AAR CORP Reports Fourth Quarter Fiscal Year 2023 Earnings Results on July 18
July 21, 2023
🌥️Earnings Overview
On July 18 2023, AAR CORP ($NYSE:AIR) reported its earnings results for the fourth quarter of fiscal year 2023, ending on May 31 2023. Revenue for this quarter was USD 553.3 million, a 16.2% increase from the same period in the previous year. Net income, however, decreased by 2.9% to USD 23.2 million.
Share Price
AAR CORP stock opened at $58.6 and closed at $59.8, up by 2.4% from the prior closing price of 58.4. Despite a somewhat bearish market, the company’s stock managed to close with a gain, and the report showed that both net sales and EBITDA were up from the same period last year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aar Corp. More…
| Total Revenues | Net Income | Net Margin |
| 1.99k | 89.1 | 4.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aar Corp. More…
| Operations | Investing | Financing |
| 23.3 | -138 | 137.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aar Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.83k | 734 | 31.67 |
Key Ratios Snapshot
Some of the financial key ratios for Aar Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.3% | 47.0% | 6.7% |
| FCF Margin | ROE | ROA |
| -0.3% | 7.7% | 4.5% |
Analysis
As a GoodWhale user, I analyzed AAR CORP’s financials to understand its performance. The Star Chart indicates that AAR CORP is strong in assets, medium in growth, profitability and weak in dividend. Additionally, AAR CORP has a high health score of 8/10 with regard to its cashflows and debt. This indicates that the company is likely to be able to sustain future operations in times of crisis. Based on this analysis, we classify AAR CORP as a ‘Cheetah’ company, one that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. Investors who are comfortable with short-term volatility and potentially higher returns may be interested in such companies. More…
Peers
The aerospace industry is highly competitive, with companies vying for contracts from airlines and governments around the world. Its competitors include Sichuan Haite High-tech Co Ltd, Destini Bhd, Embraer SA, and other large aerospace firms. AAR Corp has a strong track record of delivering quality products and services, and is well-positioned to continue its success in the years to come.
– Sichuan Haite High-tech Co Ltd ($SZSE:002023)
Sichuan Haite High-tech Co Ltd is a Chinese company that manufactures and sells a variety of products, including semiconductors, integrated circuits, and other electronic components. The company has a market cap of 6.96B as of 2022 and a Return on Equity of 0.16%.
– Destini Bhd ($KLSE:7212)
Destini Bhd is a Malaysian company that provides engineering solutions. The company has a market capitalization of 133.08 million as of 2022 and a return on equity of 1.97%. Destini Bhd’s main business activities include providing engineering solutions for the aerospace, oil and gas, and defense industries. The company also has a joint venture with Airbus Group to provide engineering solutions for the A320neo aircraft.
– Embraer SA ($NYSE:ERJ)
Embraer SA is a Brazilian aerospace conglomerate that manufactures aircraft and provides aviation services. The company has a market cap of 1.93B as of 2022 and a return on equity of 4.38%. Embraer is the world’s third-largest producer of commercial jets, and its products are used by airlines around the globe. The company has a strong presence in the regional jet market, and its products are known for their fuel efficiency and reliability. Embraer has a long history of innovation, and its products are some of the most advanced in the aviation industry. The company is a major player in the global aerospace market, and its products are used by many of the world’s leading airlines.
Summary
AAR CORP reported strong financial results for the fourth quarter of fiscal year 2023, with total revenue up 16.2% year over year. Despite the increase in revenue, net income decreased 2.9% from the same period in the previous year. Analysts are encouraged by the company’s strong quarterly performance and suggest that investors take a closer look at AAR CORP’s stock.
With a sound revenue stream and further cost-cutting measures, the company could see improved performance in the coming quarters. Investors should consider AAR CORP’s long-term prospects when evaluating its stock.
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