AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S. department of defense and foreign governments. In addition, it offers airframe inspection, maintenance, repair and overhaul, painting, line maintenance, airframe modification, structural repair, avionic and installation, exterior and interior refurbishment, and engineering and support services; and repairs and overhauls components, landing gears, wheels, and brakes. The Expeditionary Services segment provides products and services supporting the movement of equipment and personnel by the U.S. and foreign governments, and non-governmental organizations. This segment also designs, manufactures, and repairs transportation pallets, and various containers and shelters, as well as composite materials for commercial, business, and military aircraft; and provides engineering, design, and system integration services for command and control systems. The company serves domestic and foreign passenger airlines; domestic and foreign cargo airlines; regional and commuter airlines; business and general aviation operators; original equipment manufacturers; aircraft leasing companies; aftermarket aviation support companies; and domestic and foreign military customers. It primarily markets and sells products and services through its employees and foreign sales representatives. AAR Corp. was founded in 1951 and is headquartered in Wood Dale, Illinois.
IPO Year:
Exchange: NYSE
Website: aarcorp.com
Date | Price Target | Rating | Analyst |
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1/29/2024 | Outperform | William Blair | |
12/1/2023 | $80.00 | Buy | Stifel |
10/22/2021 | $45.00 | Outperform | RBC Capital |
7/16/2021 | $51.00 → $52.00 | Outperform | Credit Suisse |
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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 international experience and a strong track record of performance. His insights will be an asset to GATX as we continue executing our global growth strategy." "John is an excellent addition to our group of independent
Wood Dale, Illinois, Oct. 12, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that Billy Nolen has been elected to AAR's Board of Directors, effective immediately. Mr. Nolen, 66, brings more than 30 years of aviation experience across safety, operations, and regulatory affairs. He recently served as acting FAA Administrator and is currently the Chief Safety Officer at Archer Aviation Inc., a leading air mobility company known for developing electric vertical takeoff and landing (eVTOL) aircraft. While at the FAA, Mr. Nolen revamped certification requirements and airport-focused
Wood Dale, Illinois, Sept. 20, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an exclusive multi-year foreign military distribution agreement with Pall Corporation. This agreement grants AAR exclusive rights to distribute and market select Pall products to foreign military customers in worldwide territories, with the exception of Japan and South Korea. AAR will plan, stock, and actively promote Pall's highly engineered filtration products and solutions. Mark Morris, Senior Vice President of Global Sales for Pall's aerospace business unit, expressed enthusiasm about the partnership
With deep experience in managing diverse and global businesses, Steve will support the company's continued growth and expansion plans SureWerx, a leading global supplier of personal protective equipment, safety gear, and tool solutions, is pleased to announce the appointment of Steve Alden as its Chief Financial Officer (CFO), effective today. In this role, Steve will be responsible for the financial management of the company in addition to driving strategic growth and operational excellence. Steve succeeds outgoing CFO Kevin Karr, who will continue work in a part-time role as the Senior Advisor, Corporate Development at SureWerx. With a proven track record of financial leadership, S
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Record fourth quarter sales of $657 million, up 19% over the prior yearFourth quarter GAAP diluted earnings per share from continuing operations of $0.26, compared to $0.66 in Q4 FY2023Record fourth quarter adjusted diluted earnings per share from continuing operations of $0.88, up 6% from $0.83 in Q4 FY2023Fourth quarter cash flow provided by operating activities from continuing operations of $25 millionRecord full year sales of $2.3 billion, up 17% over the prior yearFull year GAAP diluted earnings per share from continuing operations of $1.29, compared to $2.52 in FY2023; record adjusted earnings of $3.33 in FY2024, up 16% from $2.86 in FY2023WOOD DALE, Ill., July 18, 2024 /PRNewswire/ --
WOOD DALE, Ill., July 2, 2024 /PRNewswire/ -- 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 fourth quarter of fiscal year 2024, ended May 31, 2024, after the close of the New York Stock Exchange trading session on Thursday, July 18, 2024. On Thursday, July 18, 2024, at 4:00 p.m. Central time, AAR will hold a conference call to discuss the results. A listen-only webcast and slides can be accessed at https://edge.media-server.com/mmc/p/8qeyvfs4.
Record third quarter sales of $567 million, up 9% over the prior yearThird quarter GAAP diluted earnings per share from continuing operations of $0.39, compared to $0.62 in Q3 FY2023Record third quarter adjusted diluted earnings per share from continuing operations of $0.85, up 13% from $0.75 in Q3 FY2023Third quarter cash flow provided by operating activities from continuing operations of $20 millionClosed on the acquisition of Triumph Group's Product Support business for $725 millionWOOD DALE, Ill., March 21, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported third quarter fiscal year 202
WOOD DALE, Ill., March 7, 2024 /PRNewswire/ -- 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 2024, ended February 29, 2024, after the close of the New York Stock Exchange trading session on Thursday, March 21, 2024. On Thursday, March 21, 2024, at 3:45 p.m. Central time, AAR will hold a conference call to discuss the results. The conference call can be accessed by registering at https://register.vevent.com/register/
Second quarter sales of $545 million, up 16% over the prior yearSecond quarter GAAP diluted earnings per share from continuing operations of $0.67, compared to $0.64 in Q2 FY2023Record second quarter adjusted diluted earnings per share from continuing operations of $0.81, up 17% from $0.69 in Q2 FY2023Second quarter cash flow provided by operating activities from continuing operations of $17 millionAnnounced highly strategic agreement to acquire Triumph Group's Product Support business for $725 million WOOD DALE, Ill., Dec. 21, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported sec
Meaningfully scales AAR's repair capabilities and is highly complementary to existing portfolioSignificantly accretive to margins and expands customer base and global footprint Expected run-rate cost synergies of $10 million Expected to be accretive to revenue growth and Adjusted EPS in the first full fiscal yearStrong combined free cash flow expected to enable deleveragingWOOD DALE, Ill., Dec. 21, 2023 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has entered into a definitive agreement with Triumph Group (NYSE:TGI) to purchase Triumph Product Support for $725 million in cash. As part of the transaction,
Wood Dale, Illinois, Dec. 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 second quarter of fiscal year 2024, ended November 30, 2023, after the close of the New York Stock Exchange trading session on Thursday, December 21, 2023. On Thursday, December 21, 2023, at 3:45 p.m. Central time, AAR will hold a conference call to discuss the results. The conference call can be accessed by registering at https://register.vevent.com/register/BIe408558c6b344fb2aca2a3d5d43d47f9. Once registered, participants will receive a dial-in number a
First quarter sales of $550 million, up 23% over the prior yearParts Supply sales up 40% over the prior yearFirst quarter GAAP diluted loss per share from continuing operations of $0.02, which includes pension settlement and Russian legal charges of $0.70, compared to $0.62 in Q1 FY2023Record first quarter adjusted diluted earnings per share from continuing operations of $0.78, up 28% from $0.61 in Q1 FY2023 WOOD DALE, Ill., Sept. 26, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported first quarter fiscal year 2024 consolidated sales of $549.7 million and loss from continuing operati
Wood Dale, Illinois, Sept. 12, 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 first quarter of fiscal year 2024, ended August 31, 2023, after the close of the New York Stock Exchange trading session on Tuesday, September 26, 2023. On Tuesday, September 26, 2023, at 3:45 p.m. Central time, AAR will hold a conference call to discuss the results. The conference call can be accessed by registering at https://register.vevent.com/register/BI1cfbb6b1cadd40e8b5668ba9b353d440. Once registered, participants will receive a dial-in number and
Fourth quarter sales of $553 million, up 16% over the prior yearFourth quarter GAAP diluted earnings per share from continuing operations of $0.66 in both Q4 FY2023 and Q4 FY2022Record adjusted diluted earnings per share from continuing operations of $0.83 in Q4 FY2023, up 15% from $0.72 in Q4 FY2022Fourth quarter cash flow provided by operating activities from continuing operations of $45 millionFull year sales of $2.0 billion, up 9% over the prior yearFull year GAAP diluted earnings per share from continuing operations of $2.52, compared to $2.16 in FY2022; record adjusted earnings of $2.86 in FY2023, up 20% from $2.38 in FY2022 WOOD DALE, Ill., July 18, 2023 (GLOBE NEWSWIRE) -- AAR COR
Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) fell sharply during Friday's session following weak quarterly results. Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from Benzinga Pro. Selective Insurance Group shares dipped 14.8% to $85.40 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Augmedix, Inc. (NASDAQ:AUGX) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure. 60 Degrees Pha
RBC Capital analyst Ken Herbert maintains AAR (NYSE:AIR) with a Outperform and raises the price target from $80 to $85.
Stifel analyst Bert Subin maintains AAR (NYSE:AIR) with a Buy and lowers the price target from $86 to $85.
AAR (NYSE:AIR) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.85 by 3.53 percent. The company reported quarterly sales of $657.00 million which missed the analyst consensus estimate of $658.93 million by 0.29 percent. This is a 18.74 percent increase over sales of $553.30 million the same period last year.
AAR (NYSE:AIR) reported quarterly earnings of $3.33 per share which beat the analyst consensus estimate of $3.31 by 0.6 percent. The company reported quarterly sales of $2.30 billion which missed the analyst consensus estimate of $2.32 billion by 0.91 percent.
AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a territory expansion agreement that expands its Americas-based electronics distribution relationship with OTTO Engineering, Inc. (OTTO) into the APAC region.
RBC Capital analyst Ken Herbert reiterates AAR (NYSE:AIR) with a Outperform and maintains $80 price target.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Roth MKM cut the price target for Roblox Corporation (NYSE:RBLX) from $55 to $35. Roth MKM analyst Eric Handler downgraded the stock from Buy to Neutral. Roblox shares fell 1.6% to close at $30.96 on Monday. See how other analysts view this stock. Needham boosted the price target for Verrica Pharmaceuticals Inc. (NASDAQ:VRCA) from $8 to $16. Needham analyst Serge Belanger maintained a Buy rating. Verrica Pharmaceuticals shares jumped 19.5% to close at $9.56 on Monday. See how other analysts view th
William Blair initiated coverage of AAR Corp with a rating of Outperform
Stifel initiated coverage of AAR Corp with a rating of Buy and set a new price target of $80.00
RBC Capital initiated coverage of AAR with a rating of Outperform and set a new price target of $45.00
Credit Suisse reiterated coverage of AAR with a rating of Outperform and set a new price target of $52.00 from $51.00 previously
The Benchmark Company reiterated coverage of AAR Corp with a rating of Buy and set a new price target of $52.00 from $40.00 previously
Credit Suisse reiterated coverage of AAR with a rating of Outperform and set a new price target of $51.00 from $48.00 previously
Canaccord Genuity reiterated coverage of AAR with a rating of Buy and set a new price target of $48.00 from $40.00 previously
JPMorgan Chase & Co. initiated coverage of Airbus SE (AIR.PA) with a rating of Buy and set a new price target of $109.00
Berenberg Bank initiated coverage of Airbus SE (AIR.PA) with a rating of Buy and set a new price target of $110.00
UBS Group initiated coverage of Airbus SE (AIR.PA) with a rating of Buy and set a new price target of $125.00
RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds 8:00Moog Inc. (
WOOD DALE, Ill., Aug. 28, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that its senior leadership will participate in two investor conferences in September 2024. On September 5, 2024, Sean Gillen, AAR's Chief Financial Officer, will participate in the 30th Annual Gabelli Aerospace & Defense Symposium at the Harvard Club in New York City. On September 24, 2024, John M. Holmes, AAR's Chairman, President and CEO, and Gillen will participate in the RBC Capital Markets 2024
RYE, N.Y., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds8:00Moog Inc. (NYSE:MOG)
RYE, N.Y., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Featured Companies AAR Corp. (NYSE:AIR)Graham Corporation (NYSE:GHM) Sean Gillen –
RYE, N.Y., July 30, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Featured Companies AAR Corp. (NYSE:AIR) Elbit Systems Ltd. (NASDAQ:ESLT)Albany Inte
WOOD DALE, Ill., July 24, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed multiple long-term distribution agreements with Ontic that expand the companies' existing defense and commercial partnerships and enhance service offerings for the U.S. government and worldwide commercial customers. Under the first defense agreement, AAR will expand its support for U.S. government customers to include a specific list of T55 engine components applicable to the CH-47 helicopter. Under a se
WOOD DALE, Ill., July 22, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded on TIME's inaugural list of America's Best Mid-Size Companies 2024. "Recognition as one of America's Best Mid-Size Companies by TIME is both an honor and a testament to our strengths."This prestigious award is presented by TIME and Statista Inc., the leading statistics portal and industry ranking provider. The list of the top 500 mid-size companies can be viewed on TIME's website. America's Best Mi
Record fourth quarter sales of $657 million, up 19% over the prior yearFourth quarter GAAP diluted earnings per share from continuing operations of $0.26, compared to $0.66 in Q4 FY2023Record fourth quarter adjusted diluted earnings per share from continuing operations of $0.88, up 6% from $0.83 in Q4 FY2023Fourth quarter cash flow provided by operating activities from continuing operations of $25 millionRecord full year sales of $2.3 billion, up 17% over the prior yearFull year GAAP diluted earnings per share from continuing operations of $1.29, compared to $2.52 in FY2023; record adjusted earnings of $3.33 in FY2024, up 16% from $2.86 in FY2023WOOD DALE, Ill., July 18, 2024 /PRNewswire/ --
WOOD DALE, Ill., July 2, 2024 /PRNewswire/ -- 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 fourth quarter of fiscal year 2024, ended May 31, 2024, after the close of the New York Stock Exchange trading session on Thursday, July 18, 2024. On Thursday, July 18, 2024, at 4:00 p.m. Central time, AAR will hold a conference call to discuss the results. A listen-only webcast and slides can be accessed at https://edge.media-server.com/mmc/p/8qeyvfs4.
This award recognizes AAR's impact and commitment to delivering employee satisfaction through the Company's people-oriented culture, competitive compensation, and career development opportunities. WOOD DALE, Ill., June 27, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has been recognized as one of America's Greatest Workplaces for 2024 by Newsweek and Plant-A Insights Group. This award recognizes AAR's impact and commitment to delivering employee satisfaction.Ne
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