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AAR Corp.

AAR Corp.

NYSE•AIR
CEO: Mr. John McClain Holmes III
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 1980-03-17
AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes. This segment also develops specific aircraft components and parts; and designs proprietary designated engineering representative repairs. The Integrated Solutions segment engages in the fleet management and operation of customer-owned aircraft; provision of supply chain logistics services, such as material planning, sourcing, logistics, information and program management, and parts and component repair and overhaul services; and flight hour component inventory and repair services. In addition, the segment provides integrated software solutions comprising Trax, a cloud-based electronic enterprise resource platform, as well as a suite of paperless mobility apps for automating MRO workflows. The Expeditionary Services segment designs, manufactures, and repairs transportation pallets; and containers and shelters for military and humanitarian tactical deployment activities, including armories, supply and parts storage, refrigeration systems, tactical operation centers, briefing rooms, laundry and kitchen facilities, water treatment, and sleeping quarters, as well as engages in provision of engineering, design, and system integration services for specialized command and control systems. AAR Corp. was founded in 1951 and is headquartered in Wood Dale, Illinois.
Contact Information
One AAR Place, 1100 North Wood Dale Road, Wood Dale, IL, 60191, United States
630-227-2000
www.aarcorp.com
Market Cap
$4.35B
P/E (TTM)
43.0
48.7
Dividend Yield
--
52W High
$109.96
52W Low
$46.51
52W Range
100%
Rank42Top 47.5%
3.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q2 2026 Data

Revenue

$795.30M+15.92%
4-Quarter Trend

EPS

$0.91-278.43%
4-Quarter Trend

FCF

$6.20M-79.26%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Quarterly Sales Jump 15.9% Total Sales reached $795.3M for the three months ended November 30, 2025, marking a strong 15.9% increase over prior period.
Net Income Reverses Loss Net income was $34.6M for the quarter, reversing the prior period net loss of $(30.6)M, reflecting strong operational leverage.
Six Month Sales Growth Six months sales grew 13.9% to $1,534.9M, driven by commercial demand and contributions from recent acquisitions.
Strategic Acquisitions Completed Secured ADI for $137.7M and HAECO Americas for $76.5M, expanding Parts Supply and Repair segments effectively.

Risk Factors

Operating Cash Flow Negative Cash used in operating activities totaled $(31.3)M for six months, contrasting prior period $3.4M provided cash flow.
Russian Litigation Liability Finalized $2.0M long-term liability recorded for Russian judgment; company believes defenses are strong against enforcement.
A220 Guarantee Uncertainty Performance guarantee claim on A220 contract filed seeking damages over $32M; loss estimation remains uncertain.
Integration Cost Exposure Expect $7.0M facility closure costs related to HAECO Americas integration, expected to be completed by fiscal 2027.

Outlook

Facility Expansion Underway Expanding Miami and Oklahoma City airframe maintenance facilities to meet growing customer demand through 2026.
Pending ART Acquisition Agreement signed to acquire Aircraft Reconfig Technologies for $35M, expected close in the fourth quarter of fiscal 2026.
Corporate HQ Sale Planned Letter of intent signed to sell Wood Dale HQ for $26.0M, expecting a 2.5-year leaseback arrangement.
Firm Backlog Visibility Approximately $755M firm backlog exists; 65% expected revenue recognition within the next 12 months.

Peer Comparison

Revenue (TTM)

Terex CorporationTEX
$5.34B
+4.6%
TriNet Group, Inc.TNET
$5.09B
+1.6%
Matson, Inc.MATX
$3.38B
+1.9%

Gross Margin (Latest Quarter)

AMMO, Inc.POWW
87.1%
+64.1pp
Cadre Holdings, Inc.CDRE
41.9%
+5.3pp
Standex International CorporationSXI
39.7%
+2.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MATX$5.15B12.116.2%15.6%
VSEC$4.56B151.72.7%2.9%
AIR$4.35B43.07.2%32.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.5%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 25, 2026
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EPS:-
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Revenue:-
Reports
Financials
All Years
  • Form 10-Q - Q2 2026

    Period End: Nov 30, 2025|Filed: Jan 7, 2026|
    Revenue: $795.30M+15.9%
    |
    EPS: $0.91-278.4%
    Miss
  • Form 10-Q - Q1 2026

    Period End: Aug 31, 2025|Filed: Sep 23, 2025|
    Revenue: $739.60M+11.8%
    |
    EPS: $0.96+88.2%
    Meet
  • Form 10-K - FY 2025

    Period End: May 31, 2025|Filed: Jul 22, 2025|
    Revenue: $2.78B+19.9%
    |
    EPS: $0.35-73.1%
    Miss
  • Form 10-Q - Q3 2025

    Period End: Feb 28, 2025|Filed: Mar 28, 2025|
    Revenue: $678.20M+19.5%
    |
    EPS: $-0.25-162.5%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Nov 30, 2024|Filed: Jan 8, 2025|
    Revenue: $686.10M+25.8%
    |
    EPS: $-0.51-176.1%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Aug 31, 2024|Filed: Sep 24, 2024|
    Revenue: $661.70M+20.4%
    |
    EPS: $0.51-3048.0%
    Miss
  • Form 10-K - FY 2024

    Period End: May 31, 2024|Filed: Jul 19, 2024|
    Revenue: $2.32B+16.5%
    |
    EPS: $1.30-49.2%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Feb 29, 2024|Filed: Mar 21, 2024|
    Revenue: $567.30M+8.9%
    |
    EPS: $0.40-36.5%
    Miss