John Ratz's questions to Aaon Inc (AAON) leadership • Q2 2025
Question
John Ratz asked for insight into the P&L impact of the Memphis facility in 2026 versus 2025, clarification on the company's plan for providing 'regular updates' on the ERP implementation, and the outlook for working capital investment in the second half of the year.
Answer
CEO Matt Tobolski projected that the Memphis facility would transition from a cost drag in 2025 to a positive financial contributor in 2026 as revenue ramps up. Director of IR Joseph Mondillo stated that 'regular updates' on the ERP would be provided as significant milestones are hit. CFO Rebecca Thompson anticipated that working capital needs would continue in H2 to support growth but should begin to ease by the back half of the year.