US Market News
1月前
AAR announces segment realignment and wind-down of Commercial Programs businessMay 6, 2026 4:05 PM
PR Newswire (US) WOOD DALE, Ill., May 6, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that beginning with the fourth quarter of fiscal year 2026, the Company will report under a new structure using the following four operating segments: Parts Supply remains unchanged from the prior structure, primarily consisting of new parts Distribution and used serviceable material.Repair, Engineering, and Software primarily consists of maintenance, repair, and overhaul (MRO) services across airframe (Airframe MRO) and components (Component MRO), and AAR's software platforms, including Trax, Aerostrat, and Airvoyant.Government Solutions primarily consists of AAR's fleet management and operations of customer-owned aircraft and performance-based logistics programs (Government Programs), and AAR's Mobility Systems activity previously reported as Expeditionary Services.Legacy Commercial Programs primarily consists of asset-heavy flight hour-based component repair programs for commercial airlines, previously reported within Integrated Solutions.AAR also announced today that it intends to wind down its Legacy Commercial Programs business. For the last twelve months ended February 28, 2026, the Legacy Commercial Programs business contributed sales of $252.4 million, a GAAP operating loss of ($0.2) million, and adjusted operating income of $5.0 million. Net assets of the Legacy Commercial Programs segment as of February 28, 2026 were approximately $160 million."Our segment realignment reflects AAR's continued focus on growth, margin expansion, and additional cash flow generation," said John M. Holmes, AAR's Chairman, President and CEO. "Legacy Commercial Programs requires significant asset pools and no longer meets our capital return thresholds. We anticipate that the wind-down of this segment will take approximately three to four years. During that timeframe, we expect the results will include periodic gains as we divest the assets that support these programs. We also plan to redeploy the talented team supporting these activities to other AAR growth initiatives. Once complete, we believe the wind-down of Legacy Commercial Programs will result in a more simplified business model with higher margins and improved returns on capital."The Company's guidance for the fourth quarter and fiscal year 2026, ending May 31, 2026, is unchanged and not affected by the segment realignment or plans to wind down its Legacy Commercial Programs business.Concurrently with this press release, the Company has furnished a Current Report on Form 8-K with a recast of comparable prior year segment financial information for fiscal years 2024 and 2025 and for certain previously reported quarters in fiscal years 2025 and 2026, along with a summary presentation that is posted on the Investors section of AAR's corporate website. The Company's consolidated balance sheets, income statements, and cash flows are not affected.About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply; Repair, Engineering, and Software; Government Solutions; and Legacy Commercial Programs. Additional information can be found at aarcorp.com.This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including the wind-down of the Company's Legacy Commercial Programs business and anticipated benefits. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law.Contact:
Chris Tillett – Investor Relations
+1-630-227-5830
investors@aarcorp.com View original content to download multimedia:https://www.prnewswire.com/news-releases/aar-announces-segment-realignment-and-wind-down-of-commercial-programs-business-302764562.htmlSOURCE AAR CORP. Original: AAR announces segment realignment and wind-down of Commercial Programs business
US Market News
2月前
AAR completes acquisition of Aircraft Reconfig TechnologiesApril 24, 2026 2:35 PM
PR Newswire (US)
The acquisition immediately expands AAR's engineering and certification capabilitiesWOOD DALE, Ill., April 24, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced the completion of its acquisition of Aircraft Reconfig Technologies (ART) from ZIM Aircraft Cabin Solutions. ART is an engineering company specializing in passenger aircraft reconfiguration for global airlines.
The acquisition immediately expands AAR's engineering and certification capabilitiesOn December 17, 2025, AAR announced it had entered into a definitive agreement to acquire ART for $35 million in an all-cash transaction, subject to customary adjustments."This acquisition adds FAA Organization Designation Authorization (ODA) to AAR's Engineering Services capabilities, which will enable AAR to issue supplemental type certificates (STCs) and Parts Manufacturer Approval (PMA) without reliance on third parties," said Tom Hoferer, AAR's Senior Vice President of Repair & Engineering. "Having an ODA enhances our aircraft cabin interior design, manufacturing, and certification offerings, and we are excited to welcome ART to the AAR team."About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including anticipated activities and benefits related to the acquisition. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/aar-completes-acquisition-of-aircraft-reconfig-technologies-302753237.htmlSOURCE AAR CORP.
Original: AAR completes acquisition of Aircraft Reconfig Technologies
US Market News
2月前
AAR and Woodward sign multi-year commercial distribution agreementApril 22, 2026 8:00 AM
PR Newswire (US)
WOOD DALE, Ill., April 22, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year commercial distribution agreement with Woodward, a world leader in the design and manufacture of aerospace and industrial controls.
Under the agreement, AAR will serve as the preferred distributor of Woodward high-demand consumable parts, including fuel filters, gaskets, and seals, for the CFM LEAP*, GEnx, and CF34 engines, direct to commercial airlines. These parts are critical to ensuring optimal engine performance and reliability and represent some of the highest-demand components in commercial aviation today.This agreement expands an existing relationship: AAR has distributed Woodward parts to the defense market, and this agreement extends that proven channel into commercial aviation. For customers, that means direct access to Woodward components through AAR's global warehouse network, with faster delivery and reliable support, including in Aircraft on Ground (AOG) situations."Customers depend on commercial engine consumables to keep these engines running reliably, and getting those parts quickly is critical," said Jacob Roush, Vice President Sales and Marketing for Woodward. "AAR's global reach and proven distribution track record make them the right partner to put Woodward parts where airlines need them, when they need them.""This new agreement recognizes AAR's success in distributing Woodward parts to the defense market and Woodward's confidence in our ability to deliver the same results to the commercial aviation market. We are excited to expand our parts offerings for these critical high-growth engines," said Frank Landrio, AAR's Senior Vice President of Distribution.For more information on AAR's new parts Distribution, part of the Company's Parts Supply segment, visit https://www.aarcorp.com/en/parts/new-parts/.About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.About Woodward
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world's harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including anticipated activities and benefits related to the commercial distribution agreement. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.*LEAP engines are a product of CFM International, a 50/50 joint company between GE Aerospace and Safran Aircraft Engines.Contacts:
AAR Media Team
+1-630-227-5100
Editor @tonto-559-8840
Jennifer.regina@woodward.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/aar-and-woodward-sign-multi-year-commercial-distribution-agreement-302749697.htmlSOURCE AAR CORP.
Original: AAR and Woodward sign multi-year commercial distribution agreement
US Market News
2月前
AAR launches Airvoyant?, an AI-driven procurement platform for airlines and MROsApril 21, 2026 7:00 AM
PR Newswire (US)
WOOD DALE, Ill., April 21, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today the launch of Airvoyant, an AI-powered aviation procurement solution that connects buyers directly to suppliers, searches available inventory, requests and consolidates quotes, and guides users to a streamlined, one-click purchasing decision. Powered by Amazon Web Services (AWS), the platform directly integrates with Aeroxchange's extensive ecosystem of more than 5,000 suppliers.
"These AI tools will reshape how customers source and procure parts, plan maintenance, and optimize operations."Built for airlines and MROs, the Airvoyant platform automates the traditionally manual parts sourcing process and integrates with Trax and other enterprise resource planning (ERP) systems, embedding intelligent procurement directly into customers' existing operational workflows.The platform's AI Agent workforce analyzes inbound supplier quotes and generates purchase recommendations based on historical procurement data, including prior transactions, pricing patterns, and supplier performance. By surfacing insights not readily accessible through manual review, the Airvoyant platform lays the foundation for autonomous ordering.Additional AI agents focused on demand consolidation, vendor optimization, and automated negotiation are expected to launch later this year, expanding Airvoyant's intelligent procurement capabilities.Delta Air Lines and Air Canada are collaborating with Airvoyant as subject matter experts, providing early feedback and real-world perspective to help shape the evolution of the platform.Air Europa, Allegiant, Atlas Air, JetBlue, Thai Airways, and Virgin Atlantic are serving as launch partners and advisors, experiencing how Airvoyant can transform their MRO parts procurement.Built natively on AWS, Airvoyant benefits from a highly resilient cloud architecture, enabling real-time processing, seamless integration with enterprise systems, and continuous learning capabilities across its AI agents. This approach ensures customers can adopt advanced automation with confidence, backed by industry-leading security and compliance standards. Today, most aircraft parts procurement relies on fragmented systems, email-driven RFQs, and manual quote comparison. Airvoyant overcomes this complexity with a unified, AI-driven system that optimizes sourcing decisions, improves visibility into lead times, strengthens supply chain planning, and unlocks measurable savings on parts spend.Customers will also benefit from a direct integration with Aeroxchange, enabling the agent-driven platform to instantly access a broad, trusted network of vendors. The connectivity of solutions accelerates sourcing, expands supplier reach, and enhances decision-making across the procurement lifecycle, bringing greater speed, efficiency, and intelligence to airlines and MROs.Following Trax and Aerostrat, Airvoyant becomes the third company in AAR's growing aviation software portfolio, reinforcing AAR's long-term commitment to developing the next generation of software for airline and MRO operations."AAR continues to invest in our transformative software platforms to bring increased efficiency to all corners of the aviation industry," said John M. Holmes, AAR's Chairman, President and CEO. "Airvoyant represents the first scalable solution to deliver agentic AI to airlines and MROs. These AI tools will reshape how customers source and procure parts, plan maintenance, and optimize operations."For more information on AAR's software portfolio, visit https://www.aarcorp.com/en/software/. For more information on Airvoyant, visit https://www.airvoyant.com/.About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.About Airvoyant?
Airvoyant is an AI-driven, fully integrated aviation parts procurement solution. The platform and associated agents automate workflows and analyze real-time data to deliver rapid purchase decisions, reduced parts spend, and increased operational reliability. Airvoyant is a wholly owned subsidiary of AAR CORP. Additional information can be found at https://www.airvoyant.com/.This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including anticipated activities and benefits related to the Airvoyant platform and the use of artificial intelligence. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/aar-launches-airvoyant-an-ai-driven-procurement-platform-for-airlines-and-mros-302748577.htmlSOURCE AAR CORP.
Original: AAR launches Airvoyant?, an AI-driven procurement platform for airlines and MROs
US Market News
2月前
AAR awarded $305 million follow-on C-40A contract for U.S. Navy and Marine CorpsApril 14, 2026 4:30 PM
PR Newswire (US)
WOOD DALE, Ill., April 14, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today the Company was awarded an approximately $305 million contract to provide contractor logistics support for the United States Navy and Marine Corps C-40A fleet. AAR's support will ensure the aircraft's continued operational readiness and long-term sustainment, reinforcing its ability to meet mission requirements.
The firm-fixed-price indefinite-delivery/indefinite-quantity contract includes main operating base logistics and material support; field team and detachment support; scheduled and unscheduled depot level aircraft and component maintenance, modification, and repair; commercial line maintenance; and scheduled and unscheduled organizational level and depot level support equipment maintenance, modification, and repair."AAR has ensured the United States' C-40A fleet is ready to meet global mission demands," said Nicholas Gross, AAR's Senior Vice President of Integrated Solutions. "We are proud to extend that commitment, applying our expertise and scalable, cost-effective solutions so our government partners can operate with confidence, agility, and unwavering effectiveness."For more information on AAR's Government Solutions, visit https://www.aarcorp.com/en/government-solutions/.About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including anticipated activities and benefits related to the contract. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/aar-awarded-305-million-follow-on-c-40a-contract-for-us-navy-and-marine-corps-302742111.htmlSOURCE AAR CORP.
Original: AAR awarded $305 million follow-on C-40A contract for U.S. Navy and Marine Corps
US Market News
3月前
AAR reports third quarter fiscal year 2026 resultsMarch 24, 2026 4:05 PM
PR Newswire (US)
WOOD DALE, Ill., March 24, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, reported today ?nancial results for the ?scal year 2026 third quarter ended February 28, 2026.THIRD QUARTER FISCAL YEAR 2026 HIGHLIGHTS
(As compared to Q3 FY2025)Sales of $845 million; increased 25%GAAP diluted EPS of $1.71Adjusted diluted EPS of $1.25; increased 26%GAAP Net income of $68 millionAdjusted EBITDA of $102 million; increased 26%Adjusted EBITDA margin increased to 12.1% from 12.0%"AAR delivered another outstanding quarter, continuing our momentum. Total sales were up 25%, including 14% organic adjusted sales growth," stated John M. Holmes, AAR's Chairman, President and CEO. "We saw growth across each of our parts, repair, and software platform activities in the quarter. Our Parts Supply segment grew 45% led by 36% organic growth in our new parts Distribution activity. Within new parts Distribution we saw 55% organic growth in sales to our government customers. Our Repair & Engineering business also reported strong sales growth in the period on continued volume increases in our hangars and component repair facilities, while Trax results showcased further expansion of its recurring software revenue."Our continued strong revenue growth translated to an adjusted EBITDA increase of 26% in the quarter, and we expanded our adjusted EBITDA margins from 12.0% to 12.1% year over year. We expect continued margin expansion as we shift our sales mix to higher margin offerings as well as realize synergies from our recent acquisitions."Regarding acquisitions, the execution of our integration and performance improvement plan for HAECO Americas is progressing well and is ahead of schedule. Furthermore, our acquisition of ADI is exceeding our expectations, and we continue to find new opportunities for growth, particularly given its government product lines. Finally, we remain on track to close our acquisition of A-R-T in the fourth quarter of fiscal year 2026."We also made solid progress with respect to our leverage. Cash from operations was $75 million in the quarter, which helped us to reduce net leverage to 2.17x. We are now comfortably within our target range of 2.0x to 2.5x, giving us flexibility to continue funding our strategic growth.Holmes concluded, "We see significant opportunity for continued profitable growth ahead, supported by resilient and growing demand for our aviation aftermarket solutions. We are closely following the conflict in the Middle East and are in constant contact with our customers. Fundamental demand for air travel remains extremely strong, and we are the preferred solution for the markets we serve. We remain extremely well positioned in the market and are committed to delivering for our customers in all environments while executing on our disciplined growth strategy."RECENT UPDATESCommenced exclusive distribution agreement with TRIUMPH for its actuation power line on Boeing and Airbus commercial platformsRecently awarded new multi-year contracts with the U.S. Air Force to repair and build new pallets at our Mobility Systems location worth up to $450 millionCompleted Oklahoma City Airframe MRO facility expansion, inducted first aircraft in early MarchTrax signed a multi-year contract expansion with Air Atlanta Icelandic to add eMobility and cloud hosting solutions to its current eMRO platform offeringSigned a new agreement with Otto Instrument Service to distribute the LASEREF IV inertial reference system product line, further broadening our new parts Distribution activities in the business aviation marketTHIRD QUARTER FISCAL YEAR 2026 RESULTSConsolidated third quarter sales increased 25% to $845.1 million, compared to $678.2 million in the same quarter last year. Sales to commercial customers increased 27%, or $130 million, primarily due to double-digit organic growth across new parts Distribution within the Company's Parts Supply segment and the impact of the Company's acquisitions of HAECO Americas and ADI. Sales to government customers increased 19% over the same period last year, primarily due to increased order volume for new parts Distribution activities and the impact of ADI's sales to government customers. Sales to commercial customers were 73% of consolidated sales, compared to 72% in the prior year quarter.The Company reported net income of $68.0 million, or $1.71 per diluted share. For the third quarter of the prior year, the Company reported a net loss of $8.9 million, or $0.25 per share. The prior year quarter included a pre-tax charge of $63.7 million associated with the divestiture of the Company's Landing Gear Overhaul business. Adjusted diluted earnings per share in the third quarter of fiscal year 2026 were $1.25, compared to $0.99 in the third quarter of the prior year.Selling, general, and administrative expenses were $89.8 million in the current quarter, compared to $61.3 million in the prior year quarter. The prior year quarter included the reversal of a legal charge of $11.1 million related to a Russian court judgment, which we successfully appealed. Acquisition, amortization, and integration expenses were $8.7 million in the quarter, compared to $5.3 million in the prior year quarter.Operating margins were 7.8% in the quarter, compared to 10.5% in the prior year quarter. Adjusted operating margin increased to 10.2% in the current year quarter from 9.7% in the prior year quarter, primarily as a result of increased volume and pro?tability in the Company's new parts Distribution activities.Net interest expense for the quarter was $17.1 million, compared to $18.1 million last year. Average diluted share count increased from 35.4 million shares in the prior year quarter to 39.5 million shares in the current year quarter primarily due to the Company's equity offering in the second quarter of fiscal year 2026.Cash ?ow provided by operating activities was $74.7 million during the current quarter, compared to cash used in operating activities of $18.7 million in the prior year quarter. As of February 28, 2026, net debt was $816.5 million and net leverage was 2.17x.FOURTH QUARTER AND FULL YEAR FY2026 GUIDANCEThe Company is providing the following guidance for the fourth quarter and full year fiscal 2026:
Fourth quarter FY2026As of March 24, 2026Total sales growth19% - 21%Organic sales growth16% - 8%Adjusted operating margin10.2% - 10.5%1 Organic sales growth reflects growth from prior year adjusted organic sales for the relevant period, which excludes Landing Gear sales and impact of acquisitions completed in FY2026.
Full year FY2026PriorAs of January 6, 2026CurrentAs of March 24, 2026Total sales growthApproaching 17%~19%Organic sales growth1Approaching 11%~12%Conference call informationOn Tuesday, March 24, 2026, at 4 p.m. Central time, AAR will hold a conference call to discuss the results. A listen-only webcast and slides can be accessed at https://edge.media-server.com/mmc/p/8n3xaah2. Participants may join via phone by registering at https://register-conf.media-server.com/register/BI0f6731dbbd854a97a0fbedce9ab66e73. Once registered, participants will receive a dial-in number and a unique PIN that will allow them to access the call. A replay of the conference call will be available for on-demand listening shortly after the completion of the call at the webcast link and will remain available for approximately one year.The slides are also available on AAR's website at https://www.aarcorp.com/en/investors/quarterly-results/. About AARAAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com/.Contact: Chris Tillett – Investor Relations | +1-630-227-5830 | investors@aarcorp.comThis press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, which reflect management's expectations about future conditions, including, but not limited to, our fourth quarter and full year FY2026 guidance, execution of strategies, continued demand in the commercial and government aviation markets; market position; anticipated activities and benefits related to new or expanding business relationships; expected contributions and synergies related to acquisitions; expansion of capabilities and operational footprint; opportunities for margin improvement through operations, integration activities and other efficiency initiatives; and continued sales and margin growth, earnings performance, debt management, and capital allocation.Forward-looking statements often address our expected future operating and financial performance and financial condition, or targets, goals, commitments, and other business plans, and often may also be identified because they contain words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "likely," "may," "might," "plan," "potential," "predict," "project," "seek," "should," "target," "will," "would," or similar expressions and the negatives of those terms.These forward-looking statements are based on the beliefs of Company management, as well as assumptions and estimates based on information available to the Company as of the dates such assumptions and estimates are made, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, depending on a variety of factors, including: (i) factors that adversely affect the commercial aviation industry; (ii) adverse events and negative publicity in the aviation industry; (iii) a reduction in sales to the U.S. government and its contractors; (iv) cost overruns and losses on fixed-price contracts; (v) nonperformance by subcontractors or suppliers; (vi) our ability to manage our operational footprint; (vii) a reduction in outsourcing of maintenance activity by airlines; (viii) a shortage of skilled personnel or work stoppages; (ix) competition from other companies; (x) financial, operational and legal risks arising as a result of operating internationally; (xi) inability to integrate acquisitions effectively and execute operational and financial plans related to the acquisitions; (xii) failure to realize the anticipated benefits of acquisitions; (xiii) circumstances associated with divestitures; (xiv) inability to recover costs due to fluctuations in market values for aviation products and equipment; (xv) cyber or other security threats or disruptions; (xvi) a need to make significant capital expenditures to keep pace with technological developments in our industry; (xvii) restrictions on use of intellectual property and tooling important to our business; (xviii) inability to fully execute our stock repurchase program and return capital to stockholders; (xix) limitations on our ability to access the debt and equity capital markets or to draw down funds under loan agreements; (xx) our ability to manage our debt; (xxi) non-compliance with restrictive and financial covenants contained in our debt and loan agreements; (xxii) changes in or non-compliance with laws and regulations related to federal contractors, the aviation industry, international operations, safety, and environmental matters, and the costs of complying with such laws and regulations; and (xxiii) exposure to product liability and property claims that may be in excess of our liability insurance coverage. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. For a discussion of these and other risks and uncertainties, refer to our Annual Report on Form 10-K, Part I, "Item 1A, Risk Factors" and our other filings filed from time to time with the U.S. Securities and Exchange Commission. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company's control. The risks described in these reports are not the only risks we face, as additional risks and uncertainties are not currently known or foreseeable or impossible to predict accurately or risks that are beyond the Company's control or deemed immaterial may materially adversely affect our business, financial condition or results of operations in future periods. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law.AAR CORP. and subsidiaries
Condensed consolidated statements of operations(In millions except per share data - unaudited)Three months ended February 28,
Nine months ended February 28,
20262025
20262025
Sales$ 845.1
$ 678.2
$ 2,380.0
$ 2,026.0Cost of sales690.4
546.5
1,934.7
1,648.5Gross profit154.7
131.7
445.3
377.5 Provision for (Recovery of) credit losses0.5
(0.2)
2.2
(0.3) Selling, general, and administrative89.8
61.3
249.7
270.3 Earnings from joint ventures1.4
0.5
4.3
4.7Operating income65.8
71.1
197.7
112.2Bargain purchase gain35.7
––
35.7
––Gain on sale of headquarters building9.8
––
9.8
––Gain (Loss) related to sale and exit of businesses, net(0.4)
(64.0)
0.2
(65.3)Interest expense, net(17.1)
(18.1)
(54.2)
(55.2)Other expense, net(0.7)
(0.1)
(1.0)
(0.4)Income (Loss) before income tax expense (benefit)93.1
(11.1)
188.2
(8.7)Income tax expense (benefit)25.1
(2.2)
51.2
12.8Net income (loss)$ 68.0
$ (8.9)
$ 137.0
$ (21.5)
Earnings (Loss) per share – Basic$ 1.72
$ (0.25)
$ 3.61
$ (0.61)Earnings (Loss) per share – Diluted$ 1.71
$ (0.25)
$ 3.59
$ (0.61)
Share data used for earnings (loss) per share:
Weighted average shares outstanding – Basic39.3
35.4
37.8
35.4Weighted average shares outstanding – Diluted39.5
35.4
38.0
35.4
AAR CORP. and subsidiaries Condensed consolidated balance sheets(In millions)February 28,2026
May 31,2025
(unaudited)
ASSETS
Cash and cash equivalents$ 78.5
$ 96.5Restricted cash21.6
12.7Accounts receivable, net426.2
354.8Contract assets142.3
140.3Inventories, net958.2
809.2Other current assets136.9
97.1 Total current assets1,763.7
1,510.6Property, plant, and equipment, net163.2
158.5Goodwill and intangible assets, net840.9
750.4Rotable assets supporting long-term programs188.0
172.4Operating lease right-of-use assets, net192.8
93.3Other non-current assets183.9
159.4 Total assets$ 3,332.5
$ 2,844.6
LIABILITIES AND EQUITY
Accounts payable$ 324.0
$ 303.1Other current liabilities 329.0
251.6 Total current liabilities653.0
554.7Long-term debt888.3
968.0Operating lease liabilities91.4
79.6Other non-current liabilities56.4
30.7 Total liabilities1,689.1
1,633.0Equity1,643.4
1,211.6 Total liabilities and equity$ 3,332.5
$ 2,844.6
AAR CORP. and subsidiaries Condensed consolidated statements of cash flows(In millions – unaudited)Three months endedFebruary 28,
Nine monthsendedFebruary 28,
2026
2025
2026
2025Cash flows provided by (used in) operating activities:
Net income (loss)$ 68.0
$ (8.9)
$ 137.0
$ (21.5) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization 21.0
14.7
53.5
43.5 Stock-based compensation expense3.7
5.6
13.3
15.6 Bargain purchase gain(35.7)
––
(35.7)
–– Gain on sale of building(9.8)
––
(9.8)
–– Impairment charge––
63.0
––
63.0 Changes in certain assets and liabilities:
Accounts receivable(24.5)
(8.9)
(35.1)
(42.2) Contract assets 10.5
(10.6)
14.2
(37.8) Inventories (47.2)
(19.2)
(65.5)
(76.6) Other current assets 4.4
(8.1)
(23.9)
(12.9) Rotable assets supporting long-term programs19.0
(12.1)
(25.6)
(24.2) Accounts payable and accrued liabilities53.7
(31.1)
25.1
71.5 Other11.6
(3.1)
(4.1)
6.3 Net cash provided by (used in) operating activities74.7
(18.7)
43.4
(15.3)
Cash flows used in investing activities:
Property, plant, and equipment expenditures (8.5)
(8.5)
(24.6)
(24.7) Proceeds from sale of building24.8
4.7
24.8
4.7 Acquisitions, net of cash acquired(0.4)
––
(222.0)
2.9 Hangar expansion activity, net(24.0)
0.5
(24.5)
(1.6) Other (6.6)
(0.4)
(5.5)
1.8Net cash used in investing activities(14.7)
(3.7)
(251.8)
(16.9)
Cash flows provided by (used in) financing activities:
Short-term borrowings (repayments) on Revolving Credit Facility, net (65.0)
35.0
(232.0)
35.0 Proceeds from equity offering, net––
––
273.9
–– Proceeds from long-term borrowings, net––
––
153.0
–– Other8.9
5.8
4.4
2.0Net cash provided by (used in) financing activities(56.1)
40.8
199.3
37.0Increase (Decrease) in cash and cash equivalents 3.9
18.4
(9.1)
4.8Cash, cash equivalents, and restricted cash at beginning of period 96.2
82.5
109.2
96.1Cash, cash equivalents, and restricted cash at end of period $100.1
$ 100.9
$ 100.1
$ 100.9
AAR CORP. and subsidiaries Third-party sales by segment(In millions - unaudited)Three months endedFebruary 28,
Nine months endedFebruary 28,
20262025
20262025Parts Supply$ 392.5$ 270.7
$ 1,063.9$ 794.1Repair & Engineering265.3215.9
724.4662.3Integrated Solutions167.8162.9
528.6495.2Expeditionary Services 19.528.7
63.174.4
$ 845.1$ 678.2
$ 2,380.0$ 2,026.0
Operating income (loss) by segment(In millions- unaudited)Three months endedFebruary 28,
Nine months endedFebruary 28,
20262025
20262025Parts Supply$ 50.7$ 45.4
$ 132.5$ 107.1Repair & Engineering15.119.0
58.262.9Integrated Solutions9.49.6
33.023.8Expeditionary Services 2.86.4
8.26.9
78.080.4
231.9200.7Corporate and other(12.2)(9.3)
(34.2)(88.5)
$ 65.8$ 71.1
$ 197.7$ 112.2
Adjusted net income, adjusted diluted earnings per share, organic adjusted sales growth, adjusted operating margin, adjusted cash flow used in operating activities, adjusted EBITDA, adjusted EBITDA margin, net debt, and net debt to adjusted EBITDA (net leverage) are "non-GAAP financial measures" as defined in Regulation G of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We believe these non-GAAP financial measures are relevant and useful for investors as they illustrate our core operating performance, cash flows, and leverage unaffected by the impact of certain items that management does not believe are indicative of our ongoing and core operating activities. When reviewed in conjunction with our GAAP results and the accompanying reconciliations, we believe these non-GAAP financial measures provide additional information that is useful to gain an understanding of the factors and trends affecting our business and provide a means by which to compare our operating performance and leverage against that of other companies in the industries we compete. These non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. Our non-GAAP financial measures reflect adjustments for certain items including, but not limited to, the following:Costs associated with U.S. Foreign Corrupt Practices Act ("FCPA") matters that we self-reported to the U.S. Department of Justice and other agencies, including investigation costs and settlement charges.Expenses associated with recent acquisition activity, including professional fees for legal, due diligence, and other acquisition activities, intangible asset amortization (including amortization of favorable lease assets classified within operating lease right-of-use assets), integration costs, bargain purchase gains, and compensation expense related to contingent consideration and retention agreements.Legal judgments and reversals related to or impacted by the Russia/Ukraine conflict.Contract termination costs and benefits are comprised of gains and losses that are recognized at the time of modifying, terminating, or restructuring certain customer and vendor contracts, including the impact from the U.S. government exercising their termination for convenience in the first quarter of fiscal year 2025 for our Mobility Systems business's new-generation pallet contract.Losses related to our exit from our Indian joint venture, our Landing Gear Overhaul business, and our Composites manufacturing business, including legal fees for the performance guarantee associated with the Composites' A220 aircraft contract.Adjusted EBITDA is net income before interest income (expense), other income (expense), income taxes, depreciation and amortization, stock-based compensation, and items of an unusual nature including but not limited to business divestitures and acquisitions, FCPA settlement and investigation costs, certain legal judgments, acquisition, integration, and amortization expenses from recent acquisition activity, headquarters relocation activity, product line exits, and significant customer contract terminations.The Company is not providing a reconciliation of forward-looking financial measures to the most directly comparable forward-looking GAAP measure because the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, unusual gains and losses, the ultimate outcome of pending litigation, the impact and timing of potential acquisitions and divestitures, and other structural changes or their probable significance. Each of the adjustments has not occurred, are out of the Company's control and/or cannot be reasonably predicted. For this reason, the Company is unable to address the probable significance of the unavailable information.Pursuant to the requirements of Regulation G of the Exchange Act, we are providing the following tables that reconcile the above-mentioned non-GAAP financial measures to the most directly comparable GAAP financial measures:Adjusted net income (In millions - unaudited)Three months endedFebruary 28,
Nine months endedFebruary 28,
20262025
20262025Net income (loss)$ 68.0$ (8.9)
$137.0$ (21.5)Acquisition, integration, and amortization expenses15.57.5
36.123.6Bargain purchase gain(35.7)––
(35.7)––Gain on sale of headquarters building(9.8)––
(9.8)––Impairment charge related to product line exit 4.9––
4.9––Loss on equity investments0.3––
0.3––Loss (Gain) related to sale of business/joint venture, net0.464.0
(0.2)63.2Severance charges––––
1.0––Government COVID-related subsidy liability reversal––––
(0.7)––FCPA settlement and investigation costs––1.1
––65.3Russian bankruptcy court judgment (reversal)––(11.1)
––(11.1)Contract termination cost (benefit)––(3.0)
––0.2Tax effect on adjustments (a)6.0(14.2)
1.1(21.6)Adjusted net income$ 49.6$ 35.4
$ 134.0$ 98.1(a) Calculation uses estimated statutory tax rates on non-GAAP adjustments except for the impact of the non-deductible portion of the FCPA settlement charge. Adjusted diluted earnings per share(unaudited)Three months endedFebruary 28,
Nine monthsendedFebruary 28,
20262025
20262025Diluted earnings (loss) per share$ 1.71$ (0.25)
$ 3.59$ (0.61)Acquisition, integration, and amortization expenses0.390.21
0.950.66Bargain purchase gain(0.90)––
(0.94)––Gain on sale of headquarters building(0.25)––
(0.26)––Impairment charge related to product line exit 0.12––
0.13––Loss on sale of equity investment0.01––
0.01––Loss (Gain) related to sale of business/joint venture, net0.011.80
(0.01)1.78Severance charges––––
0.03––Government COVID-related subsidy liability reversal––––
(0.02)––FCPA settlement and investigation costs––0.03
––1.84Russian bankruptcy court judgment (reversal)––(0.31)
––(0.31)Contract termination benefit––(0.09)
––––Tax effect on adjustments (a)0.16(0.40)
0.03(0.61)Adjusted diluted earnings per share $ 1.25$ 0.99
$ 3.51$ 2.75(a) Calculation uses estimated statutory tax rates on non-GAAP adjustments except for the impact of the non-deductible portion of the FCPA settlement charge. Adjusted operating margin(In millions - unaudited)Three months ended
February 28, 2026November 30, 2025February 28, 2025Sales$ 845.1$ 795.3$ 678.2Contract termination benefit––––(4.0)Adjusted sales$ 845.1$ 795.3$ 674.2
Operating income$ 65.8$ 67.0$ 71.1Acquisition, integration, and amortization expenses15.514.27.5Impairment charge related to product line exit4.9––––Russian bankruptcy court judgment (reversal)––––(11.1)Contract termination benefit––––(3.0)FCPA settlement and investigation costs––––1.1Adjusted operating income$ 86.2$ 81.2$ 65.6
Operating margin7.8 %8.4 %10.5 %Adjusted operating margin10.2 %10.2 %9.7 % Organic adjusted sales growth for the three months ended February 28, 2026(unaudited)
GAAP sales growth24.6 %
Impact of contract termination benefit0.3
Impact of Landing Gear Overhaul divestiture3.6
Impact of acquisitions within the last twelve months(14.4)
Organic adjusted sales growth14.1 %
Adjusted cash provided by (used in) operating activities(In millions - unaudited)Three months endedFebruary 28,
Nine monthsendedFebruary 28,
20262025
20262025Cash provided by (used in) operating activities$ 74.7$ (18.7)
$ 43.4$ (15.3)Amounts outstanding on accounts receivable financing program:
Beginning of period28.123.9
21.313.7 End of period(28.2)(20.2)
(28.2)(20.2)Adjusted cash provided by (used in) operating activities$ 74.6$ (15.0)
$ 36.5$ (21.8) Adjusted EBITDA(In millions - unaudited)Three months endedFebruary 28,
Nine months endedFebruary 28,
Year ended
May 31,
20262025
20262025
2025Net income (loss)$ 68.0$ (8.9)
$137.0$ (21.5)
$ 12.5Income tax expense (benefit)25.1(2.2)
51.212.8
26.4Other expense, net0.70.1
1.00.4
0.3Interest expense, net17.118.1
54.255.2
73.6Depreciation and amortization20.214.0
51.141.5
55.2Acquisition and integration expenses7.53.5
18.011.7
10.8Bargain purchase gain(35.7)––
(35.7)––
––Gain on sale of headquarters building(9.8)––
(9.8)––
––Impairment charge related to product line exit4.9––
4.9––
––Losses related to sale of business/joint venture, net0.464.0
(0.2)63.2
70.3Severance charges––––
1.0––
––Government COVID-related subsidy liability reversal––––
(0.7)––
0.8FCPA settlement and investigation costs––1.1
––65.3
65.3Russian bankruptcy court judgment––(11.1)
––(11.1)
(11.1)Contract termination cost (benefit)––(3.0)
––0.2
0.2Stock-based compensation3.75.6
13.315.6
19.9Adjusted EBITDA$ 102.1$ 81.2
$ 285.3$ 233.3
$ 324.2
Net income margin8.0 %(1.3) %
Adjusted EBITDA margin12.1 %12.0 %
Net debt(In millions - unaudited)February 28, 2026
February 28, 2025Total debt$895.0
$1,032.0Less: Cash and cash equivalents(78.5)
(84.4)Net debt$816.5
$947.6 Net debt to adjusted EBITDA(In millions - unaudited)
Adjusted EBITDA for the year ended May 31, 2025$ 324.2Less: Adjusted EBITDA for the nine months ended February 28, 2025(233.3)Plus: Adjusted EBITDA for the nine months ended February 28, 2026285.3Adjusted EBITDA for the twelve months ended February 28, 2026$ 376.2Net debt at February 28, 2026$ 816.5Net debt to Adjusted EBITDA2.17
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Original: AAR reports third quarter fiscal year 2026 results
US Market News
3月前
AAR signs new agreement with Otto Instrument ServiceFebruary 26, 2026 4:15 PM
PR Newswire (US)
WOOD DALE, Ill., Feb. 26, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a new agreement with Otto Instrument Service to sell and support the LASEREF IV inertial reference system product line. The agreement reinforces AAR's strategy to broaden its OEM distribution portfolio serving the business aviation market.
"This agreement further strengthens AAR's position as a premier global distributor," said Frank Landrio.Under the agreement, AAR will ensure availability and rapid global deployment of the LASEREF IV system, an essential avionics unit installed on a range of business aircraft, for replacement and upgrade. The collaboration combines Otto's expertise with AAR's global supply-chain reach, advanced distribution infrastructure, and customer-support capabilities."This agreement further strengthens AAR's position as a premier global distributor and expands access into the business aviation market," said Frank Landrio, AAR's Senior Vice President of Distribution. "In coordination with Otto, we look forward to enhancing availability, logistics, and technical support for operators upgrading to the latest technology.""AAR's global footprint and proven performance in avionics logistics make them an ideal distributor for this system," said Chuck Farley, Otto Instrument Service's Vice President of Sales and Contracts. "Together, we can deliver faster, more efficient support for business and general aviation customers worldwide."For more information on AAR's new parts Distribution activities, part of the Company's Parts Supply segment, visit https://www.aarcorp.com/en/products/distribution/.About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.About Otto Instrument Service
Otto Instrument Service, Inc., founded in 1946, is a leading provider of maintenance, repair, and overhaul ("MRO") services for commercial, cargo, air transport (ATR), business general aviation (BGA), military, and fixed wing and rotary wing aircraft operators worldwide. As one of the few remaining privately held aviation companies of its scale, OTTO delivers aerospace manufacturing, repair, and engineering expertise to airlines, OEMs, and government operators across 47 countries. With nearly eight decades of experience, the Company is recognized for its technical excellence, global reach, and long-standing customer partnerships. Additional information can be found at www.ottoinstrument.com.This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including anticipated activities and benefits under the agreement. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/aar-signs-new-agreement-with-otto-instrument-service-302698945.htmlSOURCE AAR CORP.
Original: AAR signs new agreement with Otto Instrument Service
US Market News
4月前
AAR appoints Dylan Wolin as Chief Financial OfficerFebruary 11, 2026 4:30 PM
PR Newswire (US)
WOOD DALE, Ill., Feb. 11, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that its Board of Directors has appointed Dylan Wolin as the Company's Chief Financial Officer, effective February 23, 2026. Wolin's responsibilities will include finance, accounting, tax, treasury, investor relations, and corporate development.
"I am eager to partner with John and the rest of the AAR team to drive continued execution of AAR's growth strategy."Wolin will rejoin AAR from Federal Signal Corporation, where he served as President of Elgin, Trackless, and Vactor, the company's primarily municipal-focused specialty vehicle businesses, from 2024 to 2026.From 2017 to 2024, Wolin led AAR's strategic and corporate development, treasury, and investor relations functions. He helped lead the Company's portfolio repositioning, capital markets activities, and strategic planning, including the acquisitions of Trax and Triumph Product Support.Before joining AAR and Federal Signal, Wolin was a Director in Boeing's Corporate Development group, where he was responsible for merger, acquisition, and joint venture transactions. Prior to Boeing, he served as a Vice President in Deutsche Bank's Global Industrials Group within its investment banking division. Earlier in his career, Wolin was an Associate at McManus & Miles, a boutique investment bank specializing in financial advisory and private placements.Wolin earned a Bachelor of Arts in economics from Tufts University and a Master of Business Administration in finance from the Wharton School of the University of Pennsylvania."I worked very closely with Dylan during his seven years at AAR. He was instrumental in developing the strategy we are executing today. I am thrilled he is rejoining our senior leadership team, bringing valuable additional operational and strategic experience," said John M. Holmes, AAR's Chairman, President and CEO. "I would also like to thank Sarah Flanagan for her service as our Interim CFO. Sarah is a deeply valued member of our team, and I am looking forward to her continued leadership in our finance organization.""AAR's strong team, unique customer value proposition, and exciting additional growth opportunities underscore the Company's compelling future," said Wolin. "I am eager to partner with John and the rest of the AAR team to drive continued execution of AAR's growth strategy."Sarah Flanagan, the Company's Interim Chief Financial Officer, will return to her previous role as Vice President, Financial Operations, effective February 23, 2026. AAR reaffirms its guidance for the third fiscal quarter and full fiscal year issued on January 6, 2026.For more information on AAR, visit aarcorp.com.About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including continued execution of the company's growth strategy and guidance related to quarterly and full-year financial results. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/aar-appoints-dylan-wolin-as-chief-financial-officer-302685667.htmlSOURCE AAR CORP.
Original: AAR appoints Dylan Wolin as Chief Financial Officer
US Market News
4月前
AAR celebrates Airframe MRO expansion in Oklahoma City, prepares to induct additional Alaska Airlines aircraftJanuary 28, 2026 4:30 PM
PR Newswire (US)
WOOD DALE, Ill., Jan. 28, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has substantially completed the expansion of its Airframe MRO facility in Oklahoma City.
"We are very grateful for Alaska's trust and for the outstanding support we have received in Oklahoma City," said HolmesDriven by an increased demand for AAR's MRO services, the 80,000+ square foot facility expansion includes three maintenance bays capable of accommodating all 737 variants. The Company will soon induct additional Alaska Airlines aircraft for service as part of a long-term customer commitment.Earlier today, AAR hosted a ribbon cutting ceremony celebrating the project's near completion, the creation of 200 additional full-time careers with AAR, and the upcoming digitization of the Company's maintenance processes in Oklahoma City in collaboration with Alaska Airlines."Today, we celebrate AAR's growth and our longstanding relationship with Alaska Airlines. We are very grateful for Alaska's trust and for the outstanding support we have received in Oklahoma City. We are excited for this new chapter and our decades long relationship," said John M. Holmes, AAR's Chairman, President and CEO. The Company's maintenance operations in Oklahoma City date back more than 50 years, with AAR's facility located on the site of Will Rogers International Airport's original Hangar 2.For more information on AAR's Airframe MRO services, part of the Company's Repair & Engineering segment, visit https://www.aarcorp.com/en/services/airframe-mro/.About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.About Alaska Air Group
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia and the Pacific. We'll serve Europe beginning in spring 2026. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska is a member of the oneworld alliance, with Hawaiian scheduled to join oneworld in spring 2026. With oneworld and our additional global partners, guests can earn and redeem points for travel to over 1,000 worldwide destinations with Atmos Rewards. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including the anticipated completion of the project and related benefits. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/aar-celebrates-airframe-mro-expansion-in-oklahoma-city-prepares-to-induct-additional-alaska-airlines-aircraft-302673031.htmlSOURCE AAR CORP.
Original: AAR celebrates Airframe MRO expansion in Oklahoma City, prepares to induct additional Alaska Airlines aircraft
MiamiGent
14年前
AIR AAR Corp 3Q EPS 50c >AIR
PROVIDED BY Dow Jones & Company, Inc. - 4:24 PM 03/20/2012
-- Third quarter sales of $534 million, up 17% year-over-year
-- Diluted earnings per share of $0.50
-- Recent acquisitions performing well
WOOD DALE, Ill., March 20, 2012 /PRNewswire/ -- AAR today reported third quarter fiscal year 2012 consolidated sales of $534.2 million and net income attributable to AAR of $20.7 million, or $0.50 per diluted share. For the third quarter of the prior fiscal year, the Company reported sales of $458.0 million and net income attributable to AAR of $17.9 million, or $0.44 per diluted share.
On December 2, 2011, the Company completed the acquisition of Telair International GmbH (Telair) and Nordisk Aviation Products, AS (Nordisk). Telair is a leader in the design, manufacture and support of cargo loading systems for wide-body and narrow-body commercial aircraft with established positions on the world's most popular current and next-generation passenger and freighter aircraft. Nordisk designs and manufactures heavy duty pallets and lightweight cargo containers for commercial airlines. Both companies have a strong aftermarket position. Sales during the third quarter for Telair and Nordisk were a combined $55.3 million and are reported in the Structures and Systems segment.
During the third quarter of fiscal 2012, the Company recorded a $4.0 million ($0.09 per diluted share) tax benefit, principally relating to a reduction in the Company's state income tax rate due to the implementation of state income tax planning strategies. The Company expects its effective income tax rate to be approximately 34.5% in the fourth quarter.
Results for the period were unfavorably impacted by aircraft shortages at the Company's airlift operation within the Government and Defense Services segment due to unscheduled maintenance inspections and the delayed receipt of several aircraft into the Company's operating fleet, as well as higher maintenance expenses. In addition, the Company's precision machining business within the Structures and Systems segment continued to experience start-up costs and cost overruns on certain programs in excess of what had been anticipated.
"We had strong results within our Aviation Supply Chain segment which benefitted from investments made earlier in the fiscal year and steady demand from airline customers. In addition, we are very pleased with the contributions from the newly acquired businesses and are excited about our prospects going forward," said David P. Storch, Chairman and Chief Executive Officer of AAR)
Storch continued, "While performance at our airlift operation did not meet our expectations, demand remains strong and we are taking tangible steps to address ongoing aircraft shortages. We have also implemented a number of initiatives to improve our precision machining business. These improvement initiatives will continue during the fourth quarter. We expect fourth quarter results to be similar to third quarter results for both businesses, with improvement beginning in the first quarter of fiscal 2013."
Selling, general and administrative expenses as a percentage of sales were 9.6% and the consolidated gross profit margin was 16.3% during the third quarter. Margins improved over the prior year in the Aviation Supply Chain segment due to enhanced product availability. Margins in the MRO segment were lower year-over-year as last year's third quarter was favorably impacted by a high-margin engineering services contract. In the Government and Defense Services segment, margins were lower than last year primarily as a result of the aircraft availability issues at the Company's airlift operation. The Company generated $13.4 million in cash flow from operations and had capital expenditures, exclusive of the Telair and Nordisk acquisitions, of $7.5 million.
In January 2012, the Company completed the sale of $175 million of senior unsecured notes due 2022. The Company used the proceeds to repay a portion of the borrowings incurred under its revolving credit agreement to purchase Telair and Nordisk and to pay fees and expenses of the offering. Net interest expense increased $2.6 million over the prior year due to the increase in outstanding borrowings to fund the Telair and Nordisk acquisitions. On February 13, 2012, the Company paid a quarterly cash dividend of $0.075 per share to its stockholders of record as of the close of business on January 30, 2012.
AAR is a leading provider of products and value-added services to the worldwide aerospace and government and defense industries. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems; and Government and Defense Services. More information can be found at www.aarcorp.com.
AAR will hold its quarterly conference call at 7:30 a.m. CDT on March 21, 2012. The conference call can be accessed by calling 866-802-4324 from inside the U.S. or 703-639-1321 from outside the U.S. A replay of the call will be available by calling 888-266-2081 from inside the U.S. or 703-925-2533 from outside the U.S. (access code 1571808) from 11:30 a.m. CDT on March 21, 2012 until 11:59 p.m. CDT on March 28, 2012.
AAR - Named One of The Most Trustworthy Companies by Forbes.
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's Form 10-K for the fiscal year ended May 31, 2011. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company's control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR's filings with the Securities and Exchange Commission.
AAR CORP. and Subsidiaries
Consolidated Statements of
Income (In thousands except Three Months Ended Nine Months Ended
per share data - unaudited) February 29/28, February 29/28,
---------------------------- -------------------- ----------------------
2012 2011 2012 2011
--------- --------- ---------- ----------
Sales $534,195 $458,035 $1,501,652 $1,317,286
Cost and expenses:
Cost of sales 447,237 379,242 1,260,430 1,093,429
Selling, general and
administrative 51,342 44,143 138,947 130,182
Earnings from aircraft joint
ventures 129 56 593 2,613
--------- --------- ---------- ----------
Operating income 35,745 34,706 102,868 96,288
Gain on extinguishment of
debt --- --- --- 97
Interest expense 10,511 7,594 25,890 22,604
Interest income 419 62 859 298
--------- --------- ---------- ----------
Income before income tax
expense 25,653 27,174 77,837 74,079
Income tax expense 4,818 9,256 22,821 25,673
--------- --------- ---------- ----------
Net income attributable to
AAR and noncontrolling
interest 20,835 17,918 55,016 48,406
Income attributable to
noncontrolling interest (172) --- (172) ---
--------- --------- ---------- ----------
Net income attributable to
AAR $20,663 $17,918 $54,844 $48,406
========= ========= ========== ==========
Earnings per share -- Basic $ 0.51 $ 0.47 $ 1.36 $ 1.26
========= ========= ========== ==========
Earnings per share --
Diluted $ 0.50 $ 0.44 $ 1.33 $ 1.21
========= ========= ========== ==========
Share Data:
Average shares outstanding
-- Basic 38,650 38,361 38,753 38,341
Average shares outstanding
-- Diluted 42,980 43,713 43,134 43,458
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