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 ...

Announces proposed offering of $500 million of senior notes due 2029 The acquisition will be financed with the proceeds from the proposed notes offering and use of the expanded revolver 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"), intends to ...

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today announced the election of John M. Holmes to its board of directors. Mr. Holmes will also serve as a member of the board’s Audit Committee. With the appointment of Mr. Holmes, the GATX board will now consist of 10 members, including nine independent directors. “ We are pleased to welcome John to GATX’s board of directors,” said Robert C. Lyons, president and chief executive officer of GATX. “ John is an outstanding business leader with deep inter ...

Small-cap stocks can help investors diversify from the S&P 500, which is heavily weighted to the largest U.S. tech players. Investors may imagine small-caps as up-and-coming companies focused on increasing their sales and taking market share from rivals, or ones facing binary events, such as drug trials, that can set up windfall profits. But Bill Hench, the head of small-cap investing at First Eagle Investments, takes a value approach, looking for companies that need to be fixed.“We look to get a dollar of ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:AAR Corp. (AIR) provides various products and services to commercial aviation, government, and defense sector. The Zacks Consensus Estimate for its current year earnings has been revised 3.8% downward over the last 60 days.Avanos Medical, Inc. (AVNS) is a medical technology company focusing on delivering medical device solutions. The Zacks Consensus Estimate for its current year earnings has been revised 5.5% downward over the last 60 ...

Key PointsAAR was at all-time highs just three weeks ago, and investors are already piling in. LOPE was also at an all-time high before Christmas and offers an interesting short-term play.MPW is the riskiest of the bunch but offers the quickest trade and has the most reliable signal. 5 stocks we like better than AARIt's starting to look more and more like the rally, which kicked off at the end of October, is set to continue into 2024. While stocks softened a little last week, the benchmark S&P 500 index is ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:AAR Corp. (AIR) provides various products and services to commercial aviation, government, and defense sector. The Zacks Consensus Estimate for its current year earnings has been revised 3.8% downward over the last 60 days.AMERISAFE, Inc. (AMSF) is an insurance holding company. The Zacks Consensus Estimate for its current year earnings has been revised 2.4% downward over the last 60 days.Avanos Medical, Inc. (AVNS) is a medical techno ...

This press release may contain certain statements relating to future results, which may be 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 nature of the work that it performs. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ' ...