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AAR Corp (AIR.N)

AIR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

AAR Corp Expects Impairment Charge Of About $20 Mln In Q1 Of Fiscal 2021
Monday, 29 Jun 2020 

June 29 (Reuters) - AAR Corp ::AAR CORP SAYS IN CONNECTION WITH DIVEST AGREEMENT, EXPECTS IMPAIRMENT CHARGE OF ABOUT $20 MILLION IN Q1 OF FISCAL 2021 - SEC FILING.  Full Article

AAR Agrees To Divest Non-Core Composites Manufacturing Business
Monday, 29 Jun 2020 

June 29 (Reuters) - AAR Corp ::PRESS RELEASE - AAR AGREES TO DIVEST NON-CORE COMPOSITES MANUFACTURING BUSINESS.AAR CORP - FURLOUGHING APPROXIMATELY 1,000 FULL-TIME EMPLOYEES.AAR CORP - CLOSING DULUTH, MINNESOTA MAINTENANCE, REPAIR AND OVERHAUL FACILITY AND TRANSFERRING EQUIPMENT TO OTHER AAR OPERATIONS.AAR CORP - BUYER OF CO'S AEROSPACE COMPOSITE MANUFACTURING BUSINESS IS AN AFFILIATE OF ARCHITECT EQUITY.AAR CORP - TERMS OF TRANSACTION WERE NOT DISCLOSED.AAR CORP - IMPLEMENTING EXECUTIVE AND OTHER EMPLOYEE PAY REDUCTIONS.AAR CORP - EXITING UNDERPERFORMING CONTRACTS AND PRODUCT LINES.  Full Article

Aar Corp - Aar And Sumitomo Corporation Announce Joint Venture
Wednesday, 1 Apr 2020 

Sumitomo Corp <8053.T>::AAR CORP - AAR AND SUMITOMO CORPORATION ANNOUNCE JOINT VENTURE.AAR CORP - JV AAR SUMISHO AVIATION SERVICES WILL DISTRIBUTE AIRCRAFT PARTS, OFFER AVIATION LOGISTICS MANAGEMENT SOLUTIONS TO JAPANESE DEFENSE MARKET.AAR CORP - PARTNERSHIP WILL DISTRIBUTE PARTS FROM OEMS BASED IN JAPAN TO GLOBAL AVIATION AFTERMARKET.  Full Article

Aar Corp - Withdraw Guidance For Balance Of Year
Wednesday, 25 Mar 2020 

AAR Corp ::AAR REPORTS RECORD THIRD QUARTER FISCAL YEAR 2020 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.67 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE $0.07 FROM CONTINUING OPERATIONS.Q3 SALES $553.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $550.3 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.64 -- REFINITIV IBES DATA.ATTENTION IS FOCUSED ON IMPACT TO AIRLINE CUSTOMERS FROM COVID-19.IN DISCUSSIONS WITH AIRLINE CUSTOMERS & WILL ACTIVELY MANAGE OUR COSTS TO ALIGN WITH CURRENT REALITY.IN Q4, WILL BE TAKING ACTIONS TO REDUCE FIXED COSTS AND OVERHEAD.CONSOLIDATING FACILITIES WITH GOAL TO IMPROVE OUR OPERATING EFFICIENCIES.IN RESPONSE TO IMPACT OF COVID-19, HAVE TAKEN ACTIONS INCLUDING REDUCING EXECUTIVE COMPENSATION, FREEZING NEW HIRING.REDUCING OR ELIMINATING ALL NON-ESSENTIAL SPEND, FURLOUGHS.EXPECT COST OF Q4 ACTIONS TO BE APPROXIMATELY $15 TO $20 MILLION.WITHDRAW GUIDANCE FOR BALANCE OF YEAR.  Full Article

AAR Entered Into Loi With Air Canada Regarding A 10 Year, Renewable Agreement For Airframe Maintenance
Monday, 24 Feb 2020 

Feb 24 (Reuters) - AAR::AAR - ENTERED INTO LOI WITH AIR CANADA REGARDING A 10 YEAR, RENEWABLE AGREEMENT FOR AIRFRAME MAINTENANCE.  Full Article

AAR Signs MOU With Korean Aerospace Engineering & Maintenance Services For F-16 Component Maintenance Consulting
Wednesday, 12 Feb 2020 

Feb 12 (Reuters) - AAR Corp ::AAR SIGNS MEMORANDUM OF UNDERSTANDING WITH KOREAN AEROSPACE ENGINEERING & MAINTENANCE SERVICES FOR F-16 COMPONENT MAINTENANCE CONSULTING.AAR CORP - TWO COMPANIES WILL COLLABORATE TO DEFINE REQUIRED CAPABILITIES AND INFRASTRUCTURE FOR A NEW KAEMS FACILITY IN SOUTH KOREA.  Full Article

AAR Reports Q2 Earnings Per Share Of $0.57 From Continuing Operations
Friday, 20 Dec 2019 

Dec 19 (Reuters) - AAR Corp ::AAR REPORTS SECOND QUARTER FISCAL YEAR 2020 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.64 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $0.57 FROM CONTINUING OPERATIONS.Q2 SALES $560.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF $525.2 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.60 -- REFINITIV IBES DATA.SEES FY 2020 SALES IN RANGE OF $2.150 TO $2.225 BILLION.SEES FY 2020 ADJUSTED. DILUTED EPS FROM CONTINUING OPERATIONS OF $2.50 TO $2.65.AAR - CONTINUE TO EXPECT SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO BE APPROXIMATELY 10.5% OF SALES FOR FY 2020.FY2020 REVENUE VIEW $2.21 BILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $2.61 -- REFINITIV IBES DATA.  Full Article

AAR Corp Says Co Entered An Amendment No. 9 To Its Credit Agreement Dated April 12, 2011
Saturday, 28 Sep 2019 

Sept 27 (Reuters) - AAR Corp ::AAR CORP - ON SEPTEMBER 25, CO ENTERED INTO AN AMENDMENT NO. 9 TO ITS CREDIT AGREEMENT DATED APRIL 12, 2011 - SEC FILING.AAR CORP - AMENDMENT INCREASES CREDIT COMMITMENT AMOUNT TO $600 MILLION.  Full Article

AAR Q4 Earnings Per Share $0.76 From Continuing Operations
Thursday, 11 Jul 2019 

July 10 (Reuters) - AAR Corp ::AAR REPORTS FOURTH QUARTER & FISCAL YEAR 2019 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.64 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $0.76 FROM CONTINUING OPERATIONS.Q4 SALES $562.7 MILLION VERSUS REFINITIV IBES ESTIMATE OF $529.5 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.62 -- REFINITIV IBES DATA.SEES FY 2020 ADJUSTED EARNINGS PER SHARE $2.45 TO $2.65 FROM CONTINUING OPERATIONS.SEES FY 2020 SALES $2.1 BILLION TO $2.2 BILLION.FY2020 EARNINGS PER SHARE VIEW $2.79, REVENUE VIEW $2.13 BILLION -- REFINITIV IBES DATA.  Full Article

AAR, Tawazun Economic Council & Global Aerospace Logistics Sign Joint Repair Management Deal At Paris Air Show
Thursday, 20 Jun 2019 

June 20 (Reuters) - AAR Corp ::AAR, TAWAZUN ECONOMIC COUNCIL AND GLOBAL AEROSPACE LOGISTICS SIGN JOINT REPAIR MANAGEMENT DEAL AT PARIS AIR SHOW.AAR - NEW CONTRACT WITH TAWAZUN ECONOMIC COUNCIL & GLOBAL AEROSPACE LOGISTICS TO PROVIDE COMPONENT REPAIR MANAGEMENT SERVICES FOR UAE MILITARY FLEETS.  Full Article

BRIEF-AAR Corp Expects Impairment Charge Of About $20 Mln In Q1 Of Fiscal 2021

* AAR CORP SAYS IN CONNECTION WITH DIVEST AGREEMENT, EXPECTS IMPAIRMENT CHARGE OF ABOUT $20 MILLION IN Q1 OF FISCAL 2021 - SEC FILING Source text: (https://bit.ly/31te5NF) Further company coverage: