Core Viewpoint - AAR Corp. has initiated the construction of a new maintenance, repair, and overhaul (MRO) facility in Oklahoma City, which is expected to enhance its operational capacity and profitability in the growing aircraft MRO market [1][2][4]. Project Details - The new airframe MRO facility will be located near AAR's existing facility at Will Rogers World Airport and is anticipated to be operational by January 2026 [2]. - The facility will add over 80,000 square feet of hangar and warehouse space, capable of accommodating all variants of Boeing's 737 jets, including the 737-10 models [2]. Industry Prospects - The global commercial aircraft MRO market is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2029, with North America being the largest contributor to this growth [3]. - AAR Corp. is positioned to benefit from this growth as the largest independent MRO provider in North America, with a reported 18% increase in sales to commercial customers in the third quarter of fiscal 2024 compared to the previous year [3]. Recent Acquisitions and Expansions - In March 2024, AAR acquired Triumph Group's Product Support business, enhancing its specialized MRO capabilities for critical aircraft components [4]. - AAR currently operates seven MRO facilities worldwide and has begun construction of another facility in Miami, which will increase its maintenance capacity by 33% [4]. Peer Moves - HEICO's Flight Support Group reported that repair and overhaul parts and services accounted for 22% of its sales in the first quarter of fiscal 2024, with a long-term earnings growth estimate of 17.6% [5]. - Airbus Group's MRO services are designed to provide integrated aviation services, with a long-term earnings growth estimate of 12.4% [6]. - MTU Aero Engines reported revenues of $4.65 billion in 2023 for its MRO segment, reflecting a 17% increase from the previous year, with a projected 38.9% improvement in 2024 sales [7]. Price Performance - Over the past three months, AAR Corp.'s shares have increased by 8.3%, while the industry has seen an 11.8% growth [8].

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 ...

Core Viewpoint - AAR Corp. reported strong third-quarter fiscal 2024 adjusted earnings, exceeding estimates, driven by increased sales in various segments despite a slight miss in total sales compared to consensus estimates [1][2]. Financial Performance - Adjusted earnings per share (EPS) for the third quarter were 85 cents, surpassing the Zacks Consensus Estimate of 84 cents by 1.2% and improving 13.3% from the previous year [1]. - Total net sales reached $567.3 million, slightly missing the Zacks Consensus Estimate of $568 million by 0.1%, but reflecting an 8.9% increase from $521.1 million in the year-ago quarter [2]. Segment Performance - Parts Supply segment sales totaled $242.3 million, up 6.5% year over year [3]. - Repair & Engineering segment reported sales of $140.8 million, a 10% increase from the prior-year period [3]. - Integrated Solutions sales were $165.5 million, up 15.3% from the year-ago period [3]. - Expeditionary Services recorded sales of $18.7 million, down 15% from the previous year [3]. Operational Metrics - Gross profit margin increased by 130 basis points to 19.4% from 18.1% in the prior-year quarter, attributed to improved operating efficiency [4]. - Adjusted operating margin rose from 7.6% to 8.3%, driven by growth in commercial sales [4]. - Selling, general and administrative expenses were $77 million for the quarter [4]. - Net interest expense increased to $11.3 million from $3.5 million in the year-ago period [4]. Financial Position - As of February 29, 2024, cash and cash equivalents were $69.2 million, slightly up from $68.4 million as of May 31, 2023 [5]. - Long-term debt increased to $274.7 million from $269.7 million as of May 31, 2023 [5].

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 ...