Holmes concluded, “We anticipate continued strong sales growth in the second half of fiscal year 2025. We also expect further margin expansion in the same period as we realize the benefits from continued growth in Parts Supply, synergies from the Product Support acquisition, and the completion of our recently announced divestiture. These margins should improve even further in fiscal year 2026 as we grow the higher margin Product Support business and our hangar expansions in Miami and Oklahoma City come online. Finally, we remain on track to reduce leverage following the Product Support acquisition as EBITDA increases and we generate operating cash.”
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AIR:
- Options Volatility and Implied Earnings Moves Today, January 07, 2025
- Options Volatility and Implied Earnings Moves This Week, January 06 – January 10, 2025
- AIR Upcoming Earnings Report: What to Expect?
- Wedbush hikes Apple target to high on Street: Morning Buzz
- AAR Corp. to divest Landing Gear Overhaul business to GA Telesis. in $51M deal