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Stock impact report

AAON Announces Price Increase

AAON, Inc. (AAON) 
Last aaon, inc. earnings: 2/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: aaon.com/investors
Company Research Source: GlobeNewswire
TULSA, Okla., March 09, 2021 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON) today announced a price increase of 4% on all AAON HVAC equipment. This price increase is a direct result of increased raw material and component costs, including stainless steel, galvanized steel and copper, which are up 30 to 50% compared to last year. The price increase is effective June 1st, 2021. “As raw material prices have continued to rise considerably, this is also driving a 3 to 4% increase in our component costs. We intend to stay ahead of these inflationary pressures and must increase the price of AAON equipment,” said Gary Fields, AAON President and CEO. About AAONAAON is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, co Show less Read more
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