AAR CORP. (NYSE: AIR), a global aerospace and defense contractor and provider of aviation services to airlines and governments, has reported its preliminary outlook for the first quarter of fiscal year 2017 ending August 31, 2016, the company said.
The company said it expects mid-single digit sales growth and 20-25 percent growth in diluted earnings per share from continuing operations in the quarter compared to prior year period driven by growth in its aviation services business and improved results in its expeditionary services operations.
Aviation Services experienced growth in its supply chain business slightly offset by a slight decline in its MRO business. The company said it benefited from lower interest expense in the quarter.
AAR is an aftermarket solutions company that employs more than 4,500 people in over 20 countries. AAR supports commercial aviation and government customers through two operating segments: aviation services and expeditionary services.