AAR re-segments into four units; recasts FY22-23 financials by new structure

AAR CORP

Aviation Services split into Parts Supply, Repair & Engineering, Integrated Solutions; Expeditionary Services remains.
FY2023 recast total sales $2,076.8M vs. FY2022 $1,927.7M under new segments.
FY2023 segment operating income: Parts Supply $93.7M, Repair & Engineering $35.3M, Integrated Solutions $30.5M, Expeditionary Services $7.7M.
CODM to evaluate segments based on operating income instead of gross profit; prior periods recast but no change to total net income.
Change reflects how management allocates resources and assesses performance, effective Q1 FY2024.

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