NYSE$AIR

Aar Corp · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

AAR Corp reported record fourth quarter and fiscal year 2024 results, with sales increasing by 19% and adjusted EPS at $0.88.

AAR Corp reported record fourth quarter fiscal year 2024 consolidated sales of $656.5 million and income from continuing operations of $9.1 million, or $0.26 per diluted share. The adjusted diluted earnings per share from continuing operations in the fourth quarter of fiscal year 2024 were $0.88. Consolidated fourth quarter sales increased 19% over the prior year quarter.

  • Delivered another record quarter driven by record performance in new parts distribution activities and the Triumph Product Support acquisition.
  • Commercial sales increased 20% due to the acquisition of the Product Support business and strong demand for new parts distribution activities.
  • Government sales increased 15% primarily due to increased order volume for new parts distribution activities and improved performance across government program activities.
  • Adjusted operating margin increased from 7.8% in the prior year quarter to 9.3% in the current year quarter.

Headline financials

Total Revenue

$657M

Previous: $553M+18.7%
EPS (adj)

$0.88

Previous: $0.83+6.0%
Capital Expenditures

-$7.5M

Previous: $7M-207.1%
Free Cash Flow

$17.8M

Previous: $38.2M-53.4%
Net Income

$9.1M

Previous: $23.2M-60.8%
Operating Income

$32.8M

Previous: $36.5M-10.1%
Gross Profit

$127M

Previous: $108M+18.0%
Stock-Based Comp

$3.8M

Previous: $3.1M+22.6%

Revenue & EPS history

AAR Corp · Revenue · Quarterly

$657M

Q4 2024+18.7%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

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

  • Expeditionary Services
    $54.3M

Forward guidance

We believe demand will remain robust as the life and high utilization of current generation aircraft continue to extend, which we expect will lead to another year of sales and earnings growth as we leverage our stronger market position.

Tailwinds

  • Continued demand in the commercial aviation market
  • The life and utilization of current generation aircraft continue to extend
  • Anticipated activities and benefits under extended, expanded and new services, supply and distribution agreements
  • Opportunities for capital deployment and margin improvement
  • Contributions from recent acquisitions

Headwinds

  • Factors that adversely affect the commercial aviation industry
  • Adverse events and negative publicity in the aviation industry
  • A reduction in sales to the U.S. government and its 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 Q4 2024

Historical avgQ4 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

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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