AAON gains after lifting annual forecast
10/08/2026 13:04
BUZZ-AAON gains after lifting annual forecast ** Shares of air conditioning and heating equipment maker AAON AAON.O rise 7.2% to $101.66 premarket
** AAON raised net sales growth forecast to in the range of 55% - 60%, from prior forecast of 40% - 45%
** Co posts Q2 sales and adj. EPS of $626.98 mln and 69 cents, both beating analysts' estimate of $491.5 mln and 51 cents - data compiled by LSEG
** Sales rose on strong demand across the AAON and BASX brands, improved production efficiency and greater use of expanded production capacity
** Seven of eight brokerages rate the stock "buy" or higher, and one "hold"; median PT is $135.5
** As of last close, stock up 24.4% YTD
(Reporting by Anand Gopal in Bengaluru)