Appointed
Matt J. Tobolski
President and CEO
AAON ·
AAON, INC.
Matt J. Tobolski, PhD, 41, was appointed as President and CEO, effective May 13, 2025.
Ready 8-Ks
50
Latest filing
June 8, 2026, 3:51 PM ET
Top materiality
0.90
Event mix
earnings ×14 · dividend ×12 · leadership ×9
Sentiment
18 pos · 2 neg · 30 neu
Latest earnings
reported 2026-Q1
Executive change
recent →
Recent 8-K filings for AAON
Highest-materiality recent filing
AAON Q1 sales $496.9M record, EPS $0.48 +37%, backlog $2.13B, raises FY guidance
- Net sales rose 54.3% to $496.9M; GAAP diluted EPS $0.48 (+37.1% YoY).
- Backlog $2.13B, +107.4% YoY; BASX-brand backlog up 160% driven by data center demand.
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AAON presents at William Blair conference; no financial updates in filing
CEO Matt Tobolski and CFO Andy Cheung presented at William Blair Growth Stock Conference on June 2, 2026.
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AAON declares $0.10 quarterly dividend; board increase to 11 approved
Quarterly cash dividend of $0.10 per share ($0.40 annualized), payable June 26, 2026 to holders of record June 5, 2026.
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AAON Q1 sales $496.9M record, EPS $0.48 +37%, backlog $2.13B, raises FY guidance
Net sales rose 54.3% to $496.9M; GAAP diluted EPS $0.48 (+37.1% YoY).
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AAON appoints Andy Cheung as CFO, Rebecca Thompson as CAO, and Luke Bomer as General Counsel
Andy Cheung joins as EVP and CFO on April 20, 2026; Rebecca Thompson transitions to Chief Accounting Officer.
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AAON declares $0.10 quarterly dividend payable March 30, 2026
Quarterly cash dividend of $0.10 per share ($0.40 annually) declared.
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AAON Q4 net sales +42.5% to $424.2M; EPS $0.39; backlog record $1.83B; $100M buyback authorized
Q4 net sales $424.2M (+42.5% YoY); GAAP diluted EPS $0.39 (+30% YoY).
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AAON exercises accordion feature, increases credit facility to $600M to support growth
Effective December 29, 2025, AAON increased its revolving credit facility from $500M to $600M via existing accordion feature.
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AAON Announces Promotion of Doug Wichman to EVP & General Manager
Doug Wichman promoted to Executive Vice President and General Manager of AAON business unit effective January 1, 2026.
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AAON declares regular quarterly cash dividend of $0.10 per share
Quarterly dividend of $0.10 per share ($0.40 annualized) declared.
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AAON Q3 net sales +17.4% to $384.2M; GAAP EPS $0.37 (-41.3% YoY); backlog record $1.32B
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.
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AAON presents at D.A. Davidson conference; no new material disclosures in filing text
Company participated in D.A. Davidson Diversified Industrials & Services Conference on September 18, 2025.
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AAON declares $0.10 quarterly dividend ($0.40 annual), payable Sept 26, 2025
Board declared regular quarterly cash dividend of $0.10 per share.
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AAON Q2 2025 GAAP EPS $0.19 (-69% YoY); revenue $311.6M (-0.6%); cuts FY25 outlook
GAAP diluted EPS $0.19, down 69.4% YoY; adjusted diluted EPS $0.22, down 64.5%.
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AAON Principal Accounting Officer resigns; CFO to assume duties on interim basis
Christopher D. Eason, Principal Accounting Officer, notified resignation effective September 1, 2025.
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AAON holds Investor Day; no material financial updates disclosed
AAON hosted Investor Day on June 10, 2025 at NASDAQ MarketSite in New York.
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AAON upsizes revolving credit facility to $500M, extends maturity to 2030
Revolving commitment increased from $230M to $500M; maturity extended from May 2027 to May 27, 2030.
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AAON CEO succession effective May 13; Tobolski appointed director; $0.10 quarterly dividend declared
Matt Tobolski, 41, appointed President & CEO effective May 13, 2025; Gary Fields becomes special advisor, remains on board.
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AAON Q1 net sales up 22.9% to $322.1M; EPS falls 23.9% to $0.35; backlog record $1.0B
Net sales $322.1M (+22.9% YoY); BASX-branded sales surged 374.8% to $132.6M.
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AAON management to present at Sidoti Spring 2025 Small-Cap Conference on March 20
CEO Gary Fields, CFO Rebecca Thompson, President Matt Tobolski, and IR Director Joseph Mondillo to present virtually at 11:30 AM ET on March 20, 2025.
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AAON increases quarterly dividend 25% to $0.10/share; payable March 28
Quarterly cash dividend raised 25% to $0.10 per share ($0.40 annualized).
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AAON authorizes $30M in additional share repurchases under existing $100M program
Board of Directors authorized $30M of share repurchases under the previously disclosed $100 million buyback program.
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AAON Q4 EPS $0.30 down 46%; backlog up 70%; authorizes $100M buyback
Q4 net sales $297.7M (-2.9% YoY); diluted EPS $0.30 vs $0.56 (-46.4%).
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AAON CEO Gary Fields steps down; Matt Tobolski to become CEO effective May 13, 2025
Gary Fields transitions to special advisor to the Board after serving as CEO since May 2020.
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AAON enters $80M term loan to fund Memphis plant expansion; revolver reassigned
$80M term loan added to existing $200M revolver; maturity Dec 16, 2029.
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AAON realigns executive leadership; Wakefield to lead AAON unit, Shaub to lead BASX
Stephen Wakefield promoted to EVP & General Manager of AAON products unit; Matt Shaub named EVP & GM of BASX products unit, effective Jan 1, 2025.
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AAON declares $0.08 quarterly dividend, payable Dec 19, 2024
Regular quarterly cash dividend of $0.08 per share ($0.32 annually) declared.
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AAON Q3 2024 sales hit record $327M; EPS up 8.6% to $0.63; gross margin contracts 230bps
Net sales $327.3M (+4.9% YoY) record; BASX +58.8%, Coil Products +36.7%, Oklahoma -7.1%.
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AAON wins $174.5M data center liquid cooling order; delivery in H1 2025
Orders from one data center customer total ~$174.5M for custom thermal management systems supporting liquid cooling.
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AAON declares $0.08 quarterly dividend, payable Sept 27, 2024
Dividend of $0.08 per share ($0.32 annually) declared by Board.
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AAON Q2 2024 record sales $313.6M (+10.4% YoY), EPS $0.62 (+12.7%)
Net sales record $313.6M, up 10.4% YoY; diluted EPS $0.62, up 12.7%.
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AAON completes two $50M share repurchase programs in 2024, repurchasing ~1.35M shares
First program repurchased 671,230 shares at avg $74.49; second repurchased 682,334 shares at avg $73.28.
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AAON projects flattish 2024 with robust growth returning 2025-2027; 2023 revenue $1.2B, EPS $2.13
2023 revenue $1.2B (+31.4% YoY), diluted EPS $2.13 (+71.8%), EBITDA margin 23.5%.
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AAON authorizes $50M share repurchase program
Board authorized up to $50.0 million in share repurchases under a new program.
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AAON declares $0.08 quarterly dividend; authorized shares doubled to 200M
Regular quarterly cash dividend of $0.08 per share ($0.32 annual), payable June 28, 2024 to holders of record June 7, 2024.
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AAON Q1 net sales down 1.4% to $262.1M; EPS $0.46, up from $0.44; gross margin expands to 35.2%
Net sales $262.1M vs $266.0M YoY (-1.4%); volume -5.7%, price +4.3%.
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AAON declares $0.08 quarterly dividend; boosts share repurchase authorization by $25M to $50M
Regular quarterly dividend of $0.08 per share ($0.32 annual), payable March 29, 2024 to holders of record March 18, 2024.
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AAON Q4 net sales up 20.4% to record $306.6M; EPS $0.56 vs $0.47 YoY
Q4 net sales $306.6M (+20.4% YoY); organic volume growth ~9.3%.
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AAON declares $0.08 quarterly dividend, payable Dec 18, 2023
Quarterly cash dividend of $0.08 per share ($0.32 annualized) declared by Board.
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AAON appoints Matt Tobolski as President and COO effective Jan 1, 2024; other exec roles realigned
Matt Tobolski (President of BasX unit) becomes President and COO of AAON, overseeing ~3,800 employees.
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Matt Tobolski promoted to President and COO of AAON, overseeing ~3,800 employees; previously President and Co-Founder of BASX.
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AAON Q3 net sales up 28.6% to $312M, EPS $0.58 (70.6% YoY increase), record margins
Net sales $312.0M, up 28.6% YoY; seventh straight quarter of record sales.
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AAON declares $0.08 quarterly dividend, payable Sept 29, 2023
Quarterly cash dividend of $0.08 per share ($0.32 annualized).
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AAON Q2 2023: record sales $284M (+36% YoY), EPS $0.82 (+173% YoY)
Net sales $284.0M, up 36.0% YoY; organic volume growth 16%, pricing 20%.
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AAON announces 3-for-2 stock split payable August 16, 2023
Board declared a 3-for-2 stock split as a stock dividend; payable Aug 16, 2023.
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AAON declares $0.12 quarterly dividend; directors reelected at annual meeting
Quarterly dividend of $0.12 per share ($0.48 annualized), payable June 30, 2023 to holders of record June 9, 2023.
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AAON Q1 net sales up 45.5% to record $266M; diluted EPS $0.67 (+103%)
Net sales $266M, +45.5% YoY; organic volume/mix contributed 23.5%, pricing 22.0%.
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AAON amends bylaws to adopt universal proxy rules and administrative updates
Board approved amended and restated bylaws effective March 9, 2023.
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AAON shifts to quarterly dividend, declares $0.12 per share for Q1 2023
Board adopts quarterly dividend schedule, replacing prior semi-annual policy.
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AAON promotes Doug Wichman to President of AAON Coil Products subsidiary
Doug Wichman promoted to President of AAON Coil Products, effective February 24, 2023.
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AAON Q4 2022 net sales up 86.8% to record $254.6M; EPS $0.71 vs $0.11 YoY
Net sales $254.6M, up 86.8% YoY; organic volume/mix contributed 41%, pricing 26.7%, inorganic 19.1%.
Executive changes
Role change
Gary D. Fields
special advisor
AAON ·
AAON, INC.
Gary D. Fields, Chief Executive Officer of AAON, Inc. (the “Company”), transitioned to the role of special advisor to the Board, effective May 13, 2025.
Appointed
Matt J. Tobolski
Class I Director
AAON ·
AAON, INC.
appointed Dr. Tobolski to the newly created Class I position.
Appointed
Matt J. Tobolski
Chief Executive Officer
AAON ·
AAON, INC.
Matt J. Tobolski, PhD, will assume the role of Chief Executive Officer (in addition to his current position of President), also to be effective May 13, 2025.
Role change
Christopher Eason
Principal Accounting Officer
AAON ·
AAON, INC.
Christopher Eason, 43, the Company's Chief Accounting Officer since 2021, will become the Principal Accounting Officer.
Departed
Doug Wichman
President of AAON Coil Products
AAON ·
AAON, INC.
Effective January 1, 2025, Rob Teis, Dave Benson, and Doug Wichman will each no longer serve as officers of AAON, Inc.
Appointed
Matthew Shaub
Executive Vice President of the Company & General Manager of the BASX products business unit
AAON ·
AAON, INC.
Matthew Shaub, 47, has been appointed to the position of Executive Vice President of the Company & General Manager of the BASX products business unit.
Departed
Rob Teis
Other Named Officer
AAON ·
AAON, INC.
Effective January 1, 2025, Rob Teis, Dave Benson, and Doug Wichman will each no longer serve as officers of AAON, Inc.
Appointed
Stephen Wakefield
Executive Vice President of the Company & General Manager of the AAON products business unit
AAON ·
AAON, INC.
Stephen Wakefield, 48, has been appointed to the position of Executive Vice President of the Company & General Manager of the AAON products business unit.
Role change
Casey Kidwell
Chief Administration Officer
AAON ·
AAON, INC.
Casey Kidwell, 47, the Company's Vice President of Administration since 2022, will become the Chief Administration Officer.
Departed
Dave Benson
Vice President of the Company and President of BASX
AAON ·
AAON, INC.
Effective January 1, 2025, Rob Teis, Dave Benson, and Doug Wichman will each no longer serve as officers of AAON, Inc.
Appointed
Dave Benson
Vice President of the Company and President of BASX
AAON ·
AAON, INC.
Additionally, the Company announced the promotion of Dave Benson to the position of Vice President of the Company and President of BASX.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.57 · Most common event earnings