---
schema_version: "secwatch.filing_event.v1"
accession: "0000824142-25-000197"
form_type: "8-K"
ticker: "AAON"
cik: "0000824142"
company_name: "AAON, INC."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-17T00:06:17.345461+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AAON Q3 net sales +17.4% to $384.2M; GAAP EPS $0.37 (-41.3% YoY); backlog record $1.32B

## Summary
- Net sales $384.2M (+17.4% YoY); BASX sales $124.8M (+95.8%) on data center demand; AAON-branded down 1.5% to $259.5M.
- GAAP diluted EPS $0.37, down 41.3% YoY but up 94.7% sequentially; gross margin 27.8% vs 34.9% YoY, improved from 26.6% Q2.
- Record backlog $1.32B (+103.8% YoY, +18.1% sequentially); BASX backlog +119.5% YoY; AAON backlog +77.1% YoY.
- FY25 outlook: YoY sales growth raised to mid-teens from low teens; gross margin guidance narrowed to 28.0%-28.5% from 28.0%-29.0%.
- Cash $2.3M; revolver balance $360.1M; CFO expects positive operating cash flow in Q4; capex plan $180M in 2025.

## SEC filing metadata
- accession: 0000824142-25-000197
- form_type: 8-K
- ticker: AAON
- cik: 0000824142
- company_name: AAON, INC.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/824142/000082414225000197/0000824142-25-000197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/824142/000082414225000197/aaon-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000824142-25-000197
- JSON: https://secwatch.observer/filing/0000824142-25-000197.json
- Plain text: https://secwatch.observer/filing/0000824142-25-000197.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.