AAON, INC.

AAON, Inc. (NASDAQ: AAON) is a leader in heating, ventilation, air conditioning, and liquid cooling solutions for commercial and industrial indoor environments. The company operates through three reportable business segments: AAON Oklahoma, AAON Coil Products, and BASX, each serving distinct markets with specialized product offerings.

AAON Oklahoma engineers and manufactures highly configurable HVAC systems, designs control solutions, and sells aftermarket parts through retail locations and online channels. The segment operates manufacturing facilities in Tulsa, Oklahoma; Memphis, Tennessee; and Parkville, Missouri, along with two customer-facing centers including the Norman Asbjornson Innovation Center, a world-class research and development laboratory accredited by the Air Movement and Control Association International. AAON Coil Products manufactures semi-custom and custom HVAC systems and heating and cooling coils from facilities in Longview, Texas. BASX, acquired in 2021, specializes in custom thermal management and air handling solutions for data centers, cleanroom environments, and industrial applications, operating from Redmond, Oregon with additional support facilities in Memphis and Longview.

The company's business strategy centers on mass semi-customization, leveraging flexible, computer-aided manufacturing systems to deliver highly configurable equipment that combines scaled production efficiency with individual customization. Products span cooling capacities from two to 261 tons and include rooftop units, air handling units, condensing units, makeup air units, energy recovery units, and advanced control systems. AAON's proprietary Alpha Class technology enables air-source heat pumps to operate in temperatures as low as negative twenty degrees Fahrenheit, addressing commercial building decarbonization demand.

As of February 2026, AAON employed approximately 5,897 employees across its manufacturing and support operations. The company serves thousands of customers through an extensive network of independent sales representatives, with significant business from data center operators and commercial construction markets. Foreign sales represented approximately 2.6 percent of net sales. The company maintains competitive advantages through continuous research and development investment, advanced manufacturing capabilities, and a commitment to product leadership emphasizing energy performance, durability, and system efficiency. More information is available at http://www.aaon.com.