AAR CORP.

AAR Corp. engages in the provision of products and services to commercial aviation and government and defense industries. It operates through the following segments: Aviation Services and Expeditionary Services. The Aviation Services segment consists of aftermarket support and services businesses that provide spares and maintenance support for aircraft operated by commercial and government/defense customers. The Expeditionary Services segment is involved in delivery of airlift services and the design and manufacture of pallets, shelters, and containers used to support the military's requirements for a mobile and agile force. The company was founded by Ira A. Eichner in 1951 and is headquartered in Wood Dale, IL.

Earnings data Q2 2023

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Global Airlines, the new UK and US transatlantic carrier set up by travel entrepreneur James Asquith, has acquired its first plane, an Airbus A380 double-decker superjumbo. Asquith, who also set up the house swap app, Holiday Swap, said: “Our aspiration is to be the best way to fly and the A380 – with its unmatched levels of space, comfort and service – will be absolutely central to achieving that vision.

Travel entrepreneur buys A380 for new transatlantic start-up

Wood Dale, Illinois, May 22, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today it has selected Tom Hoferer as its Vice President of Repair and Engineering Services. In this role Hoferer will oversee the Company's Maintenance, Repair, and Overhaul (MRO) Services and Mobility Systems operations.

AAR names Tom Hoferer Vice President of Repair and Engineering Services

AAR (AIR) reported earnings 30 days ago. What's next for the stock?

Why Is AAR (AIR) Down 1.3% Since Last Earnings Report?

Wood Dale, Illinois, March 29, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced its subsidiary AAR Supply Chain will acquire nine Boeing 757-200 passenger aircraft equipped with 18 Rolls-Royce RB211 engines from American Airlines.

AAR to acquire nine Boeing 757-200 passenger aircraft equipped with 18 Rolls-Royce RB211 engines

AAR Corp. should continue to benefit from the recovery in airline industry in Q4 FY23 and beyond. The recent acquisition of Trax is a step towards AIR's digitalization strategy.

AAR Corp.: A Good Company But Not The Right Time To Enter

AIR reported its Q3 earnings which beat expectations driven by strong demand for its aircraft parts supply and maintenance business. An ongoing expansion into new product and service categories supports an outlook for firming margins.

AAR Corp.: Bullish As Aircraft Maintenance Business Remains Strong

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AAR Corp. (AIR) announces a distribution agreement with Collins Aerospace's Cloud Cap Technology business.

AAR Corp. (AIR) Clinches an Agreement With Collins Aerospace

Wood Dale, Illinois, March 27, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced a distribution agreement with Cloud Cap Technology, a Collins Aerospace Mission Systems business.  This agreement expands AAR's presence in the Unmanned Aerial System (UAS) market, building on AAR's civil and government relationships as well as its proven supply chain and sales support processes. AAR will stock, promote, and sell the TASE and Piccolo imaging payload and flight management systems used by manned and unmanned airborne applications to support Intelligence, Surveillance, and Reconnaissance (ISR) missions. Customers are expected to include UAS manufacturers, airframers, as well as civil and government operators.

AAR signs distribution agreement with Cloud Cap Technology, a Collins Aerospace Mission Systems business

AAR Corp. (AIR) reports third-quarter fiscal 2023 adjusted earnings of 75 cents per share, which surpass the Zacks Consensus Estimate by 10.3%.

AAR Corp. (AIR) Q3 Earnings Surpass Estimates, Sales Rise Y/Y

AAR Corp. (AIR) announces the acquisition of Trax USA Corp. for $120 million plus up to a $20-million earn-out payment.

AAR Corp. (AIR) Acquires Trax USA Corp. for $120M Plus Earn-Out

AAR Corp. (NYSE:AIR ) Q3 2023 Earnings Conference Call March 20, 2022 4:45 PM ET Company Participants John Holmes - President & CEO Sean Gillen - CFO Conference Call Participants Robert Spingarn - Melius Research Josh Sullivan - Benchmark Michael Ciarmoli - Truist Steve Strackhouse - RBC Capital Markets Operator Good afternoon, everyone, and welcome to AAR's Fiscal 2023 Third Quarter Earnings Call. We're joined today by John Holmes, Chairman, President and Chief Executive Officer; and Sean Gillen, Chief Financial Officer.

AAR Corp. (AIR) Q3 2023 Earnings Call Transcript

AAR (AIR) delivered earnings and revenue surprises of 10.29% and 8.15%, respectively, for the quarter ended February 2023. Do the numbers hold clues to what lies ahead for the stock?

AAR (AIR) Q3 Earnings and Revenues Top Estimates

WOOD DALE, Ill., March 21, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported third quarter fiscal year 2023 consolidated sales of $521.1 million and income from continuing operations of $21.8 million, or $0.62 per diluted share. For the third quarter of the prior year, the Company reported sales of $452.2 million and income from continuing operations of $22.6 million, or $0.63 per diluted share. Our adjusted diluted earnings per share from continuing operations in the third quarter of fiscal year 2023 were $0.75, compared to $0.63 in the third quarter of the prior year.

AAR reports third quarter fiscal year 2023 results

AAR Corp. (AIR) Q3 results are likely to reflect a strong sales performance across its segments.

Will Segmental Sales Boost AAR Corp. (AIR) Q3 Earnings?

•Accelerates AAR's strategy to offer digital solutions to aftermarket customers •Adds higher-margin services offering with intellectual property and recurring revenue•Expected to be accretive to Adjusted EPS in first full year •Accelerates AAR's strategy to offer digital solutions to aftermarket customers •Adds higher-margin services offering with intellectual property and recurring revenue•Expected to be accretive to Adjusted EPS in first full year

AAR acquires Trax, a leading provider of aircraft MRO and fleet management software

Wood Dale, Illinois, March 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that John W. Dietrich has been elected to AAR's Board of Directors, effective immediately.

AAR elects John W. Dietrich to its Board of Directors

Wood Dale, Illinois, March 07, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it will release financial results for its third quarter of fiscal year 2023, ended February 28, 2023, after the close of the New York Stock Exchange trading session on Tuesday, March 21, 2023.

AAR to announce third quarter fiscal year 2023 results on March 21, 2023

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Wood Dale, Illinois, Feb. 23, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced that Tracey Patterson has joined the Company as Vice President and Chief Human Resources Officer. In this position, Tracey will oversee global Human Resources, Communications, and other functions.

AAR names Tracey Patterson Vice President and Chief Human Resources Officer

Wood Dale, Illinois, Feb. 15, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been named to the Forbes list of America's Best Employers 2023. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced earlier today and can currently be viewed on the Forbes website.

AAR named to the Forbes America's Best Employers 2023 list

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Here is how AAR (AIR) and Safran SA (SAFRY) have performed compared to their sector so far this year.

Is AAR (AIR) Stock Outpacing Its Aerospace Peers This Year?

Wood Dale, Illinois, Jan. 26, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded to Newsweek's list of America's Most Responsible Companies 2023. This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list can currently be viewed on Newsweek's website.

AAR awarded to Newsweek's America's Most Responsible Companies 2023 list

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News for AAR CORP. Stock (AIR)