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AAON history
AAON company history timeline
AAON bought its Tulsa manufacturing plant and offices in late 1988 for $650,000.
AAON, Inc. was founded in 1988 with the acquisition of the heating and air conditioning division of the John Zink Company.
From February to August 1989 the company built a new paint booth facility.
AAON began building in late 1989 its RF Series with six cooling capacities, ranging from 60 to 140 tons.
About 89 percent of AAON's 1989 annual sales of $31.3 million were made to McDonald's and Wal-Mart.
AAONAIRE was created to meet the requirements of the 1990 United States Clean Air Act for better air quality in commercial buildings.
The company announced in November 1993 that its common stock would be traded on the NASDAQ National Market under the symbol AAON. NASDAQ's system of several competing dealers or market makers for the same stocks helped AAON stock become more visible and liquid.
AAON expanded significantly in 1993.
The company also initiated overseas sales in 1993.
Other 1993 developments included 1) starting a cross-training program to increase worker flexibility, 2) spending about $1 million for replacement coils for units under warranty, and 3) completing a one-for-four reverse stock split, which retired almost $2 million of the firm's subordinated debt.
The First Analysis Securities Corporation (FASC) of Chicago in February 1994 gave AAON's stock a "strong buy" rating for several reasons.
First, raw materials, such as aluminum and copper, cost more than in 1994.
Revenues declined 16 percent from 1994 to $67.3 million, while net earnings decreased 61 percent to $2.1 million.
The Tulsa plant also was enlarged to 332,000 square feet in 1995.
In 1996 AAON sold four lines of products, including the previously mentioned RH, RF, and RG Series.
By March 5, 1997 AAON had granted options to 29 individuals, including eight officers or directors and 21 employees.
In April 1997 Jerry Levine in his report on AAON for BlueStone Capital Investment & Merchant Banking gave several reasons for his "buy" rating of AAON stock.
One way AAON responded in 1997 was to purchase for about $2 million a new machine from the Salvagnini Company in northern Italy.
In 1996 AAON sold four lines of products, including the previously mentioned RH, RF, and RG Series. It began in 1997 replacing the RH Series with the RK units, which had rotary scroll compressors instead of the old piston compressors found in the RH products.
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AAON competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Lennox International | 1895 | $5.3B | 11,550 | 703 |
| Rite-Hite | 1965 | $15.1M | 2,200 | 118 |
| Flowserve | 1997 | $4.6B | 17,000 | 221 |
| Parker Hannifin | 1917 | $19.9B | 57,170 | 790 |
| SPX | 1912 | $2.0B | 6,000 | 153 |
| Dover | 1955 | $7.7B | 23,000 | 535 |
| Cameron Welding Supply | 1963 | $8.8B | 35,000 | 1 |
| Leggett & Platt | 1883 | $4.4B | 20,000 | 83 |
| IDEAL INDUSTRIES | 1916 | $500.0M | 1,225 | 4 |
| Valmont Industries | 1946 | $4.1B | 9,800 | 359 |
AAON history FAQs
Zippia gives an in-depth look into the details of AAON, including salaries, political affiliations, employee data, and more, in order to inform job seekers about AAON. The employee data is based on information from people who have self-reported their past or current employments at AAON. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by AAON. The data presented on this page does not represent the view of AAON and its employees or that of Zippia.
AAON may also be known as or be related to AAON, AAON Inc, AAON Inc., AAON, Inc., Aaon and Aaon, Inc.