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AAR Corp. (AIR)
NYSE:AIR
Holding AIR?
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Earnings Data
Report Date
Jan 07, 2025After Close Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.84Last Year’s EPS
$0.81Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 23, 2024
|% Change Since: -12.34%
|Next Earnings Date:Jan 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong sales growth, successful acquisitions, and significant government contract wins, contributing to positive momentum. However, challenges such as the decline in USM sales and cash flow issues were noted. Overall, the company's future outlook appears promising despite these hurdles.Company Guidance
During the Fiscal 2025 First Quarter Earnings Call for AAR, the company provided guidance reflecting a strong start to the year, with sales reaching $662 million, marking a 20% year-over-year increase. The company's adjusted operating margin improved by 180 basis points to 9.1%, and adjusted EBITDA margin increased by 180 basis points to 11.3%. In terms of segment performance, Parts Supply saw a 5% sales increase to $250 million, despite a 22% decline in USM sales, while Repair and Engineering sales surged by 58% to $218 million. Integrated Solutions also achieved an 8% sales increase. Additionally, AAR announced significant new business wins, including a five-year contract with the Navy. For the second quarter, the company anticipates sales growth of 18% to 22% and expects to maintain an adjusted operating margin similar to Q1.Strong Sales Growth
Quarterly sales reached $662 million, marking a 20% year-over-year increase, with both commercial and government businesses growing at 20%.
Operating Margin Expansion
Adjusted operating margins increased by 180 basis points year-over-year, from 7.3% to 9.1%, driven by organic margin expansion and acquisitions.
Successful Acquisitions
Recent acquisitions of TRAX and Product Support significantly contributed to growth and exceeded initial expectations.
Record Part Sales
New parts distribution sales grew 26% organically, reaching the highest quarter ever for individual part sales.
Repair and Engineering Growth
Repair and Engineering sales grew 58%, with an adjusted operating margin increase of 460 basis points to 11.2%.
Government Contract Wins
Awarded a 5-year IDIQ contract with the Navy for airframe maintenance and a new contract for engine maintenance on the Navy's P8 fleet.
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AIR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AIR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Sep 23, 2024 | $69.10 | $65.99 | -4.50% |
| Jul 18, 2024 | $73.29 | $64.42 | -12.10% |
| Mar 21, 2024 | $63.92 | $60.12 | -5.94% |
| Dec 21, 2023 | $70.79 | $63.57 | -10.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AAR Corp. (AIR) report earnings?
AAR Corp. (AIR) is schdueled to report earning on Jan 07, 2025, After Close Not Confirmed.
What is AAR Corp. (AIR) earnings time?
AAR Corp. (AIR) earnings time is at Jan 07, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AIR EPS forecast?
AIR EPS forecast for the fiscal quarter 2025 (Q2) is $0.84.
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