secwatch.observer — SEC 8-K summary
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Issuer:     AAR CORP (AIR)
CIK:        0000001750
Form:       8-K
Filed at:   2023-09-26T23:59:59+00:00
Accession:  0001104659-23-103881
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750/000110465923103881/0001104659-23-103881-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750/000110465923103881/tm2326872d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-103881

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