AAON, Inc. engages in the manufacture and sale of air-conditioning and heating equipment. The company’s products consist of rooftop units, chillers, air-handling units, make-up air units, heat recovery units, condensing units, commercial-self contained units and coils. Products and Markets The company’s products serve the commercial and industrial new construction and replacement markets. Its rooftop and condenser markets consist of units installed on commercial or industrial structures of less than 10 stories in height. The company’s air-handling units, commercial self-contained units, chillers, and coils are applicable to all sizes of commercial and industrial buildings. The replacement market consists of products installed to replace existing units/components that are worn or damaged. The company purchases certain components, fabricate sheet metal and tubing and then assemble and test the finished products. Its primary finished products consist of a single unit system containing heating, cooling and/or heat recovery components in a self-contained cabinet, referred to in the industry as ‘unitary products’. The company’s other finished products are chillers, coils, air-handling units, condensing units, make-up air units, heat recovery units and commercial self-contained units. The company offers four groups of rooftop units. The RQ Series consisting of six cooling sizes ranging from one to six tons; the RN Series offered in 18 cooling sizes ranging from 6 to 70 tons, and an expansion of the RN series introduced in 2012 that increased the cooling range up to 140 tons and the number of cooling sizes from 18 to 26. The RL Series, which is offered in 15 cooling sizes ranging from 40 to 230 tons; and the HA Series, which is a horizontal discharge package for either rooftop or ground installation offered in 8 sizes ranging from 7½ to 50 tons. The company also offers the SA and SB models as an indoor package water cooled units with cooling capacities of 3 to 70 tons. The company manufactures a Model LC Chiller, air cooled, and a Model LL chiller, which is available in both air-cooled condensing and evaporative cooled configurations covering a range of 3 to 540 tons. The company’s air-handling units consist of the F1 and H3/V3 Series and the modular (M2 and M3) Series, as well as air handling unit versions of the RN, RL and SA units. The company’s heat recovery option applicable to its RQ, RN and RL units, as well as its M2 and M3 Series air handlers, respond to the U.S. Clean Air Act mandate to increase fresh air in commercial structures. Performance characteristics of its products range in cooling capacity from 1½ to 540 tons and in heating capacity from 69,000 - 9,000,000 BTU's. Research and Development The company’s research and development has involved the RQ, RN and RL (rooftop units), F1, H/V, M2 and M3 (air handlers), LC and LL (chillers), CB and CC (condensing units), SA (commercial self-contained units) and BL (boilers), as well as component evaluation and refinement, development of control systems and new product development. The company incurred research and development expenses of approximately $3.6 million in 2012. Seasonality Sales of the company’s products are moderately seasonal with the peak period being July - November of each year. Environmental Matters Laws concerning the environment that affect or could affect the company’s domestic operations include the Clean Water Act, the Clean Air Act, the Resource Conservation and Recovery Act, the Occupational Safety and Health Act, the National Environmental Policy Act, the Toxic Substances Control Act, regulations promulgated under these Acts, and any other federal, state or local laws or regulations governing environmental matters. Competition In the standardized market, the company competes primarily with Lennox International, Inc., Trane (Ingersoll Rand Limited), York (Johnson Controls Inc.) and Carrier (United Technologies Corporation). History AAON, Inc. was incorporated in 1987.
aaon inc (AAON:NASDAQ GS)
2425 South Yukon Avenue
Tulsa, OK 74107
|Ingersoll-Rand PLC||$57.82 USD||-0.16|
|Johnson Controls Inc||$46.83 USD||+0.10|
|Lennox International Inc||$89.29 USD||+0.82|
|United Technologies Corp||$118.57 USD||+0.50|
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