AAR CORP
For the period ended Feb 29, 2024. Filed Mar 21, 2024.
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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.
Feb 29, 2024 · Filed Mar 21, 2024
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
Condensed Consolidated Statements of Income
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · Nine Months Ended | ||||||||||||
| · · February 29/28, · · February 29/28, | ||||||||||||
| | 2024 | 2023 | 2024 | 2023 | ||||||||
| Sales: | | | | | | | | | | | | |
| Sales from products | | $329.9 | | $327.6 | | $987.6 | | $891.4 | ||||
| Sales from services | | 237.4 | | 193.5 | | | 674.8 | | | 545.8 | ||
| | | 567.3 | | 521.1 | | | 1,662.4 | | | 1,437.2 | ||
| Cost and operating expenses: | | | | | | | | | | | | |
| Cost of products | | 257.5 | | 260.5 | | | 788.8 | | | 709.3 | ||
| Cost of services | | 199.5 | | 166.3 | | | 558.6 | | | 465.9 | ||
| | | | 457.0 | | | 426.8 | | | 1,347.4 | | | 1,175.2 |
| Gross profit | | | 110.3 | | | 94.3 | | | 315.0 | | | 262.0 |
| Provision for credit losses | | | 0.1 | | | 1.9 | | | 0.5 | | | 1.8 |
| Selling, general and administrative | | 77.0 | | 56.7 | | | 217.4 | | | 159.6 | ||
| Loss from joint ventures | | (0.2) | | (1.7) | | | (0.5) | | | (3.0) | ||
| Operating income | | | 33.0 | | | 34.0 | | | 96.6 | | | 97.6 |
| Pension settlement charge | | — | | — | | | (26.7) | | | — | ||
| Losses related to sale and exit of business | | | (1.0) | | | (0.4) | | | (2.6) | | | (0.5) |
| Other income (expense), net | | | (0.2) | | | (0.3) | | | (0.3) | | | 0.4 |
| Interest expense | | (11.9) | | (3.8) | | | (23.9) | | | (7.0) | ||
| Interest income | | 0.6 | | 0.3 | | | 1.6 | | | 0.5 | ||
| Income from continuing operations before income taxes | | | 20.5 | | | 29.8 | | | 44.7 | | | 91.0 |
| Income tax expense | | | 6.5 | | | 8.0 | | | 7.5 | | | 24.4 |
| Income from continuing operations | | | 14.0 | | | 21.8 | | | 37.2 | | | 66.6 |
| Income from discontinued operations, net of tax | | | — | | | — | | | — | | | 0.4 |
| Net income | | $14.0 | | $21.8 | | $37.2 | | $67.0 | ||||
| | | | | | | | | | | | | |
| Earnings per share – basic: | | | | | | | | | | | | |
| Earnings from continuing operations | | $0.40 | | $0.63 | | $1.05 | | $1.90 | ||||
| Earnings from discontinued operations | | | — | | | — | | | — | | | 0.01 |
| Earnings per share – basic | | $0.40 | | $0.63 | | $1.05 | | $1.91 | ||||
| | | | | | | | | | | | | |
| Earnings per share – diluted: | | | | | | | | | | | | |
| Earnings from continuing operations | | $0.39 | | $0.62 | | $1.04 | | $1.87 | ||||
| Earnings from discontinued operations | | | — | | | — | | | — | | | 0.01 |
| Earnings per share – diluted | | $0.39 | | $0.62 | | $1.04 | | $1.88 | ||||
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