AAR CORP
For the period ended Feb 28, 2026. Filed Mar 25, 2026.
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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 28, 2026 · Filed Mar 25, 2026
AIR$115.61-0.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · Nine Months Ended | ||||||||||||
| · · February 28, · · February 28, | ||||||||||||
| · · 2026 · · 2025 · · 2026 · · 2025 | ||||||||||||
| Sales: | | | | | | | | | | | | |
| Sales from products | | $539.5 | | $416.6 | | $1,536.6 | | $1,235.5 | ||||
| Sales from services | | 305.6 | | 261.6 | | 843.4 | | 790.5 | ||||
| | | 845.1 | | 678.2 | | 2,380.0 | | 2,026.0 | ||||
| Cost of sales: | | | | | | | | | | | | |
| Cost of products | | 440.2 | | 332.1 | | 1,254.1 | | 1,008.4 | ||||
| Cost of services | | 250.2 | | 214.4 | | 680.6 | | 640.1 | ||||
| | | | 690.4 | | | 546.5 | | | 1,934.7 | | | 1,648.5 |
| Gross profit | | | 154.7 | | | 131.7 | | | 445.3 | | | 377.5 |
| Provision for (Recovery of) credit losses | | | 0.5 | | | (0.2) | | | 2.2 | | | (0.3) |
| Selling, general and administrative | | 89.8 | | 61.3 | | 249.7 | | 270.3 | ||||
| Earnings from joint ventures | | 1.4 | | 0.5 | | 4.3 | | | 4.7 | |||
| Operating income | | | 65.8 | | | 71.1 | | | 197.7 | | | 112.2 |
| Bargain purchase gain | | | 35.7 | | | — | | | 35.7 | | | — |
| Gain on sale of headquarters building | | | 9.8 | | | — | | | 9.8 | | | — |
| Gain (Loss) related to sale and exit of business | | | (0.4) | | | (64.0) | | | 0.2 | | | (65.3) |
| Other expense, net | | | (0.7) | | | (0.1) | | | (1.0) | | | (0.4) |
| Interest expense | | (17.5) | | (18.5) | | (55.4) | | (56.6) | ||||
| Interest income | | 0.4 | | 0.4 | | 1.2 | | 1.4 | ||||
| Income (Loss) before income taxes | | | 93.1 | | | (11.1) | | | 188.2 | | | (8.7) |
| Income tax expense (benefit) | | | 25.1 | | | (2.2) | | | 51.2 | | | 12.8 |
| Net income (loss) | | $68.0 | | $(8.9) | | $137.0 | | $(21.5) | ||||
| | | | | | | | | | | | | |
| Earnings (Loss) per share – basic | | $1.72 | | $(0.25) | | $3.61 | | $(0.61) | ||||
| Earnings (Loss) per share – diluted | | $1.71 | | $(0.25) | | $3.59 | | $(0.61) | ||||
| | | | | | | | | | | | | |
| Share data used for earnings per share: | | | | | | | | | | | | |
| Weighted average shares outstanding – basic | | | 39.3 | | | 35.4 | | | 37.8 | | | 35.4 |
| Weighted average shares outstanding – diluted | | 39.5 | | 35.4 | | 38.0 | | 35.4 | ||||
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