secwatch.observer — SEC 8-K summary
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Issuer:     AAON, INC. (AAON)
CIK:        0000824142
Form:       8-K
Filed at:   2026-11-09T21:09:18+00:00
Accession:  0000824142-26-000083
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 4.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

AAON Q3 sales up 84.1% to $707.4M, EPS $0.83; restates H1 2026, discloses material weakness, raises FY26 outlook
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- Q3 net sales record $707.4M, +84.1% YoY; BASX-branded sales $397.2M (+218.3%), AAON-branded $310.2M (+19.6%).
- Operating income $100.0M (+129.3%); GAAP and adjusted diluted EPS $0.83 (+124.3%); gross margin 26.7% vs 27.8% a year ago, up 60 bps sequentially.
- Restated Q1/Q2 2026: Q1 net income cut $3.4M to $36.5M; H1 net income raised $7.1M to $103.6M; first-half sales +$10.7M, diluted EPS +$0.09.
- Material weakness in internal controls tied to percent-of-completion revenue and software subscription accounting; no fraud found; remediation underway.
- FY26 outlook raised to 72%-75% sales growth (from 55%-60%); total backlog $1.9B, +40.5% YoY but -5.9% QoQ; YTD operating cash flow $146.9M vs -$18.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/824142/000082414226000083/0000824142-26-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/824142/000082414226000083/aaon-20261109.htm
  HTML page:      https://secwatch.observer/filing/0000824142-26-000083

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