secwatch.observer — SEC 8-K summary
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Issuer:     AAR CORP (AIR)
CIK:        0000001750
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0001104659-23-082021
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AAR Q4 adjusted EPS $0.83 (+15% YoY), sales $553M (+16%); FY adjusted EPS $2.86 (+20%)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750/000110465923082021/0001104659-23-082021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750/000110465923082021/tm2320884d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-082021

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