AAR Corp reported a consolidated sales increase of 8% to $469.8 million compared to the prior year quarter. Income from continuing operations was $22.5 million, or $0.64 per diluted share. Adjusted diluted earnings per share from continuing operations were $0.69, compared to $0.53 in the second quarter of the prior year.
Consolidated sales increased 8% over the prior year quarter.
Consolidated sales to commercial customers increased 21% over the prior year quarter.
Sales to commercial customers were 66% of consolidated sales, compared to 59% in the prior year quarter.
Adjusted diluted earnings per share from continuing operations in the second quarter of fiscal year 2023 were $0.69, compared to $0.53 in the second quarter of the prior year.
AAR Corp expects positive commercial aftermarket trends and government contract awards to drive continued sequential growth over the coming quarters.
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