AAON IncAAON
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Record Q2 sales and raised 2026 outlook, with adjusted EPS up 213.6%.
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Climate Adaptation & Water
AAON IncAAON Inc. reported record second-quarter 2026 net sales of $627 million, up 101% year-over-year, and raised its full-year sales growth outlook to 55% to 60%. BASX branded sales surged 216.2% to $218 million, while AAON branded sales grew 39.3% in the second quarter, driven by a healthy backlog and improved production throughput as we work to reduce lead times at both our Tulsa and Longview facilities. Non-GAAP adjusted EBITDA rose 102.3% to $94.2 million, and adjusted diluted earnings per share jumped 213.6% to $0.69. The company now expects gross margin of 25% to 26% for 2026, down from prior guidance, citing mix impact from faster-than-expected growth at the new Memphis facility and temporary price-cost pressures. Management said backlog remains nearly double prior-year levels and that margin improvement should accelerate in the fourth quarter and into 2027.
AAON IncRecord Q2 sales and raised 2026 outlook, with adjusted EPS up 213.6%.