AAR Corp. (AIR) Tops Q3 EPS by 3c, Revenues Beat; Withdraws FY20 Guidance, Citing 'Macro Uncertainty from Impact of COVID-19'

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Go back to AAR Corp. (AIR) Tops Q3 EPS by 3c, Revenues Beat; Withdraws FY20 Guidance, Citing 'Macro Uncertainty from Impact of COVID-19'

AAR Reports Record Third Quarter Fiscal Year 2020 Results

March 24, 2020 4:05 PM EDT

WOOD DALE, Ill., March 24, 2020 /PRNewswire/ -- AAR CORP. (NYSE: AIR) today reported third quarter Fiscal Year 2020 consolidated sales of $553.1 million and income from continuing operations of $2.6 million, or $0.07 per diluted share.  Third quarter results included a predominantly non-cash pretax charge of $24.7 million primarily resulting from restructuring and exiting underperforming contracts in commercial programs.  For the third quarter of the prior year, the Company reported sales of $529.5 million and income from continuing operations of $27.4 million, or $0.78 per diluted share.  Our adjusted diluted earnings per share from continuing operations were $0.67 in the... More