AAR reports record Q3 sales of $567M, adjusted EPS $0.85 up 13% YoY

AAR CORP

2024-Q3 EPS reported $1.04 revenue$1,662,400,000

Sales $567.3M (+9% YoY); commercial sales up 18% to 70% of mix.
GAAP diluted EPS $0.39 (down from $0.62); adjusted EPS $0.85 (up from $0.75).
Closed acquisition of Triumph Product Support for $725M; financed with $550M 6.75% senior notes due 2029.
Adjusted operating margin expanded to 8.3% from 7.6% YoY; gross margin 19.4%.
Cash from ops $20.4M; net debt $207.8M, net leverage 0.95x.

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 0.9

AAR CORP reported third quarter ended February 29, 2024 results: revenue $567.3 million, net income $14.0 million, EPS $0.39 per diluted share.

Period: third quarter ended February 29, 2024
Revenue: $567.3 million
Net income: $14.0 million
EPS: $0.39 per diluted share
Result: reported results

Exact text from the filing

AAR reports third quarter fiscal year 2024 results · Record third quarter sales of $567 million, up 9% over the prior year · Third quarter GAAP diluted earnings per share from continuing operations of $0.39, compared to $0.62 in Q3 FY2023

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Source: SEC EDGAR

accession 0001104659-24-037286

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