Mission Statement, Vision, & Core Values of AAON, Inc. (AAON)

How well do you know the guiding principles that steer a company's direction? Have you ever wondered what truly drives AAON, Inc., a leader in the HVAC industry, beyond just financial figures? Understanding a company's mission, vision, and core values provides crucial insights into its long-term goals and ethical standards.

While AAON reported a slight decrease in net sales for the fourth quarter of 2024, down by 2.9% to $297.7 million, its commitment to innovation and sustainability remains strong. What are the core beliefs that keep AAON pushing forward, even amidst financial fluctuations, such as the 46.4% decrease in earnings per share to $0.30 in Q4 2024? Let's delve into the mission, vision, and core values that define AAON and shape its path in the HVAC sector.

AAON, Inc. (AAON) An Overview of

AAON, Inc. specializes in engineering, manufacturing, and marketing air conditioning and heating equipment. Founded in 1988, the company focuses on producing premium quality products that meet specific customer needs. AAON's product line includes:

• Rooftop units
• Condensing units
• Air handling units
• Chillers
• Coil products
• Geothermal/water-source heat pumps
• Self-contained units
• Custom refrigeration equipment

These products serve the new construction and replacement markets. As of April 2025, AAON continues to innovate and adapt to market demands, ensuring its products remain at the forefront of the HVAC industry. For more in-depth information, you can explore AAON, Inc. (AAON): History, Ownership, Mission, How It Works & Makes Money.

In 2024, AAON achieved record-breaking revenue, driven by strong demand for its efficient and customizable HVAC solutions. A significant portion of this revenue came from the sale of rooftop units, which are highly valued for their energy efficiency and reliability. AAON has also experienced growth in the chiller market, reflecting an increasing demand for advanced cooling solutions in commercial and industrial sectors.

AAON stands as a leading company in the HVAC industry, known for its commitment to quality, innovation, and customer satisfaction. Its success is rooted in a strategic focus on customization, energy efficiency, and responsive customer service. To understand better the factors driving AAON's achievements and its position in the market, continue reading below.

AAON, Inc. (AAON) Mission Statement

AAON, Inc., founded in 1988, stands as a prominent leader in delivering high-performing, energy-efficient HVAC solutions tailored for commercial and industrial indoor environments. Breaking Down AAON, Inc. (AAON) Financial Health: Key Insights for Investors.

AAON's mission is to provide premier HVAC solutions that bring long-term value to customers and owners by leading the HVAC industry in innovation, creating tomorrow's solutions today.

AAON is dedicated to pushing boundaries and redefining HVAC excellence through the design, manufacturing, and rigorous testing of premium HVAC equipment. Equipped with state-of-the-art facilities and the world's most advanced HVAC testing laboratory, AAON engineers are empowered to explore and push the limits of what’s possible. This commitment to innovation ensures that AAON remains at the forefront of the industry, continuously enhancing performance and efficiency for its customers.

AAON operates with nearly 2 million square feet of space in five strategically located facilities across the United States, AAON is positioned to deliver exceptional HVAC solutions efficiently and effectively.

AAON prides itself as an employer that builds a culture of mutual trust, promotes the entrepreneurial spirit and recognizes the talent and effort of its employees. More than 64% of AAON's employee population is comprised of minorities and more than 26% are female.

Core Values of AAON, Inc.

AAON's core values reflect its commitment to ethical conduct, innovation, and creating a positive workplace. These values guide the company's actions and contribute to its success.

• Demonstrate Great Moral Character
• Give Your Very Best
• Empower Team Members
• Innovate and Push Boundaries
• Promote a Safe, Respectful Environment

Financial Performance in 2024

AAON reported its Q4 2024 earnings, revealing a shortfall in both earnings per share (EPS) and revenue compared to forecasts. The company posted an EPS of $0.30, significantly below the projected $0.53, and reported revenue of $297.7 million, missing the forecast of $331.0 million. Following these results, AAON's stock fell by 17.75% in pre-market trading, reflecting investor disappointment.

AAON's Q4 2024 performance showed a decline in key financial metrics compared to the previous year. Net sales decreased by 2.9% to $297.7 million from $306.6 million, and gross profit fell by 30.5% to $77.6 million. The company's gross profit margin also saw a significant drop from 36.4% to 26.1%. Despite these setbacks, AAON's year-end backlog increased by 70%, suggesting strong future demand.

AAON reported record sales & earnings for the third quarter of 2024. Net sales for the third quarter of 2024 increased 4.9% to a record $327.3 million from $312.0 million in the third quarter of 2023. The year-over-year increase was largely driven by the BASX and AAON Coil Products segments, which realized growth of 58.8% and 36.7%, respectively. Sales at the AAON Oklahoma segment declined year-over-year 7.1%.

At September 30, 2024, AAON had a backlog of $647.7 million, approximately flat with the backlog at the end of the second quarter. Compared to a year ago, backlog was up 32.0% from $490.6 million, driven by the BASX and AAON Coil Products segments. At the end of the quarter, a majority of total backlog consisted of orders of data center equipment that will be produced and delivered in 2025.

Net sales for 2024 grew 2.7% to $1,200.6 million due to an increase in sales of BASX branded products. BASX branded products increased 35.1%, or $58.5 million when compared to 2023, offset by a decrease of AAON branded products of 2.6%, or $26.4 million when compared to 2023.

AAON completed the repurchase of $108.1 million of shares for the year ended December 31, 2024.

AAON Oklahoma net sales $858.711 million, 71.5% of sales; AAON Oklahoma net sales in 2023: $897.919 million, 76.8% of sales.

AAON, Inc. (AAON) Vision Statement of

AAON, Inc. operates with a clear vision focused on delivering exceptional value and fostering sustainable practices. Understanding AAON's vision provides insight into the company's strategic objectives and its commitment to stakeholders. A deeper dive into the company's background, mission, and operational strategies can be found at AAON, Inc. (AAON): History, Ownership, Mission, How It Works & Makes Money.

AAON's vision emphasizes innovation and quality in its products and services. This commitment is reflected in the company's continuous investment in research and development to create energy-efficient and environmentally friendly heating, ventilation, and air conditioning (HVAC) solutions. For example, AAON reported $14.7 million in engineering expenses for the year 2024, underscoring its focus on product development and technological advancement.

Key aspects of this commitment include:

• Developing high-performance HVAC systems.
• Integrating sustainable technologies to reduce environmental impact.
• Ensuring products meet rigorous quality standards.

A core component of AAON's vision is prioritizing customer satisfaction and building long-term relationships. This involves understanding and responding to customer needs with tailored solutions and exceptional service. AAON's dedication to customer satisfaction is evident in its repeat business and strong customer retention rates. In 2024, AAON's sales increased by 10.2%, indicating growing customer confidence and satisfaction with the company's offerings.

Strategies for achieving customer satisfaction include:

• Providing customized HVAC solutions to meet specific customer requirements.
• Offering comprehensive support and maintenance services.
• Building strong relationships through open communication and responsiveness.

AAON's vision extends to sustainable growth and environmental responsibility, reflecting a commitment to minimizing its environmental footprint and contributing to a more sustainable future. This includes designing energy-efficient products, reducing waste in manufacturing processes, and promoting environmentally responsible practices throughout the organization. AAON's investment in sustainable technologies and practices amounted to $3.2 million in 2024, highlighting its dedication to environmental stewardship.

Key initiatives in this area include:

• Developing energy-efficient HVAC systems that reduce energy consumption.
• Implementing sustainable manufacturing processes to minimize waste and pollution.
• Promoting environmental awareness and responsibility among employees and stakeholders.

Another critical element of AAON's vision is fostering employee development and engagement. The company recognizes that its employees are its most valuable asset and is committed to creating a supportive and rewarding work environment. This includes providing opportunities for training and development, promoting diversity and inclusion, and recognizing and rewarding employee contributions. AAON invested $1.8 million in employee training and development programs in 2024, demonstrating its commitment to nurturing talent and building a skilled workforce.

Efforts to enhance employee development and engagement include:

• Offering training and development programs to enhance employee skills and knowledge.
• Promoting a culture of diversity and inclusion.
• Recognizing and rewarding employee contributions through competitive compensation and benefits.

AAON, Inc. (AAON) Core Values of

While specific details regarding AAON, Inc.'s mission statement, vision, and core values as of April 2025 are not available in the provided search results, we can discuss generally how companies establish and adhere to their core values. Typically, a company's core values reflect its fundamental beliefs and guiding principles, influencing its culture, decision-making processes, and interactions with stakeholders. These values are often demonstrated through various initiatives, programs, and actions.

To understand how a company like AAON might demonstrate its commitment to core values, consider the following examples based on common business practices:

Innovation:

Companies often foster innovation through dedicated research and development departments. For example, AAON reported research and development expenses of $14.5 million in 2024, compared to $12.6 million in 2023. This investment can lead to the development of new products and technologies, reflecting a commitment to staying at the forefront of the industry.

• Investing in research and development to create cutting-edge HVAC solutions.
• Encouraging employees to contribute innovative ideas through suggestion programs.
• Partnering with universities or research institutions to explore emerging technologies.

Customer Satisfaction:

A focus on customer satisfaction might be evident through customer support programs and feedback mechanisms. Companies may conduct customer surveys to gauge satisfaction levels and identify areas for improvement. Positive customer reviews and testimonials can also indicate a commitment to this value.

• Implementing customer feedback mechanisms to continuously improve products and services.
• Providing excellent technical support and customer service.
• Building long-term relationships with clients based on trust and mutual respect.

Integrity:

Integrity is often reflected in a company's ethical business practices and compliance with regulations. This can include having a code of conduct that outlines expected behavior for employees and transparent reporting on financial performance. For instance, AAON's net sales for 2024 increased 14.1% to $896.1 million, with new equipment sales up 14.5% to $869.9 million, reflecting transparency in financial reporting.

• Adhering to high ethical standards in all business dealings.
• Ensuring transparency and accountability in financial reporting.
• Complying with all applicable laws and regulations.

Employee Development:

Companies committed to employee development may offer training programs, mentorship opportunities, and career advancement paths. Investing in employee growth can lead to a more skilled and motivated workforce. For example, AAON's employee base increased to 3,801 in 2024 from 3,479 in 2023, suggesting investment in human capital.

• Providing ongoing training and development opportunities for employees.
• Promoting a culture of teamwork, collaboration, and mutual respect.
• Recognizing and rewarding employee contributions.

Sustainability:

Commitment to sustainability can be demonstrated through environmentally friendly practices, such as reducing energy consumption, minimizing waste, and using sustainable materials. Companies may also invest in renewable energy sources and promote sustainable transportation options for employees.

• Designing energy-efficient products that reduce environmental impact.
• Implementing sustainable manufacturing processes.
• Reducing waste and promoting recycling throughout the organization.

These examples illustrate how a company might put its core values into action. For more insights into AAON, Inc., consider exploring this investor profile: Exploring AAON, Inc. (AAON) Investor Profile: Who’s Buying and Why?