AAR Corp. (AIR) Misses Q2 EPS by 1c

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AAR Reports Second Quarter Fiscal Year 2018 Results

December 21, 2017 4:01 PM EST

WOOD DALE, Ill., Dec. 21, 2017 /PRNewswire/ -- AAR CORP. (NYSE: AIR) today reported second quarter Fiscal Year 2018 consolidated sales of $449.7 million, representing a $25.9 million or 6% increase year over year.  This increase was driven by strong sales growth in the Aviation Services segment, which increased 13% from $346.7 million to $391.6 million.

The Company reported a net loss of ($22.6) million, or ($0.66) per diluted share, as it recognized non-cash asset impairment and related charges of $54.2 million in its Expeditionary Services segment due to the completion of certain customer contracts, as well as industry trends affecting the... More