AAON Inc. Exceeds Earnings Expectations in Q1 2025

Published 3 hours agoAAON

AAON Inc. Exceeds Earnings Expectations in Q1 2025

AAON Inc. (NASDAQ: AAON) has reported strong financial results for the first quarter of 2025, beating market expectations. The company posted a non-GAAP adjusted earnings per share of $0.50, surpassing the predicted $0.46. Revenue also exceeded forecasts, reaching $301.4 million compared to anticipated figures of $292.5 million.

In addition to the earnings figures, AAON reported a net income of $52.6 million, marking a 9.5% increase from the same period last year. However, its gross profit margin saw a decline, settling at 34.9% from 37.2% in the first quarter of 2024, as noted by StockTitan. The company's order backlog has grown significantly, with a 32.0% year-over-year increase to $647.7 million, largely fueled by demand for data center equipment.

These financial results reflect AAON's robust performance and strategic positioning in the market. Despite a slight dip in the gross profit margin, the increase in net income and substantial order backlog signal positive momentum for the company. AAON continues to focus on fulfilling the growing demand for its data center equipment, driven by its considerable backlog slated for 2025.

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