AAR Corp. (AIR - Free Report) reported first-quarter fiscal 2018 earnings of 31 cents per share, in line with the Zacks Consensus Estimate. The bottom line also inched up 0.2% from the year-ago figure of 29 cents.
Total Revenue
Net sales came in at $439.2 million in the fiscal first quarter, beating the Zacks Consensus Estimate of $412 million by 6.6%. Also, revenues increased 8.5% from $404.8 million in the year-ago quarter.
Segment Details
In the reported quarter, Aviation Services reported revenues of $371.3 million, up 11% year over year.
Expeditionary Services garnered revenues of $67.9 million, down 3.3% from $70.2 million in the year-ago quarter.
Highlights of the Release
In the fiscal first quarter, AAR Corp.’s cost of sales increased 9.1% year over year to $374.7 million.
Selling, general and administrative expenses increased 7.1% to $48 million.
The company incurred interest expenses of $1.7 million, higher than $1.3 million in the year-ago quarter.
Financial Condition
As of Aug 31, AAR Corp.’s cash and cash equivalents were $15.1 million, up from $10.3 million as of May 31, 2017.
As of May 31, net property, plant and equipment were $198.1 million compared with $201.9 million as of May 31, 2017.
As of Aug 31, total debt increased to $192.9 million from $159.3 million as of May 31, 2017.
Dividend History
During the reported quarter, the company paid dividends of $2.6 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 fourth-quarter fiscal 2017 results on Oct 23.
Raytheon Company is anticipated to report third-quarter 2017 results on Oct 26.
Spirit AeroSystems Holdings, Inc. (SPR - Free Report) is expected to report third-quarter 2017 results on Nov 7.
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AAR Corp. (AIR - Free Report) reported first-quarter fiscal 2018 earnings of 31 cents per share, in line with the Zacks Consensus Estimate. The bottom line also inched up 0.2% from the year-ago figure of 29 cents.
Total Revenue
Net sales came in at $439.2 million in the fiscal first quarter, beating the Zacks Consensus Estimate of $412 million by 6.6%. Also, revenues increased 8.5% from $404.8 million in the year-ago quarter.
Segment Details
In the reported quarter, Aviation Services reported revenues of $371.3 million, up 11% year over year.
Expeditionary Services garnered revenues of $67.9 million, down 3.3% from $70.2 million in the year-ago quarter.
Highlights of the Release
In the fiscal first quarter, AAR Corp.’s cost of sales increased 9.1% year over year to $374.7 million.
Selling, general and administrative expenses increased 7.1% to $48 million.
The company incurred interest expenses of $1.7 million, higher than $1.3 million in the year-ago quarter.
Financial Condition
As of Aug 31, AAR Corp.’s cash and cash equivalents were $15.1 million, up from $10.3 million as of May 31, 2017.
As of May 31, net property, plant and equipment were $198.1 million compared with $201.9 million as of May 31, 2017.
As of Aug 31, total debt increased to $192.9 million from $159.3 million as of May 31, 2017.
Dividend History
During the reported quarter, the company paid dividends of $2.6 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 fourth-quarter fiscal 2017 results on Oct 23.
Raytheon Company is anticipated to report third-quarter 2017 results on Oct 26.
Spirit AeroSystems Holdings, Inc. (SPR - Free Report) is expected to report third-quarter 2017 results on Nov 7.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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