AAON reported record third-quarter net sales of $707 million, up 84% year over year, while adjusted EPS rose to $0.83. It raised its 2026 sales growth forecast to 72%–75%, and total backlog grew 40% year over year to approximately $1.9 billion. The company disclosed a $10.7 million revenue restatement and a material weakness in internal controls; its stock rose 14.6% following the updated results announcement. Ameresco reported non-GAAP EPS of $0.88, beating estimates by $0.31, and revenue of $580.3 million, $7.41 million above estimates.
Net sales jumped 84.1% to $707.4 million, while backlog grew year over year despite declining from the prior quarter, and the company reissued first-half results.
Read the full storyAAON raised its full-year sales growth guidance to 72%-75% following record third-quarter sales of $707.4 million, despite disclosing a material weakness in internal controls.