secwatch.observer — SEC 8-K summary
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Issuer:     AAON, INC. (AAON)
CIK:        0000824142
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0000824142-25-000122
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AAON Q1 net sales up 22.9% to $322.1M; EPS falls 23.9% to $0.35; backlog record $1.0B
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- Net sales $322.1M (+22.9% YoY); BASX-branded sales surged 374.8% to $132.6M.
- GAAP EPS $0.35 vs $0.46 YoY; adjusted EPS $0.37; net income down 24.9% to $29.3M.
- Gross margin contracted to 26.8% from 35.2% due to AAON Oklahoma segment supply chain issues with R454B refrigerant components.
- Total backlog reached a record $1.0B, up 83.9% YoY, driven by data center demand for BASX air-side and liquid cooling equipment.
- AAON-branded equipment bookings rebounded strongly; backlog highest since Q1 2023, up 44.9% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/824142/000082414225000122/0000824142-25-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/824142/000082414225000122/aaon-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000824142-25-000122

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer