AAR CORP
For the period ended May 31, 2025. Filed Jul 22, 2025.
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FY2025 · Filed Jul 22, 2025
AIR$115.61-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · For the Year Ended May 31, | |||||||||
| · 2025 · 2024 · 2023 | |||||||||
| · · (In millions, except per share data) | |||||||||
| Sales: | | | | | | | | | |
| Sales from products | | $1,712.3 | | $1,387.1 | | $1,238.7 | |||
| Sales from services | | 1,068.2 | | 931.8 | | 751.8 | |||
| | | 2,780.5 | | 2,318.9 | | 1,990.5 | |||
| Costs and operating expenses: | | | | | | | | | |
| Cost of products | | 1,388.9 | | 1,096.7 | | 985.2 | |||
| Cost of services | | 863.9 | | 779.9 | | 635.2 | |||
| | | | 2,252.8 | | | 1,876.6 | | | 1,620.4 |
| Gross profit | | | 527.7 | | | 442.3 | | | 370.1 |
| Provision for credit losses | | | 0.2 | | | 0.7 | | | 2.6 |
| Selling, general and administrative | | 347.7 | | 312.2 | | 230.4 | |||
| Earnings (Loss) from joint ventures | | | 5.4 | | | (0.2) | | | (3.2) |
| Operating income | | 185.2 | | 129.2 | | 133.9 | |||
| Pension settlement charge | | | — | | | (26.7) | | | — |
| Losses related to sale and exit of businesses | | | (72.4) | | | (2.8) | | | (0.7) |
| Other expense, net | | | (0.3) | | | (0.4) | | | (0.8) |
| Interest expense | | (75.4) | | (43.2) | | (12.2) | |||
| Interest income | | 1.8 | | 2.2 | | 1.0 | |||
| Income from continuing operations before provision for income taxes | | | 38.9 | | | 58.3 | | | 121.2 |
| Income tax expense | | | 26.4 | | | 12.0 | | | 31.4 |
| Income from continuing operations | | | 12.5 | | | 46.3 | | | 89.8 |
| Income from discontinued operations, net of tax | | | — | | | — | | | 0.4 |
| Net income | | $12.5 | | $46.3 | | $90.2 | |||
| | | | | | | | | | |
| Earnings per share – basic: | | | | | | | | | |
| Earnings from continuing operations | | $0.35 | | $1.30 | | $2.55 | |||
| Income from discontinued operations | | | — | | | — | | | 0.01 |
| Earnings per share – basic | | $0.35 | | $1.30 | | $2.56 | |||
| | | | | | | | | | |
| Earnings per share – diluted: | | | | | | | | | |
| Earnings from continuing operations | | $0.35 | | $1.29 | | $2.52 | |||
| Income from discontinued operations | | | — | | | — | | | 0.01 |
| Earnings per share – diluted | | $0.35 | | $1.29 | | $2.53 | |||
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