AAR Corp Q3 2020 Earnings Report
Key Takeaways
AAR Corp's third quarter Fiscal Year 2020 shows consolidated sales of $553.1 million and income from continuing operations of $2.6 million, or $0.07 per diluted share. The quarter included a $24.7 million pretax charge. Adjusted diluted earnings per share from continuing operations were $0.67, compared to $0.62 in the prior year. Consolidated sales increased 4% due to growth in the Aviation Services segment.
Consolidated sales increased 4% over the prior year period.
Aviation Services segment experienced sales growth of 7%.
Sales to government and defense customers represented 35% of consolidated sales.
The company withdrew its guidance for the balance of the year due to COVID-19 uncertainty.
AAR Corp
AAR Corp
AAR Corp Revenue by Geographic Location
Forward Guidance
Given the current macro uncertainty from the impact of COVID-19, the company withdrew its guidance for the balance of the year.