WOOD DALE, Ill., April 11, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an extension and expansion of its V2500 engine component distribution agreement with Sumitomo Precision Products Co., Ltd. (SPP). Under the agreement, AAR has extended its exclusive agreement to distribute the V2500 pneumatic starter and starter control valve on behalf of SPP for the life of the program. The contract also expands AA ...

WOOD DALE, Ill., April 9, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, was awarded the 2023 Component Repair Supplier of the Year – Large Volume Category by Atlas Air Worldwide (Atlas Air).  "We are honored to be named Supplier of the Year – Large Volume Category," said Jim Berberet. Post this Atlas Air Worldwide congratulates members of AAR’s Component Services team. AAR's Component Services sites in Grand Pr ...

AAR Corp. (AIR) recently announced that it has started construction of its maintenance, repair and overhaul (MRO) facility in Oklahoma City.Details of the ProjectThe new airframe MRO facility, being constructed near AAR’s existing facility at Will Rogers World Airport, is anticipated to be operational in January 2026.The facility will provide AAR with an added hangar and warehouse space of more than 80,000 square feet. It will be enough to accommodate all variants of Boeing’s 737 jets, including the 737-10 ...

The new facility is expected to be operational in early 2026.WOOD DALE, Ill., April 5, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, broke ground on the expansion of its maintenance, repair, and overhaul facility in Oklahoma City earlier today.More than 150 representatives from AAR, Alaska Airlines, state and local government, and partner organizations supporting the efforts gathered to celebrate groundbreaking on ...

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 ...

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) Delaware 36-2334820 (State or other jurisdiction of incorporation ( ...

Exhibit 99.1 AAR reports third quarter fiscal year 2024 results · Record third quarter sales of $567 million, up 9% over the prior year · Third quarter GAAP diluted earnings per share from continuing operations of $0.39, compared to $0.62 in Q3 FY2023 · Record third quarter adjusted diluted earnings per share from continuing operations of $0.85, up 13% from $0.75 in Q3 FY2023 · Third quarter cash flow provided by operating activities from continuing operations of $20 million · Closed on the acquisition of T ...