AAR Corp. reports Q2 adjusted EPS 90c, consensus 84c

Reports Q2 revenue $686M, consensus $654.09M. AAR delivered another solid quarter with record sales and improved margins,” said John M. Holmes, AAR’s Chairman, President and Chief Executive Officer. “Our sales grew 26%, underpinned by strong organic growth of 12%, which accelerated from 6% in the first quarter. We saw 20% sales growth in our Parts Supply segment, led by a significant expansion in our commercial new parts distribution activities, and a return to growth in USM as high demand for engine and airframe components continued and asset availability improved. Sales in Repair & Engineering grew 57% year-over-year due to meaningful contributions from our Product Support acquisition and continued efficiency gains in our heavy maintenance hangars. The double-digit sales growth across our commercial and government businesses have us tracking toward another record year.”