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.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
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
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., Nov. 18, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, released its 2024 Sustainability Report today, highlighting the continuation and advancement of the Company's environmental, social, and governance commitments. "This Report details the Company's sustainability management and highlights recent enhancements," said Garascia.AAR's Sustainability Report details the Company's current initiatives and their alignment with AAR's values, along with opportunities identified
WOOD DALE, Ill., Nov. 14, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an exclusive multi-year distribution agreement with Whippany Actuation Systems, a TransDigm Group business. "This agreement signals our confidence in AAR's ability to deliver customer satisfaction," said Cedrick Fontes.The agreement includes the global distribution of all components and sub-assemblies in Whippany's actuation product line and expands AAR's product offerings on key platforms, including Boe
WOOD DALE, Ill., Nov. 12, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, is pleased to announce the signing of a multi-year engine parts supply agreement to distribute Chromalloy's Parts Manufacturer Approval (PMA) parts for the CF6-80C2 engine high pressure turbine (HPT) Stage 1 and Stage 2 turbine blades. Under the agreement, AAR will be the exclusive distributor of these two PMA blades to the global aftermarket with limited account coverage exclusions, due to Chromalloy's pre-existing customer agreements.
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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
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.