AAR Corp. (AIR - Free Report) reported third-quarter fiscal 2018 adjusted earnings of 49 cents per share, which surpassed the Zacks Consensus Estimate of 48 cents by 2.1%. The adjusted figure reflected a year-over-year improvement of 16.7%, when compared to 42 cents of third-quarter's fiscal 2017.
Excluding one-time items, the company reported earnings of 44 cents from continuing operations in the quarter, compared with 40 cents it generated in the prior-year quarter.
Total Revenues
Net sales came in at $456.3 million in the fiscal third quarter, which missed the Zacks Consensus Estimate of $479 million by 4.8%. However, revenues increased 12.% from $407.2 million in the year-ago quarter.
Segment Details
In the reported quarter, Aviation Services reported revenues of $426.4 million, up 11.4% year over year.
Expeditionary Services garnered revenues of $29.9 million, up 22.5% from $24.4 million in the year-ago quarter.
Highlights of the Release
In the fiscal third quarter, AAR Corp’s cost of sales increased 11.15% year over year to $378.7 million.
Selling, general and administrative expenses increased 23.9% to $53.4 million.
The company incurred interest expenses of $2.2 million, compared with $1.3 million in the year-ago quarter.
AAR Corp. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
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AAR Corp. (AIR - Free Report) reported third-quarter fiscal 2018 adjusted earnings of 49 cents per share, which surpassed the Zacks Consensus Estimate of 48 cents by 2.1%. The adjusted figure reflected a year-over-year improvement of 16.7%, when compared to 42 cents of third-quarter's fiscal 2017.
Excluding one-time items, the company reported earnings of 44 cents from continuing operations in the quarter, compared with 40 cents it generated in the prior-year quarter.
Total Revenues
Net sales came in at $456.3 million in the fiscal third quarter, which missed the Zacks Consensus Estimate of $479 million by 4.8%. However, revenues increased 12.% from $407.2 million in the year-ago quarter.
Segment Details
In the reported quarter, Aviation Services reported revenues of $426.4 million, up 11.4% year over year.
Expeditionary Services garnered revenues of $29.9 million, up 22.5% from $24.4 million in the year-ago quarter.
Highlights of the Release
In the fiscal third quarter, AAR Corp’s cost of sales increased 11.15% year over year to $378.7 million.
Selling, general and administrative expenses increased 23.9% to $53.4 million.
The company incurred interest expenses of $2.2 million, compared with $1.3 million in the year-ago quarter.
AAR Corp. Price, Consensus and EPS Surprise
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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