AAON Stock Soars 10.49% on Data Center Demand
Mover TrackerThursday, May 1, 2025 8:07 am ET
1min readAaon's stock surged 10.49% in pre-market trading on May 1, 2025, driven by strong demand in the data center sector.
AAON reported its first-quarter 2025 earnings, with earnings per diluted share at $0.35, a 23.9% decrease compared to the same period last year. The company's revenue was driven by increased demand in the data center sector, which helped offset some of the challenges faced in other areas.
Despite the revenue growth, AAON's financial guidance for 2025 was disappointing, reflecting the ongoing transition in the HVAC industry. The company missed analysts' revenue expectations by 7.1%, reporting revenues of $297.7 million, down 2.9% year on year. This was a disappointing quarter for
, as the company continues to navigate the challenges posed by the industry transition.
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