AAR Corp. (AIR)
| Market Cap | 2.52B |
| Revenue (ttm) | 2.22B |
| Net Income (ttm) | 60.40M |
| Shares Out | 35.43M |
| EPS (ttm) | 1.69 |
| PE Ratio | 42.05 |
| Forward PE | 19.42 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 268,155 |
| Open | 70.84 |
| Previous Close | 71.10 |
| Day's Range | 70.73 - 71.29 |
| 52-Week Range | 50.06 - 73.95 |
| Beta | 1.68 |
| Analysts | Strong Buy |
| Price Target | 81.25 (+14.34%) |
| Earnings Date | Mar 21, 2024 |
About AIR
AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components. This segment also provides fleet management and op... [Read more]
Financial Performance
In 2023, AAR Corp.'s revenue was $1.99 billion, an increase of 9.37% compared to the previous year's $1.82 billion. Earnings were $90.20 million, an increase of 14.61%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for AIR stock is "Strong Buy." The 12-month stock price forecast is $81.25, which is an increase of 14.34% from the latest price.
News
AAR to participate in the Bank of America Transportation, Airlines and Industrials Conference on May 16, 2024
WOOD DALE, Ill. , May 2, 2024 /PRNewswire/ -- AAR CORP.
AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products
WOOD DALE, Ill. , April 11, 2024 /PRNewswire/ -- AAR CORP.
AAR awarded Supplier of the Year by Atlas Air Worldwide
WOOD DALE, Ill. , April 9, 2024 /PRNewswire/ -- AAR CORP.
AAR breaks ground on MRO facility expansion in Oklahoma City
The new facility is expected to be operational in early 2026. WOOD DALE, Ill.
AAR announces exclusive commercial distribution agreement with TRIUMPH
WOOD DALE, Ill. , April 4, 2024 /PRNewswire/ -- AAR CORP.
Top 5 Industrials Stocks That Could Blast Off This Quarter - Asure Software (NASDAQ:ASUR), AAR (NYSE:AIR)
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
AAR reports third quarter fiscal year 2024 results
Record third quarter sales of $567 million, up 9% over the prior year Third quarter GAAP diluted earnings per share from continuing operations of $0.39, compared to $0.62 in Q3 FY2023 Record third qua...
AAR elects Jeffrey N. Edwards to its Board of Directors
WOOD DALE, Ill., March 20, 2024 /PRNewswire/ -- AAR CORP.
AAR, Cebu Pacific sign CFM56-5B surplus material agreement
WOOD DALE, Ill. , March 20, 2024 /PRNewswire/ -- AAR CORP.
AAR to announce third quarter fiscal year 2024 results on March 21, 2024
WOOD DALE, Ill. , March 7, 2024 /PRNewswire/ -- AAR CORP.
AAR completes acquisition of Triumph Group's Product Support business
Also completed financings to fund the Acquisition, consisting of $550 million notes offering and an amendment to AAR's existing revolving credit facility, upsizing the facility from $620 million to $8...
TRIUMPH COMPLETES SALE OF PRODUCT SUPPORT BUSINESS TO AAR
RADNOR, Pa. , March 1, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has completed the sale of its Product Support business to AAR CORP.
Airinmar signs extension of aircraft warranty and value engineering services with Philippine Airlines
BERKSHIRE, England , Feb. 21, 2024 /PRNewswire/ -- AAR (NYSE: AIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, has signed ...
AAR Prices Upsized Offering of Senior Notes to Finance Triumph Product Support Acquisition
WOOD DALE, Ill. , Feb. 14, 2024 /PRNewswire/ -- AAR CORP.
AAR announces update to financing of Triumph Product Support acquisition
Announces proposed offering of $500 million of senior notes due 2029 The acquisition will be financed with the proceeds from the proposed notes offering and use of the expanded revolver WOOD DALE, Ill...
AAR Corp says it did not perform any work near Alaska Air's mid-cabin exit door
Aviation services provider AAR Corp said on Monday it did not perform any work on or near the mid-cabin exit door plug of the Alaska Air aircraft that had a cabin panel ripped off while in mid-air.
AAR issues statement on January 5, 2024, Alaska Airlines Boeing 737 MAX 9 incident
WOOD DALE, Ill. , Jan. 8, 2024 /PRNewswire/ -- AAR CORP.
AAR signs new multi-year military distribution agreement with Ontic
WOOD DALE, Ill. , Jan. 4, 2024 /PRNewswire/ -- AAR CORP.
AAR signs extension and expansion of flight-hour component support agreement with ASL Aviation Holdings DAC
WOOD DALE, Ill. , Dec. 27, 2023 /PRNewswire/ -- AAR CORP.
AAR reports second quarter fiscal year 2024 results
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 second quarter ...
AAR announces agreement to acquire Triumph Group's Product Support business, a leading provider of MRO services to the global aviation aftermarket
Meaningfully scales AAR's repair capabilities and is highly complementary to existing portfolio Significantly accretive to margins and expands customer base and global footprint Expected run-rate cos...
TRIUMPH ANNOUNCES SALE OF PRODUCT SUPPORT BUSINESS TO AAR
TRANSACTION EXPECTED TO MEANINGFULLY STRENGTHEN TRIUMPH'S BALANCE SHEET AND FOCUS COMPANY ON ITS OEM AND IP-BASED AFTERMARKET BUSINESS RADNOR, Pa. , Dec. 21, 2023 /PRNewswire/ -- Triumph Group, Inc. ...
AAR adds Woodward, Inc. (66503) distribution support under Supplier Capability Contract with DLA Aviation
Wood Dale, Illinois, Dec. 11, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has added distribution sup...
AAR to announce second quarter fiscal year 2024 results on December 21, 2023
Wood Dale, Illinois, Dec. 07, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it wi...
AAR announces extension and expansion of Alaska Airlines MRO relationship, expected facility expansion in Oklahoma City
The agreement is expected to bolster AAR's workforce development efforts, benefiting both companies, the industry, and the Oklahoma labor market. The agreement is expected to bolster AAR's workforce d...