secwatch.observer — SEC 8-K summary
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Issuer:     AAR CORP (AIR)
CIK:        0000001750
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001104659-24-037286
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750/000110465924037286/0001104659-24-037286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750/000110465924037286/tm249269d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-037286

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