---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-080853"
form_type: "8-K"
ticker: "AIR"
cik: "0000001750"
company_name: "AAR CORP"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:46:02.040382+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AAR reports Q4 record sales $657M, adj EPS $0.88; raises margin targets

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-080853
- form_type: 8-K
- ticker: AIR
- cik: 0000001750
- company_name: AAR CORP
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750/000110465924080853/0001104659-24-080853-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750/000110465924080853/tm2419476d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-080853
- JSON: https://secwatch.observer/filing/0001104659-24-080853.json
- Plain text: https://secwatch.observer/filing/0001104659-24-080853.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.