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 |
|---|---|---|---|
| 1/16/2025 | $83.00 | Overweight | KeyBanc Capital Markets |
| 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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WOOD DALE, Ill., March 27, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, reported today financial results for the fiscal year 2025 third quarter ended February 28, 2025. THIRD QUARTER FISCAL YEAR 2025 HIGHLIGHTS(As compared to Q3 FY2024) Sales of $678 million; increased 20%GAAP EPS of $(0.25)Adjusted diluted EPS of $0.99; increased 16%GAAP Net loss of $9 millionAdjusted EBITDA of $81 million; increased 39%Adjusted EBITDA margin increased to 12.0% from 10.3%MANAGEMENT COMMENTARY "We delivered another strong quarter of significant year-over-year sales and earnings growth," said John M. Holmes, AAR's Ch
WOOD DALE, Ill., March 13, 2025 /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 2025, ended February 28, 2025, after the close of the New York Stock Exchange trading session on Thursday, March 27, 2025. On Thursday, March 27, 2025, at 4 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/htokn
WOOD DALE, Ill., Jan. 7, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, reported today financial results for the fiscal year 2025 second quarter ended November 30, 2024. SECOND QUARTER FISCAL YEAR 2025 HIGHLIGHTS(As compared to Q2 FY24) Sales of $686 million; increased 26%Organic growth of 12%; accelerated from 6% in Q1GAAP EPS of $(0.87)Adjusted EPS (diluted) of $0.90; increased 11%GAAP Net loss of $31 millionAdjusted EBITDA of $78 million; increased 42%Cash flow provided by operating activities of $22 millionMANAGEMENT COMMENTARY "AAR delivered another solid quarter with record sales and improved ma
WOOD DALE, Ill., Dec. 9, 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 second quarter of fiscal year 2025, ended November 30, 2024, after the close of the New York Stock Exchange trading session on Tuesday, January 7, 2025. On Tuesday, January 7, 2025, at 4 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/ajocdb
First quarter sales of $662 million, up 20% over the prior yearFirst quarter GAAP diluted earnings per share of $0.50 compared to a loss per share of $0.02 in Q1 FY2024First quarter adjusted diluted earnings per share of $0.85, up 9% from $0.78 in Q1 FY2024Sales growth of 20% in both our commercial and government businessesWOOD DALE, Ill., Sept. 23, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported first quarter fiscal year 2025 consolidated sales of $661.7 million and net income of $18.0 million, or $0.50 per diluted share. For the first quarter of the prior year, the Company reported sal
WOOD DALE, Ill., Sept. 9, 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 first quarter of fiscal year 2025, ended August 31, 2024, after the close of the New York Stock Exchange trading session on Monday, September 23, 2024. On Monday, September 23, 2024, at 4 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/4zxr
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/
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KeyBanc Capital Markets initiated coverage of AAR Corp with a rating of Overweight and set a new price target of $83.00
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
WOOD DALE, Ill., May 6, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that the Company's senior management will participate in the upcoming conferences listed below. 2025 Truist Securities Industrials and Services Conference in Philadelphia on May 8th Sean Gillen, AAR's Senior Vice President and Chief Financial Officer, will participate in one-on-one investor meetings. KeyBanc 2025 Industrials & Basic Materials Conference in Boston on May 28th John M. Holmes, AAR's Cha
WOOD DALE, Ill., April 22, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, and the U.S. Defense Logistics Agency (DLA) Aviation's Supply Center in Richmond, Virginia, signed a Supply Chain Alliance charter, formalizing a commitment to strengthening joint support of the nation's warfighter. AAR is DLA Richmond's first Supply Chain Alliance partner. "AAR is honored to be selected as DLA Richmond's first Supply Chain Alliance partner," said Landrio.The charter is intended to maximize effici
MIAMI, April 16, 2025 /PRNewswire/ -- Trax, a leading global provider of paperless aviation maintenance and engineering software products, announced Amerijet International Airlines, an international cargo airline, selected Trax's eMRO and eMobility suite to enhance its maintenance operations and support its digital transformation journey. Trax commenced the implementation of its innovative solutions, including the QuickTurn, TaskControl, Line Control, and EzStock mobile apps and fully-managed cloud hosting services, to streamline Amerijet's workflows and provide real-time acce
MIAMI, April 8, 2025 /PRNewswire/ --Trax, a leading global provider of paperless aviation maintenance and engineering software products, and Rolls-Royce, a global leader in aerospace and defense technology, announced today the launch of a seamless interface between Trax's eMRO application and Rolls-Royce's Blue Data Thread platform. This collaboration marks a significant advancement in the integration of maintenance, repair, and overhaul (MRO) operations with real-time data analytics, enhancing efficiency and reliability for airlines worldwide. Revolutionizing aircraft and eng
MIAMI, April 8, 2025 /PRNewswire/ -- Trax, a leading global provider of paperless aviation maintenance and engineering software products, announced it will enable the fully digital maintenance, repair, and overhaul (MRO) platform of SIA Engineering Company's (SIAEC's) state-of-the-art heavy maintenance facility in Malaysia. This collaboration signifies a prominent milestone in the paperless movement for the aviation industry, as the new facility will leverage cutting-edge technology to streamline and enhance maintenance operations. "Developing a new facility that is entirely p
WOOD DALE, Ill., April 7, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced that Sharon Purnell has joined the Company as Senior Vice President and Chief Human Resources Officer. In this role, Purnell will oversee the Company's global Human Resources department, including its recruitment, talent management, and engagement initiatives. Purnell brings more than two decades of experience achieving positive human resources results through coaching and strategic leadership. She joins
WOOD DALE, Ill., April 7, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, has formed a joint venture, KALS LLC, with KIRA Aviation Services under the federal government's Small Business Administration Mentor-Protégé Program. The joint venture was recently awarded an E-6B Mercury pilot training contract by the U.S. Navy.Under a firm fixed-price indefinite-delivery/indefinite-quantity contract, KALS will provide in-flight training and currency for Naval Aviators in support of the U.S. Navy's E-6B Mercury pilot training. KALS will perform the work in Oklahoma City through March 2027.
WOOD DALE, Ill., April 3, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has completed the divestiture of its non-core Landing Gear Overhaul business to GA Telesis for $51 million. On December 20, 2024, AAR announced it had entered into a definitive agreement to divest the business as part of the Company's strategic plan to optimize its portfolio by investing in core functions that will accelerate its targeted growth and margin expansion initiatives. "The divesti
WOOD DALE, Ill., April 2, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, is proud to announce it has been named a Top Shop for Best Total Solutions Provider Repair by The145.com. Top Shop awards are presented to maintenance, repair, and overhaul facilities that strive to consistently deliver unmatched quality and seamless customer support. The Best Total Solutions Provider Repair is awarded to the company that offers the best full suite of comprehensive, high-quality solutions and nose-to-tail life cycle services for its customers' specific needs.
WOOD DALE, Ill., March 31, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced it has been Certified™ by Great Place To Work®. The prestigious award is based entirely on what current employees say about their experience. At AAR, 72% of employees said it's a great place To Work – 15 points higher than the average U.S. company. Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue,
WOOD DALE, Ill., April 7, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced that Sharon Purnell has joined the Company as Senior Vice President and Chief Human Resources Officer. In this role, Purnell will oversee the Company's global Human Resources department, including its recruitment, talent management, and engagement initiatives. Purnell brings more than two decades of experience achieving positive human resources results through coaching and strategic leadership. She joins
WOOD DALE, Ill., March 19, 2025 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that Hema Widhani has been elected to AAR's Board of Directors, effective March 18, 2025. This appointment increases AAR's Board from 11 to 12 Director positions. Ms. Widhani brings more than 20 years of experience in digital, marketing, and customer experience. As Prudential Financial's Chief Digital and Marketing Officer, Ms. Widhani manages the company's enterprise digital and customer experienc
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