secwatch.observer — SEC 8-K summary
======================================

Issuer:     AAR CORP (AIR)
CIK:        0000001750
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001104659-23-128211
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750/000110465923128211/0001104659-23-128211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750/000110465923128211/tm2333067d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-128211

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