AAR CORP

For the period ended May 31, 2024. Filed Jul 19, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Jul 19, 2024

AIR$115.61-0.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income


· · For the Year Ended May 31,
· 2024 · 2023 · 2022
· · (In millions, except per share data)
Sales:
Sales from products	$1,368.3	$1,238.7	$1,078.3
Sales from services	950.6	751.8	741.7
	2,318.9	1,990.5	1,820.0
Costs and operating expenses:
Cost of products	1,087.8	985.2	869.4
Cost of services	788.8	635.2	637.4
	1,876.6	1,620.4	1,506.8
Gross profit	442.3	370.1	313.2
Provision for credit losses	0.7	2.6	1.2
Selling, general and administrative	312.2	230.4	202.2
Loss from joint ventures	(0.2)	(3.2)	(2.9)
Operating income	129.2	133.9	106.9
Pension settlement charge	(26.7)	—	—
Losses related to sale and exit of business	(2.8)	(0.7)	(1.7)
Other income (expense), net	(0.4)	(0.8)	2.2
Interest expense	(43.2)	(12.2)	(2.4)
Interest income	2.2	1.0	0.1
Income from continuing operations before provision for income taxes	58.3	121.2	105.1
Income tax expense	12.0	31.4	26.6
Income from continuing operations	46.3	89.8	78.5
Income from discontinued operations, net of tax	—	0.4	0.2
Net income	$46.3	$90.2	$78.7

Earnings per share – basic:
Earnings from continuing operations	$1.30	$2.55	$2.19
Income from discontinued operations	—	0.01	0.01
Earnings per share – basic	$1.30	$2.56	$2.20

Earnings per share – diluted:
Earnings from continuing operations	$1.29	$2.52	$2.16
Income from discontinued operations	—	0.01	0.01
Earnings per share – diluted	$1.29	$2.53	$2.17

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.