Overview
AAR Corp fiscal Q1 sales rise 12% to $740 mln, beating analyst expectations, per LSEG data
Adjusted EPS for fiscal Q1 increases 27% to $1.08, exceeding estimates, per LSEG data
Growth driven by Parts Supply segment, up 27%, and strategic investments
Result Drivers
PARTS SUPPLY GROWTH - Parts Supply segment sales rose 27%, driven by new business and market share expansion in new parts Distribution
INVESTMENTS - Co made strategic investments in Parts Supply to support growth and acquired Aerostrat to enhance Trax software capabilities
HIGH DEMAND - High demand for Parts Supply offerings and sold-out capacity in Repair & Engineering indicate strong future sales potential
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Beat | $739.60 mln | $688.70 mln (4 Analysts) |
Q1 Adjusted EPS | Beat | $1.08 | $0.98 (4 Analysts) |
Q1 EPS | $0.95 | ||
Q1 Net Income | $34.40 mln | ||
Q1 Operating Income | $64.90 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for AAR Corp is $83.00, about 7.3% above its September 22 closing price of $76.90
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nPn8l4HlRa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)