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Why Shares of AAON Soared in May

TheMotleyFool

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Shares in heating, ventilation, air conditioning (HVAC) company AAON (NASDAQ: AAON) rose 13.7% in May, according to data from S&P Global Market Intelligence. The move comes on the back of a startlingly strong set of first-quarter earnings released in on May 7.

You'd think the global economy hadn't slowed at all when looking at the industrial company's 21% year-over-year rise in net sales in the first quarter. The bumper sales increase fed through into a whopping 150% increase in net income in the quarter to $21.8 million.

Image source: Getty Images.

Source Fool.com

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