AAR posts Q2 sales up 16% to $545M; adjusted EPS $0.81 beats $0.69; announces $725M Triumph Product Support acquisition

AAR CORP

2024-Q2 EPS reported $0.65 revenue$1,095,100,000

Q2 sales $545.4M (+16% YoY); GAAP EPS $0.67 (vs $0.64); adjusted EPS $0.81 (vs $0.69, +17%).
Adjusted operating margin 8.1% (11th consecutive quarter of expansion) vs 7.6% prior year.
Agreed to acquire Triumph Group's Product Support business for $725M; deal expected to close later.
Cash from ops $17.4M; net debt $211.9M (leverage 1.01x); no share repurchases in FY2024.
New contract wins: Alaska Airlines MRO, MTU PW2000 parts, Woodward DLA, Pegasus warranty.

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