secwatch.observer — SEC 8-K summary
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Issuer:     AAR CORP (AIR)
CIK:        0000001750
Form:       8-K
Filed at:   2022-12-20T23:59:59+00:00
Accession:  0001104659-22-128650
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750/000110465922128650/0001104659-22-128650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750/000110465922128650/tm2232705d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-128650

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer