NYSE$AIR
Aar Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
AAR CORP reported a sales increase and adjusted earnings per share for Q1 2024.
AAR CORP reported a 23.2% increase in consolidated sales compared to the prior year quarter, with sales reaching $549.7 million. The company experienced a loss from continuing operations of $0.6 million, or $0.02 per diluted share, but adjusted diluted earnings per share from continuing operations were $0.78. The results included net pretax adjustments of $42.5 million, primarily due to a pension settlement and Russian legal charges.
- Consolidated sales increased by 23.2% compared to the prior year quarter.
- Sales to commercial customers increased 34% over the prior year quarter, representing 71% of consolidated sales.
- Adjusted diluted earnings per share from continuing operations were $0.78, compared to $0.61 in the prior year quarter.
- Gross profit margin was consistent with the prior year quarter at 18.4%.
Headline financials
Revenue & EPS history
AAR Corp · Revenue · Quarterly
$550M
Revenue by segment
AAR Corp · $54.3M total across 1 segment · Q4 2020
- Expeditionary Services$54.3M—100.0%
Forward guidance
AAR expects favorable aftermarket trends to continue and anticipates further growth across its parts and services offerings, driven by a strong balance sheet and the ability to execute quickly.
Tailwinds
- Commercial businesses are capitalizing on favorable aftermarket trends.
- Progress has been made on the integration of Trax.
- The company has a strong balance sheet.
- AAR has the ability to execute quickly.
- AAR has a pipeline of commercial and government opportunities.
Headwinds
- The company disagrees with a Russian court judgment and believes it is unlikely the full judgment will be paid.
- Selling, general, and administrative expenses increased as a percentage of sales.
- Operating margins decreased compared to the prior year quarter.
- Sequentially, the adjusted operating margin decreased due to a shift in the mix of products and services sold.
- Cash flow used in operating activities from continuing operations was $18.5 million due to inventory investments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+0.5%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.9%
Avg return
30 days after
57%
39 / 68 earnings
Positive
+24.5%
Q3 2020
Best reaction
-16.4%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -3.1% | +2.5% | — | |
| Q2 2026 | +0.9% | +9.8% | +26.4% | |
| Q1 2026 | +4.3% | +12.2% | +10.4% | |
| Q4 2025 | +2.0% | +9.8% | +2.7% | |
| Q3 2025 | -16.4% | -15.7% | -22.7% | |
| Q2 2025 | +8.0% | +9.0% | +9.5% | |
| Q1 2025 | -4.7% | -6.6% | -11.2% | |
| Q4 2024 | -13.2% | -8.8% | -14.9% | |
| Q3 2024 | -6.6% | -6.8% | -0.4% | |
| Q2 2024 | -10.4% | -10.1% | -17.1% | |
| Q1 2024 | -1.1% | -2.9% | -5.4% | |
| Q4 2023 | +0.6% | +2.7% | +0.6% | |
| Q3 2023 | +6.6% | +5.4% | +5.1% | |
| Q2 2023 | -3.3% | -3.8% | +7.7% | |
| Q1 2023 | -9.3% | -10.1% | +9.7% | |
| Q4 2022 | -8.2% | -6.1% | +3.4% | |
| Q3 2022 | +9.1% | +10.3% | +7.2% | |
| Q2 2022 | +7.5% | +8.7% | +15.4% | |
| Q1 2022 | +1.7% | -0.3% | +8.1% | |
| Q4 2021 | +9.1% | +6.3% | -6.2% | |
| Q3 2021 | -2.1% | +3.1% | -4.2% | |
| Q2 2021 | +2.6% | +4.6% | +11.4% | |
| Q1 2021 | +11.8% | +9.3% | +17.7% | |
| Q4 2020 | +4.5% | -1.1% | +5.8% | |
| Q3 2020 | +24.5% | +36.2% | +25.4% | |
| Q2 2020 | +14.9% | +6.2% | +1.4% | |
| Q1 2020 | -5.9% | -6.2% | -7.4% | |
| Q4 2019 | +9.6% | +5.9% | +5.3% | |
| Q3 2019 | -5.6% | -7.3% | -6.3% | |
| Q2 2019 | -1.6% | -9.0% | -6.0% | |
| Q1 2019 | +8.1% | +6.4% | +1.0% | |
| Q4 2018 | -10.5% | -5.1% | -3.1% | |
| Q3 2018 | +2.1% | -2.1% | +6.1% | |
| Q2 2018 | -6.6% | -6.7% | -2.9% | |
| Q1 2018 | +6.4% | +1.1% | +5.3% | |
| Q4 2017 | +5.6% | +6.7% | +0.1% | |
| Q3 2017 | +0.5% | -0.3% | +1.1% | |
| Q2 2017 | -9.0% | -9.1% | -14.8% | |
| Q1 2017 | +5.8% | +4.7% | +12.5% | |
| Q4 2016 | -5.3% | -2.8% | -1.3% | |
| Q3 2016 | +3.7% | — | — | |
| Q2 2016 | +5.2% | — | — | |
| Q1 2016 | -11.6% | — | — | |
| Q4 2015 | +3.6% | — | — | |
| Q3 2015 | -6.8% | — | — | |
| Q2 2015 | -3.3% | — | — | |
| Q1 2015 | -11.5% | — | — | |
| Q4 2014 | +7.4% | — | — | |
| Q3 2014 | -7.4% | — | — | |
| Q2 2014 | -4.4% | — | — | |
| Q1 2014 | -8.2% | — | — | |
| Q4 2013 | -0.9% | — | — | |
| Q3 2013 | +8.1% | — | — | |
| Q2 2013 | +18.0% | — | — | |
| Q1 2013 | -5.6% | — | — | |
| Q4 2012 | +9.7% | — | — | |
| Q3 2012 | -1.5% | — | — | |
| Q2 2012 | +1.1% | — | — | |
| Q1 2012 | -2.6% | — | — | |
| Q4 2009 | +2.2% | — | — | |
| Q4 2011 | +2.2% | — | — | |
| Q3 2011 | +0.3% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2010 | +0.4% | — | — | |
| Q2 2011 | +0.4% | — | — | |
| Q1 2010 | +4.3% | — | — | |
| Q4 2010 | +4.3% | — | — | |
| Q1 2011 | +4.3% | — | — |
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