AAON publishes restated first-quarter 2026 financial report
AAON•AAON restated first-quarter 2026 results after identifying revenue recognition errors and improper software subscription amortization. Net income was revised to $36.46 million from $39.82 million, diluted earnings to $0.44 from $0.48 per share, and revenue to $492.53 million from $496.94 million.
1. Restated results
AAON revised first-quarter 2026 operating income to $52.26 million from $57.06 million. Management determined disclosure controls were ineffective, citing a material weakness in revenue accounting controls for its BASX brand. A separate amendment also restates results for the quarter ended June 30, 2026.
