AAR Corp. filed SEC Form 8-K: Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

$AIR
Aerospace
Industrials
Get the next $AIR alert in real time by email
false 0000001750 Common Stock, $1.00 par value AIR 0000001750 2025-04-03 2025-04-03 0000001750 us-gaap:CommonStockMember exch:XCHI 2025-04-03 2025-04-03 0000001750 us-gaap:CommonStockMember exch:XNYS 2025-04-03 2025-04-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
Common Stock, $1.00 par value   AIR  

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported): April 3, 2025

 

AAR CORP.

(Exact name of registrant as specified in its charter)

 

Delaware   1-6263   36-2334820
(State of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)

 

One AAR Place
1100 N. Wood Dale Road
Wood Dale, Illinois 60191
(Address and Zip Code of Principal Executive Offices)
 
Registrant’s telephone number, including area code: (630) 227-2000

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common Stock, $1.00 par value   AIR   New York Stock Exchange
    Chicago Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule  405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 7.01.  Regulation FD Disclosure.

 

On April 3, 2025, AAR CORP. (the “Company”) issued a press release announcing the completion of the sale of its Landing Gear Overhaul business to GA Telesis. A copy of the press release is furnished and attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, nor shall it be deemed incorporated by reference in any filing under the Securities Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 8.01.  Other Events.

 

On April 3, 2025, the Company completed the previously announced sale of its Landing Gear Overhaul business to GA Telesis for $51 million, subject to post-closing adjustments for working capital, cash, and debt. The Company received net proceeds of approximately $48 million from the sale, which reflects selling costs and an estimated working capital adjustment.

 

Item 9.01.  Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
     
99.1   Press release issued by AAR CORP. on April 3, 2025
104   Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Date: April 3, 2025  
   
 AAR CORP.
  
   
 By:/s/ Jessica A. Garascia  
  Jessica A. Garascia  
  Senior Vice President, General Counsel, Chief Administrative Officer and Secretary
   

 

 

 

 

Get the next $AIR alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$AIR

DatePrice TargetRatingAnalyst
1/16/2025$83.00Overweight
KeyBanc Capital Markets
1/29/2024Outperform
William Blair
12/1/2023$80.00Buy
Stifel
10/22/2021$45.00Outperform
RBC Capital
7/16/2021$51.00 → $52.00Outperform
Credit Suisse
More analyst ratings

$AIR
Press Releases

Fastest customizable press release news feed in the world

See more
  • AAR completes sale of Landing Gear Overhaul business

    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

    $AIR
    Aerospace
    Industrials
  • AAR named Top Shop for Best Total Solutions Provider Repair by The145.com

    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.

    $AIR
    Aerospace
    Industrials
  • AAR earns Great Place To Work Certification™

    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,

    $AIR
    Aerospace
    Industrials

$AIR
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$AIR
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$AIR
SEC Filings

See more

$AIR
Leadership Updates

Live Leadership Updates

See more
  • AAR elects Hema Widhani to its Board of Directors

    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

    $AIR
    Aerospace
    Industrials
  • GATX Corporation Adds John Holmes to Board of Directors

    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

    $AIR
    $GATX
    Aerospace
    Industrials
    Transportation Services
    Consumer Discretionary
  • AAR elects Billy Nolen to its Board of Directors

    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

    $AIR
    Aerospace
    Industrials

$AIR
Financials

Live finance-specific insights

See more
  • AAR reports third quarter fiscal year 2025 results

    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

    $AIR
    Aerospace
    Industrials
  • AAR to announce third quarter fiscal year 2025 results on March 27, 2025

    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

    $AIR
    Aerospace
    Industrials
  • AAR reports second quarter fiscal year 2025 results

    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

    $AIR
    Aerospace
    Industrials

$AIR
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more