AAR Responds To Inquiries On Stock Trading Activity And Confirms Stock Repurchase Plan
"We believe that the market price of AAR common stock does not adequately reflect the underlying value of the Company," David P. Storch, President and CEO, said. "Accordingly, we believe the stock presents a good investment opportunity for the Company at this time."
The Company currently has 27,700,000 shares of common stock outstanding. AAR CORP., traded NYSE (AIR), is the premier supplier of aerospace/aviation aftermarket products and services. The company primarily supplies parts and equipment, performs technical services and manufactures proprietary products for the global aviation industry.
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AAR reports third quarter fiscal year 2024 results
Wood Dale, Illinois, March 21, 2024 — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported third quarter fiscal year 2024 consolidated sales of $567.3 million and income from continuing operations of $14.0 million, or $0.39 per diluted share. For the third quarter of the prior year, the Company reported sales of $521.1 million and income from continuing operations of $21.8 million, or $0.62 per diluted share. Our adjusted diluted earnings per share from continuing operations in the third quarter of fiscal year 2024 were $0.85, compared to $0.75 in the third quarter of the prior year.
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AAR elects Jeffrey N. Edwards to its Board of Directors
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that Jeffrey N. Edwards has been elected to AAR’s Board of Directors, effective immediately. This appointment increases AAR’s Board from 11 to 12 Director positions.
March 20, 2024
AAR, Cebu Pacific sign CFM56-5B surplus material agreement
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year agreement to supply surplus material for the CFM56-5B engine to Cebu Pacific.
Under this agreement, AAR will support the 30 CFM56-5B scheduled shop visits Cebu Pacific has planned for the term of the contract.