OverviewSuggest Edit

AAON is a company engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils. Its products serve the commercial and industrial new construction and replacement markets.

TypePublic
Founded1988
HQTulsa, OK, US
Websiteaaon.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Feb 2020)2,290(+4%)
Job Openings21
Revenue (FY, 2020)$514.6 M(+10%)
Share Price (Jul 2021)$62.2
Cybersecurity ratingDMore

Key People/Management at AAON

Norman Asbjornson

Norman Asbjornson

President & CEO
Scott Asbjornson

Scott Asbjornson

Chief Financial Officer
Rebecca Thompson

Rebecca Thompson

Chief Accounting Officer & Treasurer
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AAON Office Locations

AAON has offices in Tulsa, Longview and Parkville
Tulsa, OK, US (HQ)
2425 S Yukon Ave
Longview, TX, US
203 Gum Springs Rd
Parkville, MO, US
8500 NW River Park Dr #108AParkville
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AAON Financials and Metrics

AAON Revenue

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AAON's revenue was reported to be $514.55 m in FY, 2020
USD

Revenue (FY, 2020)

514.6m

Gross profit (FY, 2020)

155.8m

Gross profit margin (FY, 2020), %

30.3%

Net income (FY, 2020)

79.0m

EBIT (FY, 2020)

101.8m

Market capitalization (30-Jul-2021)

3.3b

Closing stock price (30-Jul-2021)

62.2

Cash (31-Dec-2020)

79.0m

EV

3.2b
AAON's current market capitalization is $3.3 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

384.0m405.2m433.9m469.3m514.6m

Revenue growth, %

7%6%7%8%

Cost of goods sold

265.9m281.8m330.4m349.9m358.7m

Gross profit

118.1m123.4m103.5m119.4m155.8m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

86.1m101.3m113.7m99.1m109.6m112.9m113.8m119.4m113.5m137.5m125.6m134.8m

Cost of goods sold

61.1m69.6m78.0m83.7m82.0m80.2m88.0m89.3m86.1m94.5m87.5m93.9m

Gross profit

25.0m31.7m35.7m15.4m27.6m32.8m25.8m30.2m27.4m42.9m38.1m40.8m

Gross profit Margin, %

29%31%31%16%25%29%23%25%24%31%30%30%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

24.2m21.5m2.0m26.8m79.0m

Accounts Receivable

43.0m50.3m54.1m67.4m47.4m

Prepaid Expenses

616.0k518.0k1.0m1.4m3.7m

Inventories

47.4m70.8m77.6m73.6m82.2m
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

53.4m54.5m42.6m53.7m79.0m

Depreciation and Amortization

13.0m15.0m17.7m22.8m25.6m

Inventories

(9.5m)(23.7m)(5.6m)2.6m(9.7m)

Accounts Payable

654.0k3.0m(1.2m)280.0k(2.2m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

10.2m24.0m38.7m4.3m16.0m30.0m10.9m23.9m37.7m21.9m39.7m60.1m

Depreciation and Amortization

3.6m7.3m11.0m4.1m8.4m12.9m5.9m11.8m17.6m6.0m12.3m19.0m

Inventories

(8.7m)(16.0m)(18.8m)3.4m1.4m(7.1m)2.7m(585.0k)(4.0m)1.0m(11.6m)(7.0m)

Accounts Payable

1.7m6.8m3.8m9.8m13.0m4.3m(5.7m)(2.6m)782.0k2.7m2.9m3.7m
USDFY, 2016

Revenue/Employee

229.1k

Financial Leverage

1.2 x
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AAON Operating Metrics

AAON's Backlog was reported to be $129.2m in Feb, 2020.
FY, 2016Feb, 2017FY, 2017Feb, 2018FY, 2018Feb, 2019FY, 2019Feb, 2020

Backlog

$53.5 m$64.9 m$147 m$129.2 m

Offices

104100101105

Facilities Owned (US), sq. ft.

1.55 m1.55 m1.76 m1.76 m

Rooftop Units Sold

16.76 k16 k15.27 k14.45 k
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AAON Acquisitions / Subsidiaries

Company NameDateDeal Size
AAON Coil Products Inc Texas
AAON Inc Oklahoma

AAON Revenue Breakdown

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AAON revenue breakdown by business segment: 12.8% from Parts and 87.2% from Units

AAON Cybersecurity Score

Cybersecurity ratingPremium dataset

D

67/100

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AAON Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

AAON Online and Social Media Presence

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AAON News and Updates

AAON, Inc. Second Quarter 2021 Sales and Earnings Review Conference Call

TULSA, Okla., July 22, 2021 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON). A question and answer session will follow a brief presentation by management. The entire call should last about 45 minutes. The company will issue its second quarter earnings release after market close on August 5, 2021.

AAON to Speak at Wolfe Research Global Transportation & Industrials Conference

TULSA, Okla., May 21, 2021 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON) today announced that President and Chief Executive Officer, Gary Fields, and Chief Financial Officer, Rebecca Thompson, will speak at the 14th Annual Wolfe Research Global Transportation & Industrials Conference held virt…

AAON Announces Semi-Annual Cash Dividend and Promotion of Christopher D. Eason

TULSA, Okla., May 17, 2021 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ-AAON), today announced that its Board of Directors has declared the Company’s next regular semi-annual cash dividend of $0.19 per share (or $0.38 annually), payable on July 1, 2021 to stockholders of record as of the close of busine…

AAON Announces Retirement of CFO, Scott Asbjornson and Promotion of Rebecca Thompson

TULSA, Okla., April 30, 2021 (GLOBE NEWSWIRE) -- Today, Scott M. Asbjornson, Vice President, Finance and Chief Financial Officer (CFO), notified AAON, Inc. (the "Company") of his decision to retire from the Company to pursue other interests, effective immediately. Concurrently, the Company’s Board…

AAON Announces Price Increase

TULSA, Okla., March 09, 2021 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON) today announced a price increase of 4% on all AAON HVAC equipment. This price increase is a direct result of increased raw material and component costs, including stainless steel, galvanized steel and copper, which are up 3…

AAON Reports Record Sales and Earnings For 2020

TULSA, Okla., Feb. 25, 2021 (GLOBE NEWSWIRE) -- AAON, INC. (NASDAQ-AAON), today announced its results for the fourth quarter of 2020.
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AAON Frequently Asked Questions

  • When was AAON founded?

    AAON was founded in 1988.

  • Who are AAON key executives?

    AAON's key executives are Norman Asbjornson, Scott Asbjornson and Rebecca Thompson.

  • How many employees does AAON have?

    AAON has 2,290 employees.

  • What is AAON revenue?

    Latest AAON annual revenue is $514.6 m.

  • What is AAON revenue per employee?

    Latest AAON revenue per employee is $224.7 k.

  • Who are AAON competitors?

    Competitors of AAON include Carrier, Trane Technologies and Lennox International.

  • Where is AAON headquarters?

    AAON headquarters is located at 2425 S Yukon Ave, Tulsa.

  • Where are AAON offices?

    AAON has offices in Tulsa, Longview and Parkville.

  • How many offices does AAON have?

    AAON has 3 offices.