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$30 Million Share Repurchase Authorization

1. AAON announced $30 million share repurchase under a $100 million program. 2. Repurchases will depend on market conditions and share trading volume. 3. AAON focuses on energy-efficient HVAC solutions for commercial environments. 4. The company operates testing facilities for sustainable innovation advancements. 5. Forward-looking statements caution about potential market uncertainties.

Shares Buyback
+8.89%Current Return
VS
+1.07%S&P 500
$75.2503/04 05:45 PM EDTEvent Start
$81.9403/06 12:00 AM EDTLatest Updated
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FAQ

Why Bullish?

The approved share repurchase often signals confidence, potentially increasing share value. Past instances show similar moves by companies usually lead to positive price movements.

How important is it?

The share buyback can enhance shareholder value and reflects management's positive outlook. This kind of strategic financial maneuver is often closely scrutinized by investors, thus very relevant to AAON's stock price.

Why Short Term?

Share buybacks typically affect stock performance quickly, often within a few quarters. Historical patterns indicate immediate price responses following repurchase announcements.

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AOSDOVTRN
, /PRNewswire/ -- AAON, Inc. (NASDAQ:  AAON) ("AAON" or the "Company"), today announced that its Board of Directors has approved $30.0 million of share repurchases pursuant to the previously disclosed $100 million share repurchase program. Repurchases will be made in accordance with one or more pre-arranged stock repurchase plans adopted by the Company pursuant to the guidelines specified under Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The actual timing, number and value of shares repurchased will depend on market conditions, share price, trading volume, and other factors. About AAON, Inc.Founded in 1988, AAON is a leader in HVAC solutions for commercial and industrial indoor environments. The company's industry-leading 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.  AAON is headquartered in Tulsa, Oklahoma, where its world-class innovation center and testing capabilities enable continuous advancement toward a cleaner and more sustainable future. For more information or to locate an AAON representative, visit www.aaon.com. Forward-Looking StatementsThis press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "should", "will", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligations to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Important factors that could cause results to differ materially from those in the forward-looking statements include (1) the timing and extent of changes in raw material and component prices, (2) the effects of fluctuations in the commercial/industrial new construction market, (3) the timing and extent of changes in interest rates, as well as other competitive factors during the year, and (4) general economic, market or business conditions. Contact InformationJoseph MondilloDirector of Investor RelationsPhone (617) 877-6346Email: [email protected] SOURCE AAON WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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