Core Points - AAR CORP. has commenced the expansion of its maintenance, repair, and overhaul (MRO) facility in Oklahoma City, which is expected to be operational by early 2026 [1][2] - The new facility will add over 80,000 square feet of hangar and warehouse space, accommodating all 737 variants, including the 737-10 [2] - The expansion is supported by a maintenance commitment from Alaska Airlines, a long-term customer of AAR [2] Group 1 - The groundbreaking event was attended by over 150 representatives from AAR, Alaska Airlines, local government, and partner organizations [1] - The expansion will create 200 additional full-time jobs, which will be filled through local technical schools and workforce development programs [4] - Funding for the project includes a grant from Oklahoma legislators and rent concessions from the airport [2] Group 2 - Key speakers at the groundbreaking included AAR's Chairman, President and CEO John M. Holmes, and Alaska Airlines' Vice President of Maintenance & Engineering Don Wright [3] - Holmes emphasized the collaborative efforts that made the expansion possible, highlighting the importance of partnerships in enhancing aviation in Oklahoma [4] - The construction is being led by JE Dunn, which aims to support business growth in Oklahoma City [5] Group 3 - AAR operates globally in the aerospace and defense aftermarket solutions sector, with a presence in over 20 countries [6] - The company supports both commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services [6]

WOOD DALE, Ill. , April 4, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has announced an exclusive multi-year commercial distribution agreement with TRIUMPH's Actuation Products & Services business unit. Under the agreement, which commences in January of 2026, AAR will exclusively distribute TRIUMPH's commercial actuation product line, which includes more than 100 top-level assemblies and their subcomponents used ...

AAR Corp. (AIR) reported third-quarter fiscal 2024 adjusted earnings of 85 cents per share, which surpassed the Zacks Consensus Estimate of 84 cents by 1.2%. The bottom line improved 13.3% from the year-ago quarter’s level.The company reported GAAP earnings per share (EPS) of 39 cents compared with 62 cents in the prior-year quarter.Total SalesIn the quarter under review, AAR generated net sales of $567.3 million. The reported figure missed the Zacks Consensus Estimate of $568 million by 0.1% but increased ...

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]