings, a record backlog of $1.32 billion, and continued progress in ERP integration and production efficiency across its AAON and BASX brands.

Revenue and Earnings

Net sales increased 17.4% year-over-year to $384.2 million while GAAP diluted EPS improved sequentially by 94.7% despite a 41.3% decline compared to Q3 2024, reflecting challenges from ERP implementation and cost factors.

Operational Improvements

AAON Inc reported improved production throughput and operational gains, notably at its Tulsa and Longview facilities. These enhancements, driven by effective ERP system integration, have resulted in increased AAON-branded sales sequentially by 28.1%.

Backlog and Bookings

The company achieved a record backlog of $1.32 billion, up 103.8% year-over-year and 18.1% sequentially, with BASX-branded backlog driving significant growth. National account bookings increased markedly, reflecting AAON’s continued market share gains.

Segment Performance

The AAON Oklahoma segment saw a 4.3% increase in net sales, supported by enhanced production, while the AAON Coil Products segment benefited from a nearly doubling of net sales year-over-year due to strong BASX-branded liquid cooling equipment demand. The BASX segment also delivered a 19.2% increase in net sales, powered by robust data center equipment demand.

Balance Sheet and Outlook

With $2.3 million in cash and a revolving credit facility of $360.1 million as of September 30, 2025, AAON Inc’s financial position remains solid. The company anticipates a significant turnaround in operating cash flow in Q4 2025 and plans substantial capital expenditure investments to further boost production capacity and operational efficiency.