---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-103881"
form_type: "8-K"
ticker: "AIR"
cik: "0000001750"
company_name: "AAR CORP"
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T08:46:07.846908+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-103881
- form_type: 8-K
- ticker: AIR
- cik: 0000001750
- company_name: AAR CORP
- filed_at: 2023-09-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750/000110465923103881/0001104659-23-103881-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750/000110465923103881/tm2326872d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-103881
- JSON: https://secwatch.observer/filing/0001104659-23-103881.json
- Plain text: https://secwatch.observer/filing/0001104659-23-103881.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750/000110465923103881/0001104659-23-103881-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.