secwatch.observer — SEC 8-K summary
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Issuer:     AAR CORP (AIR)
CIK:        0000001750
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001104659-23-035087
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750/000110465923035087/0001104659-23-035087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750/000110465923035087/tm239560d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-035087

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