AAR Corp. (AIR) Tops Q3 EPS by 8c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Below Consensus, FY19 Revenue Guidance Below Consensus

AAR Corp. (NYSE: AIR) reported Q3 EPS of $0.78, $0.08 better than the analyst estimate of $0.70. Revenue for the quarter came in at $529.5 million versus the consensus estimate of $539.47 million.

"Our double-digit sales growth and strong cash flows were driven by outstanding performance in our parts supply and programs activities. Our comprehensive aviation services growth strategy has driven success in both the global commercial and government markets," said John M. Holmes, President and Chief Executive Officer of AAR CORP.

Holmes concluded, "We are very pleased with our double-digit organic growth during the quarter and particularly pleased with the cash flow from operations which further strengthened our balance sheet. We are excited about the opportunities we see to deploy capital to continue to build out our services offering and drive shareholder return."

GUIDANCE:

AAR Corp. sees FY2019 EPS of $2.50-$2.57, versus the consensus of $2.57. AAR Corp. sees FY2019 revenue of $2.01-2.03 billion, versus the consensus of $2.05 billion.

For earnings history and earnings-related data on AAR Corp. (AIR) click here.

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