AAR Corp. (NYSE:AIR) Q3 2024 Earnings Conference Call March 21, 2024 4:45 PM ET Company Participants John Holmes - Chairman, President and CEO Sean Gillen - Chief Financial Officer Conference Call Participants Robert Spingarn - Melius Research Bert Subin - Stifel Josh Sullivan - The Benchmark Company Sam Struhsaker - Truist Securities Steve Strackhouse - RBC Capital Markets Louie DiPalma - William Blair Operator Good afternoon, everyone. Welcome to AAR’s Fiscal 2024 Third Quarter Earnings Call. We’re joined ...

AAR (AIR) reported $567.3 million in revenue for the quarter ended February 2024, representing a year-over-year increase of 8.9%. EPS of $0.85 for the same period compares to $0.75 a year ago.The reported revenue represents a surprise of -0.06% over the Zacks Consensus Estimate of $567.63 million. With the consensus EPS estimate being $0.84, the EPS surprise was +1.19%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended February 29, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-6263 AAR CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Exhibit 99.1 AAR reports third quarter fiscal year 2024 results Wood Dale, Illinois, March 21, 2024 — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported third quarter fiscal year 2024 consolidated sales of $567.3 million and income from continuing operations of $14.0 million, or $0.39 per diluted share. For the third quarter of the prior year, the Company reported sales of $521.1 million and income from continuing operations ...

WOOD DALE, Ill., March 20, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that Jeffrey N. Edwards has been elected to AAR's Board of Directors, effective immediately. This appointment increases AAR's Board from 11 to 12 Director positions. AAR elects Jeffrey N. Edwards to its Board of Directors Mr. Edwards, 63, brings more than 40 years of experience in the financial services sector. As Partner a ...

WOOD DALE, Ill., March 20, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year agreement to supply surplus material for the CFM56-5B engine to Cebu Pacific. Under this agreement, AAR will support the 30 CFM56-5B scheduled shop visits Cebu Pacific has planned for the term of the contract. "Cebu Pacific is proud to partner with AAR to enhance availability of parts and maximize value through the use ...

Earnings Overview - AAR is expected to report a year-over-year increase in earnings and revenues for the quarter ended February 2024, with earnings per share (EPS) projected at $0 84, up 12% YoY, and revenues expected to reach $567 63 million, an 8 9% increase YoY [1][2] - The consensus EPS estimate has been revised downward by 1 12% over the last 30 days, reflecting analysts' reassessment of initial estimates [2] Earnings Surprise Potential - The Zacks Earnings ESP (Expected Surprise Prediction) for AAR is +0 40%, indicating analysts have recently become more bullish on the company's earnings prospects [5] - However, the stock carries a Zacks Rank of 4, making it difficult to conclusively predict an earnings beat [5][6] - Historically, AAR has beaten consensus EPS estimates in three out of the last four quarters [7] Market Impact - The upcoming earnings report, scheduled for release on March 21, 2024, could influence the stock's near-term price movement depending on whether the results exceed or fall short of expectations [1] - While an earnings beat or miss is a significant factor, other unforeseen catalysts or disappointments can also impact the stock's performance [8] Analyst Insights - The Zacks Earnings ESP model suggests that stocks with a positive ESP and a favorable Zacks Rank (1-3) have a higher likelihood of delivering a positive earnings surprise, with a success rate of nearly 70% [4] - AAR's current combination of a positive ESP and a Zacks Rank of 4 does not strongly indicate an earnings beat, but investors should consider other factors as well [5][6][8]

Also completed financings to fund the Acquisition, consisting of $550 million notes offering and an amendment to AAR's existing revolving credit facility, upsizing the facility from $620 million to $825 million WOOD DALE, Ill., March 1, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR) ("AAR" or the "Company"), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it has completed its acquisition of Triumph Group's (NYSE: TGI) Product Support busines ...

BERKSHIRE, England, Feb. 21, 2024 /PRNewswire/ -- AAR (NYSE: AIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, has signed a multi-year support services extension with Philippine Airlines (PAL). Working in conjunction with PAL's Aircraft Material Management team, Airinmar will provide a full suite of support services covering both aircraft warranty and value engineering. The services will supplement PAL's current activities and con ...

WOOD DALE, Ill., Feb. 14, 2024 /PRNewswire/ -- AAR CORP. ("AAR" or the "Company") (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that AAR Escrow Issuer, LLC, a wholly owned, unrestricted subsidiary of the Company (the "Escrow Issuer"), has successfully priced its offering of $550 million aggregate principal amount of 6.750% senior notes due 2029 (the "Notes"). The offering was upsized to $550 million from the original offering size ...