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Last $23.47 USD
Change Today -0.23 / -0.97%
Volume 202.7K
AIR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

aar corp (AIR) Key Developments

AAR Announces Executive Changes

AAR announced that Timothy J. Romenesko has been appointed Vice Chairman. Romenesko will also continue in his role as Chief Operating Officer of the Expeditionary Services segment at AAR, which is comprised of Airlift and Mobility Systems, and as strategic advisor to the chairman and CEO. This change is part of AAR's strategic positioning initiative following the successful sale of the company's cargo businesses, in which Romenesko played a critical role. As part of this transition, David P. Storch, AAR's Chairman and CEO, will assume the title and responsibilities of President.

AAR Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended May 31, 2015

AAR Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended May 31, 2015. For the quarter, sales were $415.8 million against $420.6 million a year ago. Operating loss was $73.2 million against operating income of $28.0 million a year ago. Loss from continuing operations before income tax expense was $125.2 million against income from continuing operations before income tax expense of $22.2 million a year ago. Net income attributable to the company was $15.1 million or $0.36 per diluted share against $17.1 million or $0.43 per basic and diluted share a year ago. Loss from continuing operations attributable to the company was $82.1 million or $2.12 per diluted share against income from continuing operations attributable to the company of $14.9 million or $0.37 per diluted share a year ago. During the fourth quarter, the company used $52 million in cash flow from operations. This was negatively impacted by the Telair Cargo Group sale tax requirements and was also reduced by some of the cash generation at its Expeditionary Services segment. The company had capital expenditures of $22.6 million. For the year, sales were $1,594.3 million against $1,709.1 million a year ago. Operating loss was $11.9 million against operating loss of $125.6 million a year ago. Loss from continuing operations before income tax expense was $83.0 million against income from continuing operations before income tax expense of $98.8 million a year ago. Net income attributable to the company was $10.2 million or $0.24 per diluted share against $72.9 million or $1.83 per basic and diluted share a year ago. Loss from continuing operations attributable to the company was $54.5 million or $1.40 per diluted share against income from continuing operations attributable to the company of $67.2 million or $1.68 per diluted share a year ago. Book value per share was $23.87 against $25.27 a year ago. For the year, the company used $43 million of cash from operations, and its total capital expenditures were $46.3 million.

AAR Corp. Declares Cash Dividend, Payable on or Before August 12, 2015

AAR Corp. announced that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders.  The dividend will be payable on or before August 12, 2015, to stockholders of record as of the close of business on July 28, 2015.

AAR Corp. to Report Q4, 2015 Results on Jul 14, 2015

AAR Corp. announced that they will report Q4, 2015 results at 9:00 AM, Eastern Standard Time on Jul 14, 2015

AAR Corp., Q4 2015 Earnings Call, Jul 14, 2015

AAR Corp., Q4 2015 Earnings Call, Jul 14, 2015

 

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Industry Analysis

AIR

Industry Average

Valuation AIR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 1.0x
Price/Cash Flow 82.5x
TEV/Sales 0.4x
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