NYSE$AIR

Aar Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

AAR Corp reported record results during the third quarter of fiscal year 2020.

AAR Corp's third quarter Fiscal Year 2020 shows consolidated sales of $553.1 million and income from continuing operations of $2.6 million, or $0.07 per diluted share. The quarter included a $24.7 million pretax charge. Adjusted diluted earnings per share from continuing operations were $0.67, compared to $0.62 in the prior year. Consolidated sales increased 4% due to growth in the Aviation Services segment.

  • Consolidated sales increased 4% over the prior year period.
  • Aviation Services segment experienced sales growth of 7%.
  • Sales to government and defense customers represented 35% of consolidated sales.
  • The company withdrew its guidance for the balance of the year due to COVID-19 uncertainty.

Headline financials

Total Revenue

$9.8M

Previous: $530M-98.1%
EPS (adj)

$0.67

Previous: $0.79-15.2%
Capital Expenditures

-$18.3M

Previous: -$12.3M-48.8%
Free Cash Flow

-$16M

Previous: -$49.7M+67.8%
Net Income

$2.3M

Previous: -$37.4M+106.1%
Operating Income

-$6.5M

Previous: -$44.3M+85.3%
Gross Profit

$65.3M

Previous: $85.3M-23.4%
Cash & Equivalents

$37M

Previous: $28.9M+28.0%
Total Assets

$1.83B

Previous: $1.55B+18.3%
Stock-Based Comp

$3.2M

Previous: $3.6M-11.1%

Revenue & EPS history

AAR Corp · Revenue · Quarterly

$9.8M

Q3 2020-98.1%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

AAR Corp · $54.3M total across 1 segment · Q4 2020

  • Expeditionary Services
    $54.3M

Forward guidance

Given the current macro uncertainty from the impact of COVID-19, the company withdrew its guidance for the balance of the year.

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 Q3 2020

Historical avgQ3 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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