AAON Reports Record Sales as Data Center Demand Fuels Growth

CEO Matt Tobolski attributed the performance to disciplined capital investment and improved manufacturing throughput. While the rapid scaling of facilities, including the Memphis plant, introduced short-term margin pressure, the company’s operating income climbed 192.1% to $68.9 million. Diluted earnings per share reached $0.68, a 257.9% increase over the same period last year.

The BASX division emerged as a primary engine for growth, with sales jumping 216.2% as the company capitalized on sustained infrastructure investment in the data center market. Despite a softer commercial HVAC landscape, the core AAON brand maintained market share through high-performance, custom-engineered products. Management has responded to the quarter’s results by raising its full-year outlook, now projecting annual sales growth between 55% and 60%.