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AAR Corp. (AIR) - $25 value - yours FREE >>
Spirit Aerosystems Holdings, Inc. (SPR) - $25 value - yours FREE >>
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AAR Corp (AIR) Q3 Earnings Meet Estimates, Revenues Up Y/Y
AAR Corp. (AIR - Free Report) reported third-quarter fiscal 2017 earnings of 38 cents per share which were in line with the Zacks Consensus Estimate. Earnings were up 31% from the year-ago figure of 29 cents.
Total Revenue
Net sales came in at $446.7 million in third-quarter fiscal 2017, beating the Zacks Consensus Estimate of $422 million by 5.8%. Revenues were also up 8.4% from $412.1 million in the year-ago quarter.
Segment Details
In the reported quarter, Aviation Services reported revenues of $382.8 million, up 9.6% year over year due to the continued strong performance for the company's industry leading supply chain management solutions.
Expeditionary Services garnered revenues of $63.9 million, up 1.6% from $62.9 million in the year-ago quarter.
Highlights of the Release
In the fiscal third quarter, AAR Corp.’s cost of sales increased 7.1% year over year to $377.7 million.
Selling, general and administrative expenses increased 10% to $47.4 million.
The company incurred interest expenses of $1.4 million, lower than $1.6 million in the year-ago quarter.
AAR Corp. Price, Consensus and EPS Surprise
AAR Corp. Price, Consensus and EPS Surprise | AAR Corp. Quote
Financial Condition
AAR Corp.’s cash and cash equivalents as of Feb 28, 2017 were $10.1 million, down from $31.2 million as of May 31, 2016.
Net property, plant and equipment were $211.9 million as of Feb 28, 2017, compared with $238.1 million as of May 31, 2016.
As of Feb 28, 2017, total debt increased to $172.8 million from $150.1 million as of May 31, 2016.
Dividend History
During the fiscal third quarter, the company has paid dividends of $2.5 million or 7.5 cents per share.
Zacks Rank
AAR Corp. currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Peer Releases
Rockwell Collins, Inc. is expected to report second-quarter fiscal 2017 results on Apr 20.
Raytheon Company is expected to report first-quarter 2017 results on Apr 27.
Spirit AeroSystems Holdings, Inc. (SPR - Free Report) is expected to report first-quarter 2017 results on May 5.
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