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 |
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. 20, 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 entered into a definitive agreement to divest its Landing Gear Overhaul business to GA Telesis. The transaction is valued at $51 million and is expected to close in the first quarter of the 2025 calendar year, subject to customary and regulatory closing conditions. The divestiture will be immediately accretive to margins and earnings. The divestiture is part of AAR's strategic plan to op
WOOD DALE, Ill., Dec. 19, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR) ("AAR" or the "Company") announced today that it has reached resolutions with the Department of Justice ("DOJ") and the Securities and Exchange Commission ("SEC") to resolve previously disclosed potential violations of the U.S. Foreign Corrupt Practices Act (the "FCPA") relating to certain transactions signed in 2016 and 2017 in Nepal and South Africa. After self-reporting the potential violations to the DOJ and SEC in 2019, and cooperating with both agencies in a multi-year investigation, AAR has entered a
WOOD DALE, Ill. and PARIS and AMSTELVEEN, Netherlands and CHONBURI, Thailand, Dec. 12, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, and Air France Industries KLM Engineering & Maintenance (AFI KLM E&M), a multi-product airline MRO, announced today they signed an agreement to form a joint venture in the Asia-Pacific region to support nacelles of next generation aircraft. This is the second joint venture to be formed by the companies. The first was formed in 2021 by Triumph Product Support, which was acquired by AAR earlier this year, and AFI KLM E&M to serve the Americas region.
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
WOOD DALE, Ill., Nov. 26, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been recognized by Forbes as one of America's Dream Employers 2025. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The award list was announced earlier today and can be viewed on Forbes' website. America's Dream Employers 2025 were selected based on an independent survey of college students as well as employees working over
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.
WOOD DALE, Ill., Nov. 11, 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 earned the 2025 Military Friendly® Gold Employer designation and Military Friendly® Spouse Employer designation. Institutions earning the Military Friendly® designation were evaluated using both public data sources and responses from a proprietary survey. More than 1,200 companies participated in the Military Friendly® survey. Methodology, criteria, and weightings were determined by VIQT
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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/
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,
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
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
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