AAR CORP. (NYSE: AIR) has reported USD423.8 in consolidated sales in the second quarter fiscal year 2017, and income from continuing operations of USD12.1 million, or USD0.35 per diluted share, the company said.
During the second quarter, the company paid cash dividends of USD2.6 million, or USD0.075 per share. Average diluted share count for the quarter was 34.1 million compared to 34.6 million in the second quarter last year.
Net debt at November 30, 2016 was USD140.3 million compared to USD143.7 million at August 31, 2016. Net debt decreased by USD3.4 million during the quarter while still investing in working capital and rotable assets to support the new flight hour component program awards discussed above.
AAR is a global aftermarket solutions company that employs more than 4,500 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.