AAR Corp. (AIR) Tops Q4 EPS by 49c, Revenues Beat

AAR Corp. (NYSE: AIR) reported Q4 EPS of $0.26, $0.49 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $416.6 million versus the consensus estimate of $351.85 million.

• Fourth quarter sales of $416.5 million, down 26% from $562.7 million in Q4 FY2019 reflecting the impact of COVID-19
• Full year sales of $2.07 billion, up 1% from $2.05 billion in FY2019
• Fourth quarter GAAP and adjusted diluted earnings (loss) per share from continuing operations of $(0.43) and $0.26, respectively
• Executed multiple actions to align costs with demand and position the company for the future

Outlook

Given the continued macro uncertainty from the impact of COVID-19, we will not be providing financial guidance for Fiscal Year 2021 at this time.

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

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