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AAON, Inc. Q2 Earnings Fall Short Amid Operational Disruptions
AAON, Inc. Q2 Earnings Fall Short Amid Operational Disruptions
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BTCCSquare news:
AAON, Inc. (NASDAQ: AAON) shares plummeted 11.68% to $71.11 following a disappointing second-quarter earnings report. Revenue of $311.6 million missed estimates by 4.1%, while adjusted EPS of $0.22 fell 32.5% below consensus. The company's Q3 revenue guidance of $335.4 million also underwhelmed, landing 14.3% below analyst expectations.
Despite operational challenges from ERP system rollout and supply chain disruptions, AAON's backlog surged 71.9% year-over-year to $1.12 billion, signaling latent demand. Production bottlenecks across multiple facilities constrained near-term performance, though management remains optimistic about long-term fundamentals in the HVAC sector.
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