---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-035087"
form_type: "8-K"
ticker: "AIR"
cik: "0000001750"
company_name: "AAR CORP"
filed_at: "2023-03-21T23:59:59+00:00"
generated_at: "2026-06-17T22:22:49.969675+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-035087
- form_type: 8-K
- ticker: AIR
- cik: 0000001750
- company_name: AAR CORP
- filed_at: 2023-03-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750/000110465923035087/0001104659-23-035087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750/000110465923035087/tm239560d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-035087
- JSON: https://secwatch.observer/filing/0001104659-23-035087.json
- Plain text: https://secwatch.observer/filing/0001104659-23-035087.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750/000110465923035087/0001104659-23-035087-index.htm

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