AAR CORP. (NYSE: AIR) has reported third quarter Fiscal Year 2018 consolidated sales of USD 456.3 million and income from continuing operations of USD 31.3 million, or USD 0.90 per diluted share, the company said.
For the third quarter of the prior year, the company reported sales of USD 407.2 million and income from continuing operations of USD 14.4 million, or USD 0.42 per diluted share. The current period results include a tax benefit of USD 13.0 million, or USD 0.38 per diluted share, to reflect the estimated re-measurement impact of the US Tax Cuts and Job Act on our deferred tax liabilities.
AAR is a global aftermarket solutions company that employs more than 5,500 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR´s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; and component repair. AAR´s Expeditionary Services include mobility systems; command and control centers in support of military and humanitarian missions; and composite manufacturing operations. Additional information can be found at www.aarcorp.com.