On this page of StockholderLetter.com we present the latest annual shareholder letter from AAON, INC. — ticker symbol AAON. Reading current and past AAON letters to shareholders can bring important insights into the investment thesis.

 •  4/2/2025 Letter Continued (Full PDF)
 •  3/31/2023 AAON Stockholder Letter
 •  4/8/2024 AAON Stockholder Letter
 •  More "Industrial Machinery & Equipment" Category Stockholder Letters
 •  AAON Benford's Law Stock Score = 86

AAON Shareholder/Stockholder Letter Transcript:

Breathing Life Into Tomorrow
All around the globe, in spaces where we gather, dream, learn, and grow, our solutions
work invisibly to make life better.
For decades, we   ve been the quiet force engineering not just equipment but experiences.
Our team of visionaries sees beyond metal and mechanics to the families celebrating
holidays, the students discovering ideas, and to the professionals advancing industries.
We push boundaries because we understand that comfortable spaces help to create endless
possibility. Our systems hum with purpose, serving our greater mission: to enhance the
moments that matter most, while preserving essential resources for generations to come.
We are AAON. We lead the charge in advancing HVAC innovation our world depends on.
Creating comfortable, sustainable environments today, for all the dreams of tomorrow.

AAON is a leader in HVAC solutions for commercial and
industrial indoor environments. Our unique approach to
designing and manufacturing highly configurable equipment
to meet exact needs creates a premier ownership experience
with greater efficiency, performance, and long-term value.

BASX designs and builds custom, modular thermal
management solutions that provide the highest
efficiency and best performance. Unlike others,
BASX isn   t in the business of selling a rigid system of
products. We   re in the business of selling solutions.

AND



 4/2/2025 Letter Continued (Full PDF)