AAON

AAON, Inc. (NASDAQ:AAON) is a Tulsa, Oklahoma-based manufacturer of commercial and industrial heating, ventilation, and air conditioning (HVAC) equipment. Founded in 1987 and publicly traded since 1992, the company has evolved from a niche player to a significant force in the commercial HVAC market. AAON operates through three main segments: AAON Oklahoma (traditional rooftop units and HVAC equipment), AAON Coil Products (heat exchange coils), and BasX (specialized cooling solutions, particularly for data centers). The company has experienced substantial growth in recent years, surpassing $1 billion in annual revenue for the first time in 2023 and establishing itself as a leader in energy-efficient HVAC solutions and emerging markets like data center cooling.