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Last $30.14 USD
Change Today -0.72 / -2.33%
Volume 314.7K
AIR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

aar corp (AIR) Key Developments

AAR Receives New Contract from Bell Helicopter Textron Inc. to Provide Logistics Support for T64 Engines

AAR announced that Bell Helicopter Textron Inc. awarded its Defense Systems & Logistics (DS&L) business unit a contract providing warehouse and logistics services in support of upgrading T64 engines for the Bell V-280 Valor technical demonstrator aircraft. The two-year agreement is the first between the global aerospace and defense contractor AAR and Bell Helicopter, producer of commercial and military aircraft. AAR will support this effort from its logistics operation located in Havelock, N.C. The Bell V-280 Valor is a third-generation tiltrotor aircraft participating in the U.S. Army s Future Vertical Lift (FVL) program. The V-280 Valor design was selected by the U.S. Army for the Joint Multi-Role Technology Demonstrator (JMR-TD) phase to serve as a precursor to FVL, a program which will create the next generation of vertical lift aircraft for the U.S. military. Bell Helicopter anticipates using a version of the Future Affordable Turbine Engine (FATE) in the production version of the V-280 Valor.

AAR Corp. Declares Quarterly Cash Dividend, Payable on or Before May 13, 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 May 13, 2015, to stockholders of record as of the close of business on April 29, 2015. Future cash dividends will be subject to the approval of the board of directors.

AAR Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015; Reports Impairment Charges for the Third Quarter of Fiscal 2015

AAR Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, the company reported sales of $380.1 million against $399.8 million a year ago. Operating income was $9.0 million against $29.1 million a year ago. Income from continuing operations before income tax expense was $2.6 million against $22.3 million a year ago. Net loss attributable to the company was $34.5 million against net income attributable to the company of $17.9 million a year ago. Diluted loss per share were $0.89 against $0.45 earnings per share a year ago. The company used $22.0 million in cash flow from operations as it continues to invest in assets to support the growth of its Aviation Services segment. Further, the company had capital expenditures of $6.6 million, $5.4 million of which is for continuing operations. Income from continuing operations attributable to company was $1.9 million compared to $16.9 million a year ago. For the nine months, the company reported sales of $1,178.5 million against $1,288.5 million a year ago. Operating income was $61.2 million against $97.6 million a year ago. Income from continuing operations before income tax expense was $42 million against $76.6 million a year ago. Net loss attributable to the company was $4.9 million against net income attributable to the company of $55.8 million a year ago. Diluted loss per share were $0.15 against $1.40 earnings per share a year ago. As on date, book value per share was $23.66 against $25.27 per share as on May 31, 2014. Income from continuing operations attributable to company was $27.6 million compared to $52.3 million a year ago. The company reported third quarter results included a $46.4 million pre-tax impairment charge for the write down of the Precision Systems Manufacturing business to the expected sales value, a $4.7 million pre-tax impairment charge to reduce the carrying value of aircraft for sale by the company's airlift business, and $2.5 million of severance due to downsizing and costs related to a large government proposal.

AAR Corp. to Report Q3, 2015 Results on Mar 30, 2015

AAR Corp. announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Mar 30, 2015

AAR Corp., Q3 2015 Earnings Call, Mar 30, 2015

AAR Corp., Q3 2015 Earnings Call, Mar 30, 2015

 

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AIR

Industry Average

Valuation AIR Industry Range
Price/Earnings 25.0x
Price/Sales 0.6x
Price/Book 1.2x
Price/Cash Flow 98.4x
TEV/Sales 0.2x
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