v3.25.2
Segments (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Three Months EndedSix Months Ended
 June 30,
2025
June 30,
2024
June 30,
2025
June 30,
2024
(in thousands)(in thousands)
AAON Oklahoma
     External sales$185,120 $225,727 $346,958 $435,867 
     Inter-segment sales5,318 1,311 9,157 2,982 
Eliminations(5,318)(1,311)(9,157)(2,982)
     Net sales185,120 225,727 346,958 435,867 
     Cost of sales1
134,237 141,857 258,102 273,586 
     Gross profit50,883 83,870 88,856 162,281 
AAON Coil Products
     External sales$58,465 $31,373 $152,488 $55,620 
     Inter-segment sales6,073 8,942 12,279 18,273 
Eliminations(6,073)(8,942)(12,279)(18,273)
     Net sales58,465 31,373 152,488 55,620 
     Cost of sales1
45,602 18,214 107,140 34,322 
     Gross profit12,863 13,159 45,348 21,298 
BASX
     External sales$67,982 $56,466 $134,175 $84,178 
     Inter-segment sales507 220 550 222 
Eliminations(507)(220)(550)(222)
     Net sales67,982 56,466 134,175 84,178 
     Cost of sales1
48,999 40,401 99,286 62,421 
     Gross profit18,983 16,065 34,889 21,757 
Consolidated gross profit$82,729 $113,094 $169,093 $205,336 
1 Presented after intercompany eliminations.
The reconciliation between consolidated gross profit to consolidated income from operations is as follows:
Consolidated gross profit$82,729 $113,094 $169,093 $205,336 
Less: Selling, general and administrative expenses59,147 45,895 110,440 91,183 
Add: Gain on disposal of assets— — 40 16 
Consolidated income from operations$23,582 $67,199 $58,693 $114,169 
The following table presents long-lived assets by reportable segment, which includes property and equipment, net and operating lease assets:
June 30,
2025
December 31,
2024
Long-lived assets(in thousands)
AAON Oklahoma$335,977 $321,597 
AAON Coil Products151,301 122,515 
BASX89,996 81,680 
            Total long-lived assets$577,274 $525,792 
The following table presents intangible assets and goodwill, net, by reportable segment:
Intangible assets, net and goodwill
AAON Oklahoma$20,844 $22,966 
AAON Coil Products3,759 — 
BASX137,704 137,186 
            Total intangible assets, net and goodwill$162,307 $160,152