---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-111403"
form_type: "8-K"
ticker: "AIR"
cik: "0000001750"
company_name: "AAR CORP"
filed_at: "2026-09-28T20:58:22+00:00"
generated_at: "2026-10-12T13:37:33.335372+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AAR Q1 FY27 sales $918M up 24%, adjusted EPS $1.49; to acquire 65% of MRO Holdings

## Summary
- Q1 FY27 sales $918.0M, up 24% from $739.6M; net income $40.1M vs $34.4M; GAAP diluted EPS $1.00 vs $0.95.
- Adjusted diluted EPS $1.49, up 38% YoY; adjusted EBITDA $117M, up 34%; adjusted EBITDA margin 12.7% vs 11.7%.
- Parts Supply sales +31% with 23% organic growth in new parts Distribution; Repair, Engineering & Software +31%; Government Solutions +4%.
- FY27 guidance: sales growth ex-LCP 'low teens' vs prior 'low double-digits to low teens'; Q2 sales growth ex-LCP 14-16%, adjusted EBITDA margin ex-LCP 13.0-13.4%.
- Definitive agreement to acquire 65% controlling interest in MRO Holdings; terms not disclosed; Q1 cash from operations $55.8M; net leverage 1.81x.

## SEC filing metadata
- accession: 0001104659-26-111403
- form_type: 8-K
- ticker: AIR
- cik: 0000001750
- company_name: AAR CORP
- filed_at: 2026-09-28T20:58:22+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750/000110465926111403/0001104659-26-111403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750/000110465926111403/tm2626100d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-111403
- JSON: https://secwatch.observer/filing/0001104659-26-111403.json
- Plain text: https://secwatch.observer/filing/0001104659-26-111403.txt

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