AAR reports Q3 FY2017 diluted earnings up 31% from Q3 FY2016

Wood Dale, Illinois-based AAR CORP. (NYSE: AIR) reported third quarter Fiscal Year 2017 consolidated sales of USD 446.7m and income from continuing operations of USD 13.1,, or USD 0.38 per diluted share, the company said.

For the third quarter of the prior fiscal year, the company reported sales of USD 412.1m and income from continuing operations of USD 9.9m, or USD 0.29 per diluted share.

Sales in Aviation Services increased 9.6% in the quarter reflecting continued strong performance for the Company´s industry leading supply chain management solutions. Sales in Expeditionary Services also increased 1.6% as volumes continue to recover in the mobility business.

Third quarter sales to commercial customers represented 68.1% of consolidated sales, compared to 60.6% of consolidated sales in the third quarter of last year. Sales to government and defense customers represented 31.9% of consolidated sales compared to 39.4% in the prior year´s quarter.

AAR is a global aftermarket solutions company that employs more than 4,500 people in over 20 countries. The company 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 airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions.