secwatch.observer — SEC 8-K summary
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Issuer:     AAON, INC. (AAON)
CIK:        0000824142
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0000824142-25-000197
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/824142/000082414225000197/0000824142-25-000197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/824142/000082414225000197/aaon-20251106.htm
  HTML page:      https://secwatch.observer/filing/0000824142-25-000197

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