Carries Record Backlog into 2026 Full Year 2025 Results (All comparisons are year-over-year, unless otherwise noted) Delivered strong sales growth in 2025, while margins and earnings reflected strategic investments in production expansion and ERP implementation to support future growth Net sales increased 20.1% to $1.44 billion compared to $1.20 billion in 2024 Gross margin was 26.7% compared to 33.1% in 2024 GAAP diluted EPS was $1.29 compared to $2.02 in 2024 Robust bookings trends of both AAON- and BASX-branded equipment support continued market share gains Record year-end backlog of $1.83 billion, up 110.9% year-over-year, providing strong visibility entering 2026 Fourth Quarter 2025 Results (All comparisons are year-over-year, unless otherwise noted) Delivered strong sales growth in the quarter, while margins reflected capacity expansions and upfront fixed costs absorption associated with production ramp-up Net sales increased 42.5% to $424.2 million compared to $297.7 million in the fourth quarter of 2024 Gross margin was 25.9% compared to 26.1% in the fourth quarter of 2024 GAAP diluted EPS was $0.39 compared to $0.30 in the fourth quarter of 2024 Company Introduces 2026 Outlook 2026 outlook reflects revenue growth of 18-20% and gross margins of approximately 29-31%, supported by record backlog, expanded capacity, and improving operational execution TULSA, Okla., March 2, 2026 /PRNewswire/ -- AAON, INC.