---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-128650"
form_type: "8-K"
ticker: "AIR"
cik: "0000001750"
company_name: "AAR CORP"
filed_at: "2022-12-20T23:59:59+00:00"
generated_at: "2026-06-21T01:50:37.814575+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-128650
- form_type: 8-K
- ticker: AIR
- cik: 0000001750
- company_name: AAR CORP
- filed_at: 2022-12-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750/000110465922128650/0001104659-22-128650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750/000110465922128650/tm2232705d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-128650
- JSON: https://secwatch.observer/filing/0001104659-22-128650.json
- Plain text: https://secwatch.observer/filing/0001104659-22-128650.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750/000110465922128650/0001104659-22-128650-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.