Trade AAON Inc - AAON CFD

AAON Company profile

About AAON, Inc.

AAON, Inc. is 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. The Company's products serve the commercial and industrial new construction and replacement markets within the heating, ventilation, and air conditioning (HVAC) equipment industry. Its rooftop and condensing unit markets consist of units installed on commercial or industrial structures of generally less than ten stories in height. The replacement market consists of products installed to replace existing components that are worn or damaged. Its primary finished products consist of a single unit system containing heating and cooling in a self-contained cabinet.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, AAON, Inc. revenues increased 4% to $534.5M. Net income decreased 26% to $58.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by (Gain) loss on disposal of assets and in decrease of 100% to $21K (income), Salaries & Benefits increase of 16% to $23.5M (expense), Other SGA increase of 12% to $26.8M (expense).

Equity composition

Common Stock $.002666 Par, 6/11, 75M auth., 24,714,588 issd. Insiders own 34.64%. PO 2/88, 2.4M units (1 share Common & 1 Warrant) @ $.25 by Pan Oceanic Investments. 08/07, 6/02, 10/01, 3-for-2 stock splits; 3/95, 10%stock dividend; 9/93, 1-for-4 reverse stock split. 06/11, 3-for-2 stock split. 07/14, 3-for-2 stock split.