AAON’s Q2 adjusted earnings and revenue surpassed Wall Street forecasts as data center cooling equipment sales more than doubled.
AAON Inc. (AAON) posted second-quarter adjusted earnings and revenue above analyst estimates, driven by a surge in demand for data center cooling systems. Sales more than doubled compared to the same period last year.
The company’s shares rose 2.8% in premarket trading Monday, extending a 34% gain year-to-date through Friday. Analysts had expected weaker results, but strong demand for cooling equipment in data centers boosted performance.
Premarket trading indicated investor optimism following the earnings release, though broader market reactions remained limited.