AAR Corp. reports Q3 adjusted EPS 99c, consensus 96c

Reports Q3 revenue $678M, consensus $699.13M. “We delivered another strong quarter of significant year-over-year sales and earnings growth,” said John M. Holmes, AAR’s Chairman, President and Chief Executive Officer. “Sales were 20% higher than in the same quarter last year as demand remains elevated for our aftermarket services. Parts Supply sales increased 12%, driven by impressive gains in our new parts Distribution with both commercial and government activities. Our Repair & Engineering segment sales increased more than 53% year-over-year, with significant contributions from the Product Support acquisition as well as increased throughput within our Airframe MRO facilities. Integrated Solutions also posted meaningful earnings growth from both commercial and government programs as well as notable contributions from Trax.”