AAON reports first quarter results.

TULSA, Okla.--(BUSINESS WIRE)--April 23, 1996--AAON, Inc. (NASD-AAON) today reported revenues of $13.4 million for the first quarter ended March 31, 1996 compared with $17.8 million for the same quarter a year ago. Net income for the quarter was $419,000 or 7 cents per share compared with $852,000 or 14 cents per share in 1995.

Norman Asbjornson, president stated, "The revenue decrease this year as compared to 1995 was primarily due to a reduced level of business with two major customers. While sales to other customers continue to increase, total sales in 1996 are expected to remain below the previous year. The earnings reduction was attributable to the lower sales volume, pricing and production inefficiencies. We expect gradual improvement in all of these areas over the remainder of the year."

"After experiencing a substantial loss at our Longview, Texas coils manufacturing plant in 1995, CP/AAON, Inc. reported a profit for the first quarter of 1996. We expect the operations of this subsidiary to remain profitable the rest of the year." -0-

AAON, INC. (O)
 Quarter March 31:              1996(a)            1995(a)
Revenues                     $13,438,000        $17,846,000
Net income                   $   419,000        $   852,000
Avg shares                     6,116,000          6,326,000
Share earnings
  Net income                 $       .07(b)     $       .14(b)

(a) - Unaudited.
(b) - Calculated based on weighted average shares outstanding and
      common stock equivalents.

CONTACT: AAON, INC.

William A. Bowen, 918/583-2266