AAON AAON

AAON, Inc. engages in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment. It operates through the following segments: Units, Parts-External, Parts-Internal, and Other. Its products include air handling units, self contained units, packaged rooftop units, geothermal heat units, controls, and coils. The company was founded by Norman H. Asbjornson on August 18, 1987 and is headquartered in Tulsa, OK.
Company profile
Ticker
AAON
Exchange
Website
CEO
Gary D. Fields
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
AAON INC
SEC CIK
Corporate docs
IRS number
870448736
AAON stock data
()
Calendar
31 Mar 21
13 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from AAON earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Apr 21 | Norman H Asbjornson | Common Stock, par value $.004 | Gift | Dispose G | No | No | 0 | 4,000 | 0 | 8,539,592 |
16 Mar 21 | Stephen E Wakefield | Common Stock, par value $.004 | Sell | Dispose S | No | No | 74.18 | 986 | 73.14K | 7,818 |
12 Mar 21 | Asbjornson Scott M | Common Stock, par value $.004 | Sell | Dispose S | No | No | 74.73 | 19,628 | 1.47M | 847,838 |
12 Mar 21 | Asbjornson Scott M | Common Stock, par value $.004 | Option exercise | Aquire M | No | No | 44.22 | 5,828 | 257.71K | 867,466 |
12 Mar 21 | Asbjornson Scott M | Common Stock, par value $.004 | Option exercise | Aquire M | No | No | 41.37 | 13,800 | 570.91K | 861,638 |
12 Mar 21 | Asbjornson Scott M | Stock Option Common Stock | Option exercise | Aquire M | No | No | 74.73 | 5,828 | 435.53K | 34,968 |
12 Mar 21 | Asbjornson Scott M | Stock Option Common Stock | Option exercise | Aquire M | No | No | 74.73 | 13,800 | 1.03M | 69,000 |
11 Mar 21 | Gary D Fields | Common Stock, par value $.004 | Grant | Aquire A | No | No | 0 | 4,524 | 0 | 33,978 |
11 Mar 21 | Gary D Fields | Common Stock, par value $.004 | Payment of exercise | Dispose F | No | No | 73.36 | 454 | 33.31K | 29,454 |
11 Mar 21 | Norman H Asbjornson | Common Stock, par value $.004 | Grant | Aquire A | No | No | 0 | 1,575 | 0 | 8,543,592 |
Financial report summary
?Management Discussion
- Our sales increased 9.6%, or $45.2 million mostly due to the increase in rooftop sales which increased by $51.5 million (increase of 15%). The increase in rooftop units sales was due in part to our increased sheet metal production from the additional Salvagnini machines that were placed into operation allowing increased production (1,265 units or 9% unit increase over 2019) and from price increases put in place over the last year.
- The principal components of cost of sales are labor, raw materials, component costs, factory overhead, freight out, and engineering expense. The principal high volume raw materials used in our manufacturing processes are steel, copper, and aluminum. As shown below, our average raw material prices increased during the year. However, the Company had increased its inventory levels in 2019 and early 2020 at lower prices and was able to benefit from these lower priced raw materials as the stock was consumed in 2020. The Company continues to closely monitor its raw materials prices to try and purchase quantities when there are dips in the market. The Company improved its labor and overhead efficiencies with our new sheet metal machines that were placed into service in the last quarter of 2019 and early 2020, eliminating any bottlenecks in our sheet metal production. The Company's headcount was also down compared to 2019, resulting in a higher production output per employee.
- The Company experienced a decrease in warranty claims paid of 15.6% in 2020. Our profit sharing expenses are up due to higher earnings. Salaries & benefits increased due to additional bonuses and employee incentives. Stock compensation was lower because the valuation of the Company-wide equity grant awarded in March 2020 was less than the grant awarded in March 2019. Donations increased due to the contribution of approximately $1.3 million to Winifred, Montana Public Schools in recognition of Norman H. Asbjornson's transition from CEO to Executive Chairman.
Content analysis
?
Positive | ||
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Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Good
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New words:
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Removed:
adjusted, advanced, appointment, BL, boiler, breach, capable, CL, CN, computer, connected, cooler, death, deduction, delegated, demonstrated, disability, doubtful, ensure, fluid, fund, FZ, impair, Ingersoll, limitation, listing, lowered, MBH, mitigated, newly, permanent, phased, planning, published, Rand, ratably, remeasurement, show, structure, summer, tampering, technologically
Financial reports
ARS
2020 FY
Annual report to shareholders
31 Mar 21
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
ARS
2019 FY
Annual report to shareholders
21 Apr 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
Current reports
8-K
Departure of Directors or Certain Officers
17 Mar 21
8-K
Aaon Reports Record Sales and Earnings for 2020
25 Feb 21
8-K
Aaon Announces Semi-annual Cash Dividend
10 Nov 20
8-K
Other Events
9 Nov 20
8-K
Aaon Reports Earnings & Backlog for the Third Quarter of 2020
5 Nov 20
8-K
AAON, Inc. Presenting at DA Davidson and Sidoti Virtual Conferences
22 Sep 20
8-K
Aaon Reports Earnings & Backlog for the Second Quarter of 2020
6 Aug 20
8-K
Aaon Announces Increase In Cash Dividend
14 May 20
8-K
Aaon Reports Record Sales and Earnings
7 May 20
8-K
Aaon Announces Executive Leadership Transitions
7 May 20
Registration and prospectus
S-8
Registration of securities for employees
6 Aug 20
S-8
Registration of securities for employees
2 Aug 18
S-8
Registration of securities for employees
2 Aug 16
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Aug 16
S-8
Registration of securities for employees
1 Nov 15
S-8
Registration of securities for employees
24 Jun 08
S-8
Registration of securities for employees
27 Dec 00
S-8
Registration of securities for employees
17 Mar 97
Proxies
DEF 14A
Definitive proxy
31 Mar 21
DEFA14A
Additional proxy soliciting materials
29 Apr 20
DEF 14A
Definitive proxy
1 Apr 20
DEF 14A
Definitive proxy
2 Apr 19
DEF 14A
Definitive proxy
2 Apr 18
DEF 14A
Definitive proxy
3 Apr 17
DEF 14A
Definitive proxy
6 Apr 16
DEF 14A
Definitive proxy
5 Apr 15
DEFA14A
Additional proxy soliciting materials
7 May 14
DEF 14A
Definitive proxy
8 Apr 14
Other
UPLOAD
Letter from SEC
12 Aug 20
CORRESP
Correspondence with SEC
9 Aug 20
UPLOAD
Letter from SEC
2 Aug 20
CORRESP
Correspondence with SEC
26 Jul 20
UPLOAD
Letter from SEC
22 Jul 20
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
29 May 18
SD
Conflict minerals disclosure
29 May 17
UPLOAD
Letter from SEC
26 Dec 16
Ownership
4
AAON / NORMAN H ASBJORNSON ownership change
8 Apr 21
4
AAON / Stephen E Wakefield ownership change
17 Mar 21
4/A
AAON / Gary D Fields ownership change
16 Mar 21
4
AAON / Larry Gene Stewart ownership change
15 Mar 21
4
AAON / Stephen E Wakefield ownership change
15 Mar 21
4
AAON / Rony D Gadiwalla ownership change
15 Mar 21
4
AAON / Rebecca Thompson ownership change
15 Mar 21
4
AAON / Scott M Asbjornson ownership change
15 Mar 21
4
AAON / NORMAN H ASBJORNSON ownership change
15 Mar 21
4
AAON / Gary D Fields ownership change
15 Mar 21
Transcripts
2020 Q4
Earnings call transcript
26 Feb 21
2020 Q3
Earnings call transcript
8 Nov 20
2020 Q2
Earnings call transcript
8 Aug 20
2020 Q1
Earnings call transcript
9 May 20
2019 Q4
Earnings call transcript
29 Feb 20
2019 Q3
Earnings call transcript
3 Nov 19
2019 Q2
Earnings call transcript
2 Aug 19
2019 Q1
Earnings call transcript
4 May 19
2018 Q4
Earnings call transcript
2 Mar 19
2018 Q3
Earnings call transcript
1 Nov 18
Reddit threads
Daily Discussion Thread - February 25th, 2021
25 Feb 21
Daily Discussion Thread - February 24th, 2021
24 Feb 21
Daily Discussion Thread - February 23rd, 2021
23 Feb 21
Daily Discussion Thread - November 25th, 2020
25 Nov 20
Daily Discussion Thread - November 24th, 2020
24 Nov 20
Daily Discussion Thread - November 23rd, 2020
23 Nov 20
Daily Discussion Thread - November 5th, 2020
5 Nov 20
Daily Discussion Thread - November 4th, 2020
4 Nov 20
Daily Discussion Thread - October 29th, 2020
29 Oct 20
Daily Discussion Thread - October 28th, 2020
28 Oct 20