AAON Reports Record Q1 2026 Earnings Amid Strong Sales Growth and Backlog Expansion
Aaon reported record net sales of $496.9 million for the first quarter of 2026, a 54% increase year-over-year driven by strong demand in both brand segments and capacity investments. The company's backlog reached $2.1 billion, more than double from the prior year, with segment-specific growth including Basics branded sales up 72%. Gross margin declined slightly to 25.1%, but non-GAAP adjusted EBITDA rose 44%.
Tickers: $AAON
Topics: backlog ebitda eps gross_margin sales