AAR reports Q3 FY23 sales $521M (+15%), adj EPS $0.75 (+19%); acquires Trax

AAR CORP

2023-Q3 EPS reported $1.88 revenue$1,437,200,000

Q3 sales $521.1M, up 15% YoY; GAAP diluted EPS $0.62 vs $0.63 prior year.
Adjusted diluted EPS from continuing ops $0.75, up 19% from $0.63 in Q3 FY22.
Acquired Trax, a provider of aircraft MRO and fleet management software; pro forma net leverage 1.35x.
Commercial sales up 28% YoY; government sales down 3%; commercial mix 65% of sales.
Cash from ops $17.4M; net debt $135.3M; net leverage 0.75x; no shares repurchased.

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 0.9

AAR CORP reported third quarter ended February 28, 2023 results: revenue $521.1 million, net income $21.8 million, EPS $0.62 per diluted share.

Period: third quarter ended February 28, 2023
Revenue: $521.1 million
Net income: $21.8 million
EPS: $0.62 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 third quarter fiscal year 2023 consolidated sales of $521.1 million and income from continuing operations of $21.8 million, or $0.62 per diluted share.

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Source: SEC EDGAR

accession 0001104659-23-035087

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