NYSE$AIR
Aar Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported third quarter fiscal year 2022 results with increased consolidated sales and income from continuing operations.
AAR Corp reported a 10% increase in consolidated sales to $452.2 million and income from continuing operations of $22.6 million, or $0.63 per diluted share, for the third quarter of Fiscal Year 2022. Adjusted diluted earnings per share were $0.63 compared to $0.37 in the prior year. Consolidated sales to commercial customers increased 28%, while sales to government customers decreased 8%.
- Consolidated third quarter sales increased 10% over the prior year quarter.
- Consolidated sales to commercial customers increased 28% due to the recovery in the commercial market.
- Consolidated sales to government customers decreased 8% primarily related to program activity and delays in pallet orders.
- Adjusted operating margin increased from 5.0% to 6.7% due to improved operating efficiency and the recovery in commercial sales.
Headline financials
Revenue & EPS history
AAR Corp · Revenue · Quarterly
$452M
Revenue by segment
AAR Corp · $54.3M total across 1 segment · Q4 2020
- Expeditionary Services$54.3M—100.0%
Forward guidance
The company expects continued margin improvement as the industry recovers, driven by actions taken early in the pandemic. They anticipate a continued recovery in commercial sales and expect their improved operating performance and strong balance sheet to generate shareholder value.
Tailwinds
- Optimism about the recovering demand for business and leisure travel
- Expectation that this momentum will continue
- Continued actions to better position the company for margin improvement as the industry recovers
- Expectation of seeing a continued recovery in commercial sales
- Expectation that improved operating performance combined with the strength of the balance sheet will allow the company to continue to generate shareholder value
Headwinds
- Factors that adversely affect the commercial aviation industry
- The continued impact of the COVID-19 pandemic on air travel, worldwide commercial activity and our and our customers’ ability to source parts and components
- A reduction in the level of sales to the branches, agencies and departments of the U.S. government and their contractors
- Cost overruns and losses on fixed-price contracts
- Nonperformance by subcontractors or suppliers
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 2022
+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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