AAR Corp. (AIR) News

AAR Corp. (AIR): $68.06

0.52 (+0.77%)

POWR Rating

Component Grades

Momentum

B

Stability

C

Sentiment

Quality

D

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Industry: Air/Defense Services

Industry

D

Ranked

#46 of 71

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AIR News Results

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AIR News Highlights

  • For AIR, its 30 day story count is now at 16.
  • Over the past 26 days, the trend for AIR's stories per day has been choppy and unclear. It has oscillated between 1 and 5.
  • The most mentioned tickers in articles about AIR are USM, NOTE and AMP.

Latest AIR News From Around the Web

Below are the latest news stories about AAR CORP that investors may wish to consider to help them evaluate AIR as an investment opportunity.

AAR signs extension and expansion of flight-hour component support agreement with ASL Aviation Holdings DAC

AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year contract extension and expansion for flight-hour component support services with ASL Aviation Holdings DAC (ASL Airlines).

Yahoo | December 27, 2023

AAR Corp. (NYSE:AIR) Q2 2024 Earnings Call Transcript

AAR Corp. (NYSE:AIR) Q2 2024 Earnings Call Transcript December 21, 2023 AAR Corp. reports earnings inline with expectations. Reported EPS is $0.81 EPS, expectations were $0.81. AIR isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good afternoon, everyone. Welcome to […]

Yahoo | December 23, 2023

AAR Corp. (AIR) Q2 2024 Earnings Call Transcript

AAR Corp. (AIR)

Q2 2024 Earnings Conference Call

December 21, 2023 16:45 ET

Company Participants

John Holmes - Chairman, President and Chief Executive Officer

Sean Gillen - Chief Financial Officer

Conference Call Participants

Robert Spingarn - Melius Research

Bert Subin - Stifel

Steve Strackhouse - RBC Capital Markets

Presentation

Operator

Good afternoon, everyone. Welcome to AAR’s Fiscal 2024 Second Quarter Earnings Call. We are joined today by John Holmes, Chairman, President and Chief Executive Officer; and Sean Gillen, Chief Financial Officer.

Before we begin, I’d like to remind you that comments made during the call may include forward...

SA Transcripts on Seeking Alpha | December 22, 2023

AIR Stock Earnings: AAR Meets EPS, Misses Revenue for Q2 2024

AIR stock results show that AAR met analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.

InvestorPlace Earnings on InvestorPlace | December 22, 2023

AAR (AIR) Q2 Earnings On Par With Estimates, Sales Rise Y/Y

AAR's (AIR) fiscal second-quarter earnings and revenues increase year over year. Net interest expense also increases during the same period.

Yahoo | December 22, 2023

Q2 2024 AAR Corp Earnings Call

Q2 2024 AAR Corp Earnings Call

Yahoo | December 22, 2023

AAR Corp (AIR) Reports Strong Second Quarter Fiscal Year 2024 Results

Commercial Sales Drive 16% Revenue Increase; Adjusted EPS Rises to $0.81

Yahoo | December 21, 2023

AAR reports second quarter fiscal year 2024 results

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

Yahoo | December 21, 2023

Aerospace supplier Triumph to sell its components aftermarket business for $725 mln

Aerospace supplier Triumph Group said on Thursday it would sell its components aftermarket business that makes structures, airframes and engine accessories to AAR Corp for $725 million, sending its shares up by 23.7% in early trading. The move will help Triumph, which counts Boeing and Airbus as customers, to cut down debt and focus on its key business of making aircraft parts, spares and intellectual property-based aftermarket businesses. Pennsylvania-based Triumph has been working to strengthen its balance sheet and improve cash flow as suppliers ramp up production buoyed by robust demand for commercial jets as air travel rebounds post-pandemic.

Yahoo | December 21, 2023

AAR announces agreement to acquire Triumph Group's Product Support business, a leading provider of MRO services to the global aviation aftermarket

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, AAR expects to receive estimated tax benefits with a present value of approximately $80 million. Including the estimated tax benefits, the effective purchase price multiple is expected to be 11.7x FY2024 EBITDA and 9.9x

Yahoo | December 21, 2023


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