AAR Corp. (AIR) Reports In-Line Q1 EPS

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Go back to AAR Corp. (AIR) Reports In-Line Q1 EPS

AAR Reports First Quarter Fiscal Year 2016 Results

September 24, 2015 4:05 PM EDT

WOOD DALE, Ill., Sept. 24, 2015 /PRNewswire/ -- AAR (NYSE: AIR) today reported first quarter fiscal year 2016 sales of $377.8 million and income from continuing operations of $8.2 million, or $0.23 per diluted share.  For the first quarter of the prior fiscal year, the Company reported sales of $395.1 million and income from continuing operations of $11.8 million, or $0.29 per diluted share.  

During the quarter, the Company recorded a pre-tax gain of $27.7 million within discontinued operations from the receipt of additional proceeds from the sale of the Telair Cargo Group.  Including this impact, the Company reported... More