The Aaon Group — Third Quarter 2026 Earnings Summary

The Aaon Group reported record third-quarter 2026 net sales of $707.4 million, representing an 84.1% year-over-year increase driven by strong demand for its AAON and BASX brands. The company raised its full-year 2026 outlook to reflect net sales growth of 72%-75% and gross margins of approximately 26%, supported by expanded capacity and improved operational execution. During the reporting process, the company identified errors in its first and second quarter 2026 financial statements and a material weakness in internal controls, resulting in a restatement that increased first-half net sales by $10.7 million and diluted EPS by $0.09. Operating income for the quarter reached $100.0 million, a 129.3% increase year-over-year, while total backlog grew 40.5% to $1.9 billion.