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AI brief of an SEC Form 8-K · AAON (AAON)

AAON Q1 sales rise 22.9% to $322.1 million, but EPS falls 23.9% to $0.35

Mixed Impact 3 of 5 earnings Written later

AAON reported first-quarter 2025 net sales up 22.9% to $322.1 million, driven by BASX and AAON Coil Products growth, and a backlog of $1.0 billion. Net income fell 24.9% and gross margin dropped to 26.8% from 35.2%, as AAON Oklahoma sales declined 23.0% amid supply chain issues tied to R454B refrigerant components. Shareholders get higher sales and backlog but lower profit per share.

Key points

  • Net sales rose 22.9% to $322.1 million; net income fell 24.9% to $29.3 million
  • Diluted EPS was $0.35 versus $0.46 a year earlier; non-GAAP adjusted EPS was $0.37
  • Total backlog reached $1,026.9 million at March 31, 2025, up 83.9% year-over-year
  • Quarterly dividend raised 25.0% to $0.10 per share; $30.0 million of stock repurchased during the quarter

The filing

CompanyAAON (AAON)
Form8-K, current report
Filed with the SECMay 1, 2025, 7:10 AM ET
Accession number0000824142-25-000122

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.