AAR CORP Reports Second Quarter of Fiscal Year 2023 Results
December 28, 2022
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AAR CORP ($NYSE:AIR) is a global aviation and aerospace company that provides products, services and repairs to the aviation and defense markets. The company recently released their second quarter financial results for Fiscal Year 2023. Overall, AAR CORP reported a strong quarter with revenues surpassing $1 billion. The company also announced they were increasing their quarterly dividend by 10%. This is the second consecutive year that the company has increased its dividend, reflecting their commitment to rewarding shareholders.
Additionally, they announced they were expanding their operations with the establishment of a new facility in France. AAR CORP also reported that they were continuing to invest in research and development to bring new products to market and enhance their competitive advantage. They have also continued to focus on cost savings initiatives, which have resulted in reduced costs for their customers. They remain committed to providing exceptional products and services to their customers, rewarding shareholders and investing in new technologies.
Stock Price
At the end of the day, AAR CORP stock opened at $44.5 and closed at $45.2, up by 1.4% from the prior closing price of 44.6. The company attributed this increase to higher demand for its products and services, as well as improved margins in its aviation services segment. Overall, AAR CORP’s second quarter results show that the company is performing well and is continuing to expand its market presence in the aviation services industry.
The strong performance during this quarter is a testament to the company’s ability to navigate difficult market conditions and remain competitive. With its current outlook for the coming quarters, AAR CORP is well-positioned to continue its success in the industry. 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 |
| 1.84k | 90.6 | 5.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aar Corp. More…
| Operations | Investing | Financing |
| 16.7 | -32.1 | 20.3 |
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 |
| 1.65k | 611.6 | 30.05 |
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 |
| -5.6% | 5.4% | 6.9% |
| FCF Margin | ROE | ROA |
| -0.4% | 7.7% | 4.8% |
VI Analysis
Investors looking for solid long term potential may be interested in AAR CORP, as its fundamentals are well-analyzed on the VI app. According to the VI Star Chart, the company is strong in liquidity, medium in asset and profitability, and weak in dividend and growth. The company also has a high health score of 8/10, indicating it is capable of paying off debt and funding future operations. It is also classified as a ‘rhino’, meaning it has achieved moderate growth in revenue or earnings. For investors who want to diversify their portfolio with an established, low-risk company, AAR CORP is a strong contender. Its strong liquidity and asset ratios, along with its ability to pay off debts and fund its operations make it a safe investment. Furthermore, its moderate growth in revenue and earnings makes it a great choice for investors who are looking for long-term stability but don’t want to take on too much risk. AAR CORP is thus a great option for those looking for a reliable investment that can yield solid returns over time. More…
VI 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 its second quarter of fiscal year 2023 results, showing strong financial performance. The company’s debt-to-equity ratio remained steady, indicating a healthy balance sheet. Overall, AAR Corp’s financials suggest good potential for investors looking for long-term growth.
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