AAR Q1 FY2027 GAAP diluted EPS rises to $1.00; sales increase 24% to $918 million
AIR•AAR reported Q1 FY2027 net income of $40.1 million, up 17% year over year, and sales of $918 million, up 24%. It forecast Q2 sales growth of 14%-16% and full-year growth in the “low teens,” excluding LCP.
1. Quarterly results and outlook
AAR reported diluted EPS of $1.00 and $55.8 million in cash flow from operating activities; net debt was $780.5 million. The company entered a definitive agreement to acquire a 65% controlling interest in MRO Holdings. For Q2 FY2027, it sees sales growth of 14%-16%, excluding LCP, and guided to full-year sales growth in the “low teens,” excluding LCP.
