Education
About Us
Working with TipRanks
Follow Us
Aaon Inc (AAON)
NASDAQ:AAON
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.46Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -26.24%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong bookings and backlog driven by the Basics brand and data center equipment. However, the call also highlighted significant challenges in the AAON Oklahoma segment, declining sales, and reduced profitability. The company's strategic investments and reorganization are positioned to support future growth, but current operational challenges and fiscal performance issues are notable concerns.Company Guidance
During the AAON, Inc. Fourth Quarter 2024 earnings conference call, the company provided guidance for 2025, anticipating sales growth in the mid to high teens with a gross margin similar to 2024. Specific challenges were addressed, such as the impacts of the refrigerant transition and operational inefficiencies, which affected gross profit margins that decreased to 26.1% from 36.4% the previous year. The call highlighted significant backlog growth, which finished 2024 up by 70%, driven by a large $200 million-plus order for data center equipment. The company expects a substantial portion of this backlog to convert to revenue in 2025, positioning them for accelerated growth. Capital expenditures are projected at approximately $220 million, with a focus on ramping up the new Memphis facility. Despite the challenges, AAON remains optimistic about the fundamentals of both its AAON and Basics brands, driven by strong demand in the data center market and innovations in heat pump technology.Record Bookings and Backlog
Bookings were up approximately 62%, with year-end backlog finishing up 70% to $867.1 million, primarily driven by data center equipment orders.
Basics Brand Success
Net sales of Basics branded equipment were up 35.1%, with data center equipment sales up approximately 85% and bookings up approximately 100%.
AAON Coil Products Segment Growth
The AAON Coil Products segment realized growth of 129.9% despite challenges in other segments.
Strong Strategic Position
The company is positioned for long-term growth with investments in new facilities and a strategic reorganization to support increased capacity.
---
AAON Earnings History
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 |
|---|---|---|---|
| Feb 27, 2025 | $102.02 | $78.64 | -22.92% |
| Nov 07, 2024 | $119.03 | $138.16 | +16.07% |
| Aug 01, 2024 | $86.78 | $85.65 | -1.30% |
| May 02, 2024 | $90.65 | $78.20 | -13.73% |
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 May 01, 2025, TBA Not Confirmed.
What is Aaon Inc (AAON) earnings time?
Aaon Inc (AAON) earnings time is at May 01, 2025, TBA Not 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 (Q1) is 0.23.
---