### @AAON — Confirmed — from the Q1 2026 earnings call and quarterly filing
Q1 2026: sales up 54% to $496.9M as capacity came online and throughput rose across both brands. Gross margin 25.1%, down 170 bps - intentional and temporary, a timing issue tied to how we ramp: more outsourced parts, unabsorbed fixed costs at Memphis, tariff and inflation pressure. SG&A improved 220 bps to 13.7%. Adjusted EBITDA up 44% to $78M, margin 15.7%. Op cash flow positive $34M, capex $52.9M. Backlog $2.1B, more than double year-ago, up ~16% from year-end. Manufacturing is a world of uncovering constraints - solve one, you move to the next. Embedded in the backlog.
- tier: Confirmed (✓)
- source: AAON / The quarter, in throughput terms
- receipt: https://ticker.thevixguy.com/p/p-day-20260723-aaon-src-aaon-q1-fy2026-quarter-ingest
- posted: 2026-07-23T05:15:42.764Z