AAR Corp
AIR
$82.70 -1.30%
Exchange: NYSE | Sector: Industrials | Industry: Aerospace Defense
Q3 2024
Published: Mar 21, 2024

Earnings Highlights

  • Revenue of $567.30M up 8.9% year-over-year
  • EPS of $0.39 decreased by 36.5% from previous year
  • Gross margin of 19.4%
  • Net income of 14.00M
  • "John Holmes: 'We delivered another strong quarter. Sales were up 9% year-over-year from $521 million to a third quarter record of $567 million.'" - John Holmes
AIR
AAR Corp

Executive Summary

In Q3 2024, AAR Corp achieved record revenues of $567 million, representing a substantial year-over-year increase of 9% from $521 million in Q3 2023. This performance is attributed to robust growth in commercial salesÒ€”up 18%Ò€”which more than compensated for a 7% decline in government sales. Management is optimistic about the integration of the recently acquired Triumph Product Support business, which is expected to bolster the Repair & Engineering segment and enhance profitability through strategic operational efficiencies. The company's continued investment in growth areas and competitive positioning appears set to deliver further improvements in revenue and margins moving forward.

Key Performance Indicators

Revenue
Increasing
567.30M
QoQ: 4.02% | YoY: 8.87%
Gross Profit
Increasing
110.30M
19.44% margin
QoQ: 6.67% | YoY: 16.97%
Operating Income
Decreasing
33.00M
QoQ: -13.84% | YoY: -2.94%
Net Income
Decreasing
14.00M
QoQ: -41.18% | YoY: -35.78%
EPS
Decreasing
0.40
QoQ: -40.30% | YoY: -36.51%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 739.60 0.95 +12.7% View
Q3 2025 678.20 -0.25 +19.6% View
Q2 2025 686.10 -0.51 +25.8% View
Q1 2025 661.70 0.50 +20.4% View
Q4 2024 656.50 0.25 +18.7% View
Q3 2024 567.30 0.39 +8.9% View