AAR Q2 FY2023 adjusted EPS $0.69 beats prior year $0.53; sales $469.8M up 8%

AAR CORP

2023-Q2 EPS reported $1.27 revenue$916,100,000

GAAP diluted EPS from continuing ops $0.64 vs $0.58 YoY; adjusted EPS $0.69 vs $0.53 (up 30%).
Sales $469.8M (+8% YoY); commercial sales up 21% to 66% of mix; government sales down 12%.
Adjusted gross margin improved to 18.8% from 16.7% YoY; adjusted operating margin 7.6% vs 6.1%.
Announced contract expansions with Unison Industries, flydubai, Cebu Pacific, and Leach International.
Repurchased $28.2M in shares; net debt $149.0M; net leverage 0.88x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AAR CORP reported the second quarter ended November 30, 2022 results: revenue $469.8 million, net income $22.5 million, EPS $0.64 per diluted share.

Period: the second quarter ended November 30, 2022
Revenue: $469.8 million
Net income: $22.5 million
EPS: $0.64 per diluted share
Result: reported results

Exact text from the filing

AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported second quarter fiscal year 2023 consolidated sales of $469.8 million and income from continuing operations of $22.5 million, or $0.64 per diluted share.

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Source: SEC EDGAR

accession 0001104659-22-128650

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