AAR CORP
For the period ended Nov 30, 2024. Filed Jan 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2024 · Filed Jan 8, 2025
AIR$115.61-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · Six Months Ended | ||||||||||||
| · November 30, · · November 30, | ||||||||||||
| · · 2024 · 2023 · 2024 · 2023 | ||||||||||||
| Sales: | | | | | | | | | | | | |
| Sales from products | | $401.9 | | $320.2 | | $778.5 | | $657.7 | ||||
| Sales from services | | 284.2 | | 225.2 | | 569.3 | | 437.4 | ||||
| | | 686.1 | | 545.4 | | 1,347.8 | | 1,095.1 | ||||
| Cost and operating expenses: | | | | | | | | | | | | |
| Cost of products | | 334.7 | | 257.5 | | 655.5 | | 531.3 | ||||
| Cost of services | | 222.8 | | 184.5 | | 446.5 | | 359.1 | ||||
| | | | 557.5 | | | 442.0 | | | 1,102.0 | | | 890.4 |
| Gross profit | | | 128.6 | | | 103.4 | | | 245.8 | | | 204.7 |
| Provision for (Recovery of) credit losses | | | (0.3) | | | — | | | (0.1) | | | 0.4 |
| Selling, general and administrative | | 133.1 | | 65.7 | | 209.0 | | 140.4 | ||||
| Earnings (Loss) from joint ventures | | 1.9 | | 0.6 | | 4.2 | | (0.3) | ||||
| Operating income (loss) | | | (2.3) | | | 38.3 | | | 41.1 | | | 63.6 |
| Pension settlement charge | | — | | — | | — | | (26.7) | ||||
| Losses related to sale and exit of business | | | (1.2) | | | (0.9) | | | (1.3) | | | (1.6) |
| Other expense, net | | | (0.2) | | | (0.1) | | | (0.3) | | | (0.1) |
| Interest expense | | (19.3) | | (6.2) | | (38.1) | | (12.0) | ||||
| Interest income | | 0.5 | | 0.6 | | 1.0 | | 1.0 | ||||
| Income (Loss) from continuing operations before income taxes | | | (22.5) | | | 31.7 | | | 2.4 | | | 24.2 |
| Income tax expense | | | 8.1 | | | 7.9 | | | 15.0 | | | 1.0 |
| Net income (loss) | | $(30.6) | | $23.8 | | $(12.6) | | $23.2 | ||||
| | | | | | | | | | | | | |
| Earnings (Loss) per share – basic | | $(0.87) | | $0.67 | | $(0.36) | | $0.66 | ||||
| | | | | | | | | | | | | |
| Earnings (Loss) per share – diluted | | $(0.87) | | $0.67 | | $(0.36) | | $0.65 | ||||
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