AAON (AAON) shares were down over 14% in recent Tuesday trading, even as the company affirmed its three-year growth targets.
The company told participants at its investor day presentation that it expects three-year organic sales to grow at a compound annual growth rate of over 12.5%.
The company's AAON brand is expected to grow in mid-single digits while BASX is expected to grow 40% from levels in 2024, according to the company's presentation slides.
Also, the company affirmed its outlook that gross margin should land in the 32% to 35% range.
Price: 80.35, Change: -13.62, Percent Change: -14.49
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