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AAON's Backlog Surges 70% to $867 Million on Data Center Demand

AAON10-KFiling Date: 2/27/2025
AAON, Inc.
Description

What this story covers

AAON, Inc. reported 2024 net sales of $1.2 billion, up 2.7%, driven by 35% BASX growth in data centers offsetting construction slowdowns. Gross margins held at 33.1%, with operating cash flow rising 21% to $192.5 million funding $213 million capex. Backlog hit $867 million for future visibility. R&D investments advance efficiency amid regulatory shifts, while low leverage and buybacks support shareholder returns in a resilient HVAC strategy.

Story snapshot

CompanyAAON, Inc.
TickerAAON
VariantStandard detailed
Duration14:09
Filing type10-K
PeriodAnnual 2024
IndustryIndustrials & Manufacturing
Accession0000824142-25-000039

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