AAR Corp. Common Stock (AIR)

RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website.

RYE, N.Y., Aug. 28, 2024 (GLOBE NEWSWIRE) --  Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website.

Thursday, September 5, 2024

RYE, N.Y., July 30, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website.

Given how strong equities are trading, with the S&P 500 continuing to rally hard this week, stocks with low RSIs should be of particular interest right now

WOOD DALE, Ill., Dec. 21, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported second quarter fiscal year 2024 consolidated sales of $545.4 million and income from continuing operations of $23.8 million, or $0.67 per diluted share. For the second quarter of the prior year, the Company reported sales of $469.8 million and income from continuing operations of $22.5 million, or $0.64 per diluted share. Our adjusted diluted earnings per share from continuing operations in the second quarter of fiscal year 2024 were $0.81, compared to $0.69 in the second quarter of the prior year.

Wood Dale, Illinois, Dec. 11, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has added distribution support of select Woodward, Inc. (Woodward) parts under its Supplier Capability Contract with DLA Aviation.

Wood Dale, Illinois, Dec. 07, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it will release financial results for its second quarter of fiscal year 2024, ended November 30, 2023, after the close of the New York Stock Exchange trading session on Thursday, December 21, 2023.

The agreement is expected to bolster AAR’s workforce development efforts, benefiting both companies, the industry, and the Oklahoma labor market.

Berkshire, England, Nov. 16, 2023 (GLOBE NEWSWIRE) -- AAR (NYSEAIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, signed a new multi-year services agreement with Turkish-based low-cost carrier Pegasus.

Wood Dale, Illinois, Nov. 15, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has earned the 2024 Military Friendly® Gold Employer and Military Friendly® Spouse Employer designations.

Wood Dale, Illinois, Nov. 08, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, launched its 2023 ESG Summary Report, demonstrating the Company’s continued efforts to focus on the environment, drive social responsibility, and govern with integrity.AAR began publishing ESG reports in 2021 to share insight into its current initiatives and their alignment with the Company’s values, along with opportunities identified for future improvement.New to the 2023 report is an ESG commitments statement and overview of ESG governance enhancements. This year, the Company also shared on the ESG page of its website its most recent EEO-1 report that provides demographics of the U.S-based segment of AAR’s workforce and continued to disclose data under GRI, SASB, and TCFD frameworks.“Our 2023 ESG Summary Report demonstrates AAR’s commitment to positively shaping our impact on the environment, communities, and the industry,” said John M. Holmes, AAR’s Chairman, President and CEO. “I’m proud of our efforts to build on successes and create an even brighter future – together.”

Wood Dale, Illinois, Oct. 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year contract extension with MTU Maintenance, the global market leader in customized solutions for aero engines, to supply parts for Pratt & Whitney PW2000 engines.

Wood Dale, Illinois, Oct. 12, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that Billy Nolen has been elected to AAR’s Board of Directors, effective immediately.

WOOD DALE, Ill., Sept. 26, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported first quarter fiscal year 2024 consolidated sales of $549.7 million and loss from continuing operations of $0.6 million, or $0.02 per diluted share. For the first quarter of the prior year, the Company reported sales of $446.3 million and income from continuing operations of $22.3 million, or $0.62 per diluted share.

Wood Dale, Illinois, Sept. 20, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an exclusive multi-year foreign military distribution agreement with Pall Corporation.

Wood Dale, Illinois, Sept. 12, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it will release financial results for its first quarter of fiscal year 2024, ended August 31, 2023, after the close of the New York Stock Exchange trading session on Tuesday, September 26, 2023.

RYE, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York, NY on September 7th.  The conference will draw 16 companies, with a focus on the themes of the strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry.  Attendees will also have the opportunity to meet with management in a one-on-one setting.

Wood Dale, Illinois, Aug. 29, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed two multi-year commercial agreements with Moog Inc. (NYSE: MOG.A and MOG.B). The agreements are the first steps in a new strategic relationship that allows for potential future expansion of the scope of services provided. Under the first agreement, AAR will distribute Moog products applicable to mature aircraft platforms to customers globally. This new OEM relationship complements AAR’s existing product offerings and customer base. Additionally, Moog will benefit from AAR’s value added services, which include a close-to-the-customer model that provides efficient delivery of inventory to the end customer, enabling Moog’s effort for further simplification. The second agreement will enable AAR and Moog to perform reciprocal component repair services. AAR’s component repair facilities will receive support from Moog on manufactured piece parts and repair capability while Moog will receive components from AAR.

Thursday, September 7, 2023

Wood Dale, Illinois, July 19, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has received approval from the Miami-Dade County Board of County Commissioners to proceed with the construction of a 114,000 square foot facility adjacent to the Company’s existing hangar at Miami International Airport, as announced earlier this week.

WOOD DALE, Ill., July 18, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported fourth quarter fiscal year 2023 consolidated sales of $553.3 million and income from continuing operations of $23.2 million, or $0.66 per diluted share. For the fourth quarter of the prior year, the Company reported sales of $476.1 million and income from continuing operations of $23.9 million, or $0.66 per diluted share. Our adjusted diluted earnings per share from continuing operations in the fourth quarter of fiscal year 2023 were $0.83, compared to $0.72 in the fourth quarter of the prior year.

This agreement is expected to bolster AAR’s workforce development efforts, benefiting both companies, the industry, and multiple labor markets.

Company looks to accelerate expansion of digital product offerings to new and existing customers

This award recognizes AAR’s commitment to empowering, promoting, developing, and supporting employees.