AAR Q1 FY2024 sales up 23% to $549.7M; adjusted EPS $0.78 beats prior year $0.61

AAR CORP

2023-Q1 EPS reported -$0.02 revenue$549,700,000

GAAP diluted loss per share $0.02 includes $0.70 pension settlement and Russian legal charges.
Parts Supply revenue up 40% YoY; commercial customer sales increased 34%.
Adjusted operating margin improved to 7.3% from 6.9% in prior year.
New multi-year agreements with Moog Inc. and Pall Corporation announced.
Net leverage 1.18x; $57.6M remaining on share repurchase program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AAR CORP reported first quarter ended August 31, 2023 results: revenue $549.7 million, net income loss from continuing operations of $0.6 million, EPS $0.02 per diluted share.

Period: first quarter ended August 31, 2023
Revenue: $549.7 million
Net income: loss from continuing operations of $0.6 million
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported first quarter fiscal year 2024 consolidated sales of $549.7 million and loss from continuing operations of $0.6 million, or $0.02 per diluted share.

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Source: SEC EDGAR

accession 0001104659-23-103881

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