8-K
filed July 18, 2023, 7:59 PM ET
ticker AIR
CIK 0000001750
earnings
confidence high
sentiment positive
materiality 0.80
AAR Q4 adjusted EPS $0.83 (+15% YoY), sales $553M (+16%); FY adjusted EPS $2.86 (+20%)
AAR CORP
2023-FY EPS reported
$2.53
revenue$1,990,500,000
- Q4 sales $553.3M (+16% YoY); GAAP diluted EPS $0.66 (flat YoY); adjusted EPS $0.83 (+15% from $0.72).
- FY2023 sales $2.0B (+9%); GAAP EPS $2.52 vs $2.16; record adjusted EPS $2.86 (+20% from $2.38).
- Commercial customer sales rose 31% in Q4; government sales fell 7%; commercial mix 69% of sales.
- Announced expansion of United Airlines MRO relationship to minimum 10 lines; new 3-bay hangar in Miami with county cost reimbursement.
- Operating cash flow from cont ops $45.3M in Q4; net debt $203.6M, net leverage 1.07x; no share repurchases in Q4.
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 fiscal year 2023 results: revenue $2.0 billion, net income $89.8 million, EPS $2.52 per diluted share.
- Period
- fiscal year 2023
- Revenue
- $2.0 billion
- Net income
- $89.8 million
- EPS
- $2.52 per diluted share
- Result
- reported results
Exact text from the filing
$0.83 in Q4 FY2023, up 15% from $0.72 in Q4 FY2022 · Fourth quarter cash flow provided by operating activities from continuing operations of $45 million · Full year sales of $2.0 billion, up 9% over the prior year · Full year GAAP diluted earnings per share from continuing operations of $2.52, compared to $2.16 in FY2022; record adjusted earnings of $2.86 in
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AAR CORP reported fourth quarter ended May 31, 2023 results: revenue $553.3 million, net income $23.2 million, EPS $0.66 per diluted share.
- Period
- fourth quarter ended May 31, 2023
- Revenue
- $553.3 million
- Net income
- $23.2 million
- EPS
- $0.66 per diluted share
- Result
- reported results
Exact text from the filing
today reported fourth quarter fiscal year 2023 consolidated sales of $553.3 million and income from continuing operations of $23.2 million, or $0.66 per diluted share.
View on SEC.gov
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