AAON Shares Surge 22% Following Third-Quarter Earnings Beat and Raised Full-Year Guidance
AAON Inc. (NASDAQ: AAON) reported third-quarter financial results that significantly exceeded analyst expectations, characterized by a record $707.4 million in revenue—an 84.1% increase year-over-year. The company's adjusted EPS of $0.83 beat the consensus estimate of $0.56, driven largely by massive growth in BASX-branded sales (up 218.3%) fueled by high demand from data center hyperscalers. In response to strong performance and increased manufacturing throughput, AAON raised its full-year 2026 net sales growth guidance to 72%-75%, up from the previous 55%-60% range. While the company reported a material weakness in internal controls over financial reporting requiring remediation, the market reacted positively to the improved gross margins and a substantial $1.9 billion total backlog.
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