secwatch.observer — SEC 8-K summary
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Issuer:     AAR CORP (AIR)
CIK:        0000001750
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001104659-24-080853
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750/000110465924080853/0001104659-24-080853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750/000110465924080853/tm2419476d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-080853

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