Alex Hangman's questions to Aaon Inc (AAON) leadership • Q4 2024
Question
Speaking for Julio Romero, Alex Hangman asked about the demand for denser data centers and its impact on liquid cooling, and requested an update on the development of the clean rooms end market.
Answer
President and COO Matthew Tobolski explained that higher-density computing for AI is driving growth in both liquid cooling solutions and the necessary air-side cooling required in those data centers. Regarding clean rooms (for semiconductor, pharma, and EV battery facilities), he described the market as "lumpy" with more project-based volatility compared to the consistent growth in data centers, but noted that AAON continues to see strong investment in onshoring and battery facility build-outs.