AAR Corp. (AIR)

AAR Corp. Income Statement

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Nov 30, 2024	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020
Revenue	2,572	2,319	1,991	1,820	1,652	2,072
Revenue Growth (YoY)	18.53%	16.50%	9.37%	10.15%	-20.26%	0.98%
Cost of Revenue	2,088	1,877	1,620	1,507	1,424	1,803
Gross Profit	483.4	442.3	370.1	313.2	228.4	269.2
Selling, General & Admin	360	279.5	229.8	200.9	183.1	220.1
Operating Expenses	360.2	280.2	232.4	202.1	191.6	225.5
Operating Income	123.2	162.1	137.7	111.1	36.8	43.7
Interest Expense	-69.3	-43.2	-12.2	-2.4	-5	-9.3
Interest & Investment Income	2.2	2.2	1	0.1	0.2	0.5
Earnings From Equity Investments	4.3	-0.2	-3.2	-2.9	0.2	-1.9
Other Non Operating Income (Expenses)	-27.8	-27.6	-1.4	0.9	4	-2.6
EBT Excluding Unusual Items	32.6	93.3	121.9	106.8	36.2	30.4
Merger & Restructuring Charges	-21	-21	-	-	-	-
Gain (Loss) on Sale of Assets	-2.5	-2.8	-0.7	-1.7	-20.2	-
Legal Settlements	-	-11.2	-	-	-	-
Other Unusual Items	27.4	-	-	-	48.5	-
Pretax Income	36.5	58.3	121.2	105.1	64.5	30.4
Income Tax Expense	26	12	31.4	26.6	18.2	5.6
Earnings From Continuing Operations	10.5	46.3	89.8	78.5	46.3	24.8
Earnings From Discontinued Operations	-	-	0.4	0.2	-10.5	-20.4
Net Income	10.5	46.3	90.2	78.7	35.8	4.4
Preferred Dividends & Other Adjustments	0.2	0.5	1.1	0.6	0.4	0.1
Net Income to Common	10.3	45.8	89.1	78.1	35.4	4.3
Net Income Growth	-84.60%	-48.67%	14.61%	119.83%	713.64%	-41.33%
Shares Outstanding (Basic)	35	35	35	36	35	35
Shares Outstanding (Diluted)	35	35	35	36	35	35
Shares Change (YoY)	0.28%	0.85%	-2.50%	1.98%	0.86%	0.29%
EPS (Basic)	0.29	1.30	2.57	2.19	1.01	0.12
EPS (Diluted)	0.28	1.29	2.53	2.17	1.00	0.12
EPS Growth	-85.11%	-49.04%	16.89%	116.00%	711.37%	-39.77%
Free Cash Flow	18.8	13.9	-6.2	57.9	93.9	-59.7
Free Cash Flow Per Share	0.53	0.39	-0.18	1.61	2.66	-1.71
Dividend Per Share	-	-	-	-	-	0.300
Gross Margin	18.80%	19.07%	18.59%	17.21%	13.82%	12.99%
Operating Margin	4.79%	6.99%	6.92%	6.10%	2.23%	2.11%
Profit Margin	0.40%	1.98%	4.48%	4.29%	2.14%	0.21%
Free Cash Flow Margin	0.73%	0.60%	-0.31%	3.18%	5.68%	-2.88%
EBITDA	176.1	203.3	165.4	144.2	73.1	87.4
EBITDA Margin	6.85%	8.77%	8.31%	7.92%	4.42%	4.22%
D&A For EBITDA	52.9	41.2	27.7	33.1	36.3	43.7
EBIT	123.2	162.1	137.7	111.1	36.8	43.7
EBIT Margin	4.79%	6.99%	6.92%	6.10%	2.23%	2.11%
Effective Tax Rate	71.23%	20.58%	25.91%	25.31%	28.22%	18.42%
Revenue as Reported	2,572	2,319	1,991	1,820	1,652	2,072

Source: S&P Capital IQ. Standard template. Financial Sources.