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

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AAR Reports Third Quarter Fiscal Year 2019 Results

March 19, 2019 4:01 PM EDT

WOOD DALE, Ill., March 19, 2019 /PRNewswire/ -- AAR CORP. (NYSE: AIR) today reported third quarter fiscal year 2019 consolidated sales of $529.5 million and income from continuing operations of $27.4 million, or $0.78 per diluted share.  Third quarter results included a reduction in income tax expense of $6.5 million, or $0.19 per diluted share, primarily related to the recognition of previously reserved income tax benefits.  For the third quarter of the prior year, the Company reported sales of $456.3 million and income from continuing operations of $31.3 million, or $0.90 per diluted share.  Our adjusted diluted earnings per share from continuing operations... More