AAON (AAON) Q4 FY25 earnings call

AAON concluded FY25 with robust demand, particularly in the data center market, driving significant BASX sales and backlog growth. The company made substantial investments in manufacturing capacity and operational systems, positioning it for improved operating performance and margin expansion in 2026 as temporary headwinds from supply chain constraints and ERP transitions fade. Management is focused on execution, accelerating backlog conversion, and leveraging existing capacity to drive profitable growth.