earnings
confidence high
sentiment positive
materiality 0.80
AAR reports Q4 record sales $657M, adj EPS $0.88; raises margin targets
AAR CORP
2024-FY EPS reported
$1.29
revenue$2,318,900,000
- Q4 sales $656.5M (+19% YoY); GAAP EPS $0.26 vs $0.66; adjusted EPS $0.88 vs $0.83.
- Full year sales $2.3B (+17%); GAAP EPS $1.29 vs $2.52; adjusted EPS $3.33 vs $2.86.
- Q4 adjusted operating margin 9.3% (+150bps YoY); full year adj op margin 8.3% (+80bps).
- Raises 3-5yr targets: adj op margin to 10.5-11.5%+ (from 9-10%+); adj EPS growth 10-15%+.
- Net leverage 3.30x; Q4 operating cash flow $24.5M; $52.5M remaining on buyback program.