AAON stock climbs 29% after raised full-year sales outlook
Updated
Updated · MarketWatch · May 7
AAON stock climbs 29% after raised full-year sales outlook
14 articles · Updated · MarketWatch · May 7
The shares rose to $126.24 in premarket trading as first-quarter sales jumped 54% to $496.9 million and backlog more than doubled to $2.13 billion.
The Tulsa, Oklahoma, heating and ventilation company lifted expected annual sales growth to 40%-45% from 18%-20%, with Chief Executive Matt Tobolski citing strong demand and higher production.
AAON said investments in capacity and operational execution increased throughput, helping extend a rally that had already left the stock up 29% this year through Wednesday's close.
Can AAON sustain its explosive AI-driven growth amid a severe industry-wide skilled labor shortage?
Is prioritizing manufacturing over a key IT system a bold strategy or a future bottleneck for AAON's growth?