AAR Corp Q1 revenue rises 24%, beats estimates; raises FY 2027 outlook
Adjusted EPS rose 38% and the company said strong air travel demand boosted services. It also agreed to acquire a 65% controlling interest in MRO Holdings.
AAR Corp said fiscal first-quarter revenue increased 24%, topping analyst estimates, while adjusted earnings per share rose 38% and also came in above expectations. The company agreed to acquire a 65% controlling interest in MRO Holdings. 4%. AAR lifted its fiscal 2027 sales growth outlook excluding LCP to low teens.
The company said strong demand for air travel boosted demand for its services. Its Parts Supply segment grew 31%, helped by 23% organic growth in new parts distribution across commercial and government markets. Repair, Engineering & Software segment sales also increased 31%, driven by airframe MRO, component MRO and software activities. 10 mln.
" Wall Street's median 12-month price target for AAR CORP. 09. The stock recently traded at 20 times expected earnings over the next 12 months, compared with a P/E ratio of 20 three months earlier. Reuters Recommended Reads Sept 28: Duffy, airlines urge US Congress to quickly approve $30 billion for aviation reforms; US FAA delays Boeing 737 MAX 10 certification, shares dive 6%; Airbus investigates A321neo flaw as deliveries slip into congested fourth quarter.