AAON Q2 Sales Double to $627M, Guidance Raised Despite Margin Trim
AAON sits 71% above its 52-week low of $62.
Summary
AAON delivered a blowout Q2: sales more than doubled to $627M, crushing the $492M consensus, while adjusted EPS surged 214% to $0.69. The company raised its full-year sales growth outlook to 55-60% from 40-45%, driven by robust demand across AAON and BASX brands, particularly from data center investments. However, gross margin guidance was trimmed to 25-26% from 27-28%, reflecting near-term cost pressures, though management expects sequential improvement in H2 as operational actions take hold. This follows the strong Q1 results and a $100M buyback authorization in May, reinforcing a powerful turnaround narrative. The stock, which closed at $94.83 on August 7, now trades at a lower forward P/E of 33x versus 40x three months ago, suggesting room for multiple expansion if execution continues.
At the time of this announcement, AAON was trading at $105.99 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $7.8B. The 52-week trading range was $62.00 to $150.46. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.