Inferra AI / Company / AAON

Aaon, Inc.

AAON · Industrials

Last earnings Aug 10, 2026

Key results

GAAP EPSquarter

$0.19

GAAP diluted EPS of $0.19 down 69.4% and Non-GAAP adjusted

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Revenuequarter

18.0%

The year-over-year decline was driven by the AAON Oklahoma segment, which realized an 18.0% decrease in net sales.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Non-GAAP adjusted EPSquarter

$0.22

Non-GAAP adjusted diluted earnings per share were $0.22, down year-over-year 64.5%.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Gross marginquarter

27.5%

Gross margin contracted 970 basis points to 27.5%, from 37.2% in the second quarter of 2024.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Gross margin contracted 1,990 basis points year-over-year to 22.0%.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

AI analysis

Q2 2025 · reported Aug 11, 2025

Based on: Earnings release + parent 8-K — transcript not held

GAAP EPS · Q2 2025

$0.19

EX-99 · Aug 11, 2025

Gross margin · Q2 2025

27.5%

EX-99 · Aug 11, 2025

Non-GAAP adjusted EPS · Q2 2025

$0.22

EX-99 · Aug 11, 2025

Headline figures

Metric	Q2 2025	Prior qtr	Year ago
GAAP EPS	$0.19	—	—
Revenue	18.0%	—	—
Non-GAAP adjusted EPS	$0.22	—	—
Gross margin	27.5%	—	—

EX-99 · Aug 11, 2025

Guidance · company-stated

Direction: Lowered

Revenue$311.6 million

“htm EX-99.1 Document Exhibit 99.1 AAON Reports Second Quarter 2025 Results Q2 Highlights (All comparisons are year-over-year, unless otherwise noted) Operations impacted by ERP roll out and supply constraints Net sales down 0.6% to $311.6 million GAAP diluted EPS of $0.19 down 69.4% and Non-GAAP adjusted diluted EPS of $0.22 down 64.5% Non-GAAP Adjusted EBITDA margin down 1,120 basis points to 14.9% Strong bookings trends of both AAON- and BASX-branded equipment points to share gains continuing Adjusted backlog up year-over-year 71.9% to $1.12 billion Reducing full-year 2025 outlook TULSA, Okla.”

Company outlook — Lowered

“That said, while we are encouraged by recent improvements, we are revising our previous expectations downward for the second half of the year, as reflected in our updated full-year 2025 outlook.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin27.5%

Capital allocation

Capex$220.0M

Balance Sheet Cash Flow As of June 30, 2025, the company had cash, cash equivalents and restricted cash of $1.3 million and a balance on its revolving credit facility of $317.3 million.

Company-stated claims

Aug 10, 2026

Historical · increased 101.2% · revenue

“Second Quarter 2026 Results Net sales for the second quarter of 2026 increased 101.2% to a record $627.0 million, compared with $311.6 million in the second quarter of 2025.”

EX-99 · Aug 10, 2026

Aug 10, 2026

Historical · increased 192.1% · income

“Operating income increased 192.1% to $68.9 million, compared with $23.6 million in the prior-year period.”

EX-99 · Aug 10, 2026

Aug 10, 2026

Historical · increased 213.6% · eps

“Adjusted non-GAAP EPS increased 213.6% to $0.69, which includes a $1.4 million infrequent expense related to an incentive fee associated with our Memphis, Tenn.”

EX-99 · Aug 10, 2026

Aug 10, 2026

Historical · increased 185.4% · subscribers_users

“BASX-branded backlog increased 185.4% year-over-year, reflecting continued customer investment activity in data center infrastructure and the value customers place on BASX's custom-engineered solutions.”

EX-99 · Aug 10, 2026

Aug 10, 2026

Historical · increased 130.1% · other

“Gross profit increased 130.1% to $23.5 million , compared with $10.2 million in the prior-year period.”

EX-99 · Aug 10, 2026

Aug 10, 2026

Historical · increased 244.2% · other

“Gross profit increased 244.2% to $65.3 million, compared with $19.0 million in the prior-year period.”

EX-99 · Aug 10, 2026

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Second Quarter 2025 Results Net sales for the second quarter of 2025 decreased 0.6% to $311.6 million, from $313.6 million in the second quarter of 2024

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

Direction: Lowered

Revenue: “htm EX-99.1 Document Exhibit 99.1 AAON Reports Second Quarter 2025 Results Q2 Highlights (All comparisons are year-over-year, unless otherwise noted) Operations impacted by ERP roll out and supply constraints Net sales down 0.6% to $311.6 million GAAP diluted EPS of $0.19 down 69.4% and Non-GAAP adjusted diluted EPS of $0.22 down 64.5% Non-GAAP Adjusted EBITDA margin down 1,120 basis points to 14.9% Strong bookings trends of both AAON- and BASX-branded equipment points to share gains continuing Adjusted backlog up year-over-year 71.9% to $1.12 billion Reducing full-year 2025 outlook TULSA, Okla.”

Revenue — Lowered (“Reducing”)
“htm EX-99.1 Document Exhibit 99.1 AAON Reports Second Quarter 2025 Results Q2 Highlights (All comparisons are year-over-year, unless otherwise noted) Operations impacted by ERP roll out and supply constraints Net sales down 0.6% to $311.6 million GAAP diluted EPS of $0.19 down 69.4% and Non-GAAP adjusted diluted EPS of $0.22 down 64.5% Non-GAAP Adjusted EBITDA margin down 1,120 basis points to 14.9% Strong bookings trends of both AAON- and BASX-branded equipment points to share gains continuing Adjusted backlog up year-over-year 71.9% to $1.12 billion Reducing full-year 2025 outlook TULSA, Okla.”

Company outlook — Lowered (“downward”)
“That said, while we are encouraged by recent improvements, we are revising our previous expectations downward for the second half of the year, as reflected in our updated full-year 2025 outlook.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Balance Sheet Cash Flow As of June 30, 2025, the company had cash, cash equivalents and restricted cash of $1.3 million and a balance on its revolving credit facility of $317.3 million.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Rebecca Thompson, CFO and Treasurer, commented, During the quarter, we closed on our new $500.0 million credit facility, giving us the liquidity needed for continued investments in our growth.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

We remain unchanged in our capital expenditure plans to invest $220.0 million in 2025.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Strategy & priorities

Notably, our national accounts strategy has gained significant traction, with growth from these customers leading all AAON-branded order activity.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

To sustain this momentum and best serve our customers, our top priority is increasing production across our Tulsa, Longview, and Memphis facilities by enhancing operational execution and mitigating the impact of any remaining inefficiencies related to the ERP implementation.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Our continued backlog growth and order activity of this equipment indicate we are capturing meaningful market share as customers prioritize performance, efficiency, and reliability in their infrastructure expansions.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Contact Information Joseph Mondillo Director of Investor Relations Corporate Strategy Phone (617) 877-6346 Email joseph.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Risks & headwinds

While the implementation has presented short-term challenges, we 1 remain fully committed to this investment and confident in the long-term value it will bring to our operations.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Despite the challenges at Tulsa, we have seen steady month-to-month improvement since April, culminating in July our strongest production month of the year.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

At Longview, while the challenges have been more pronounced, we have also made significant improvement.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

In closing, while recent performance has not met our standards, these challenges are temporary.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Despite these challenges, production has steadily improved month-over-month since March, demonstrated by the sequential increase in this segments's gross profit margin.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict.

SEC original ↗Aaon, Inc. — Earnings release (8-K exhibit)EX-99Aug 11, 2025

Documents

Earnings deck slides

0 decks with slide view

Aaon, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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