AOG Investors OPS Portal PAARTSSM Store
X Facebook Instagram Linkedin YouTube Threads

Press release

May 24, 2010

AAR Provides Outlook on Fourth Quarter Results

WOOD DALE, Ill., /PRNewswire via COMTEX/ --AAR CORP. (NYSE: AIR), today commented that results for the fourth quarter ending May 31, 2010, will be below its expectations due to a slower than expected recovery in demand for commercial aviation after-market support. The Company expected additional strength in its commercial parts supply businesses during the quarter to more than offset an expected decline in volumes and margins at its mobility products business.

Fourth quarter results will also be negatively impacted by $0.02 per share, compared to third quarter, due to one-time transaction costs associated with a business acquisition. Including the above, the Company expects fourth quarter sales to be $355 to $365 million and diluted earnings per share of $0.25 to $0.30. This compares to third quarter sales of $310 million and fully diluted earnings per share of $0.26. The Company is forecasting stronger cash flow from operations for the fourth quarter compared to the third quarter.

"While we have seen signs of recovery in some of our businesses that support commercial aviation, we expected a more meaningful pick-up in our parts business which has not yet materialized," said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. "Although the pace of recovery in our commercial markets is less robust than we expected, I am very pleased that we continue to generate cash significantly greater than our earnings."

Storch continued, "I remain encouraged with the prospects for our commercial aviation business, while our defense and government services businesses continue to perform well and meet our expectations. I am also pleased with the early performance and integration efforts surrounding our new acquisition, Aviation Worldwide Services. Based on the business activity in front of us and our continued strong cash flow performance, we will enter our new fiscal year expecting double-digit year-over-year diluted earnings per share growth."

AAR is a leading provider of value-added products and services to the worldwide aerospace and government/defense industries. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and government/defense customers through three operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; and Structures and Systems. More information can be found at

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's May 31, 2009 Form 10-K. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company's control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR's filings with the Securities and Exchange Commission.

Related news

See all SeeAll
AAR Doing It Right logo

Press release

April 11, 2024

AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products

Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an extension and expansion of its V2500 engine component distribution agreement with Sumitomo Precision Products Co., Ltd. (SPP).

Press release

April 09, 2024

AAR awarded Supplier of the Year by Atlas Air Worldwide

Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, was awarded the 2023 Component Repair Supplier of the Year – Large Volume Category by Atlas Air Worldwide (Atlas Air). 

Press release

April 05, 2024

AAR breaks ground on MRO facility expansion in Oklahoma City

Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, broke ground on the expansion of its maintenance, repair, and overhaul facility in Oklahoma City earlier today.

AOG Investors OPS Portal PAARTSSM Store

Our products

Airframe parts Engine solutions Distribution Mobility Systems AOG Contact nowContact

Our services

Repair & Engineering

Airframe MRO Landing Gear Overhaul Component Services Wheels and Brakes Engineering Services

Integrated Solutions

Flight-hour support Consumables and Expendables Airinmar® Trax(SM)

Additional services

Sourcing, purchasing, and remarketing ASTRO Government contract vehicles


Our CompanyOur Company

Locations Certifications Digital innovation

Doing It Right®Doing It Right®

Environmental, social, and governance Ethics and compliance




US job openings Amsterdam job openings Thailand job openings Trois Rivières - Canada job openings United Kingdom job openings Windsor - Canada job openings
Employee experience Diversity, equity, and inclusion Military veterans EAGLE Pathway Program


News Media resources
2023 Annual Report 2023 ESG Summary Report