AAR(AIR)
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AAR awarded five-year P-8A Poseidon engine overhaul contract by U.S. Navy
Prnewswire· 2024-09-27 04:05
WOOD DALE, Ill., Sept. 26, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded a five-year indefinite delivery / indefinite quantity contract with an aggregate ceiling value of approximately $1.2 billion by the U.S. Navy's Naval Air Systems Command (NAVAIR) to perform engine depot maintenance and repair for its P-8A Poseidon Aircraft fleet. This new award follows a recently announced award under which AA ...
Airinmar signs repair cycle management services extension with Singapore Airlines
Prnewswire· 2024-09-26 04:30
BERKSHIRE, England, Sept. 25, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, has signed an extension with Singapore Airlines.The extension utilizes Airinmar's full scope of repair cycle management services, including repair order, quote, and turnaround time (TAT) management; repair cost value engineering; component warranty recovery; and TAT guarantee enforcement. Airinmar will also continue ...
AAR Q1 Earnings Surpass Estimates, Sales Increase Year Over Year
ZACKS· 2024-09-25 21:46
AAR Corp. (AIR) reported first-quarter fiscal 2025 adjusted earnings of 85 cents per share, which surpassed the Zacks Consensus Estimate of 82 cents by 3.7%. The bottom line improved 9% from the year-ago quarter’s level.The company reported GAAP earnings per share (EPS) of 50 cents against a loss of 2 cents in the prior-year quarter.The year-over-year improvement in the bottom line can be attributed to improved sales growth as well as operating income.Total SalesIn the quarter under review, AAR generated ne ...
AAR(AIR) - 2025 Q1 - Earnings Call Transcript
2024-09-24 07:14
财务数据和关键指标变化 - 公司本季度销售额为6.62亿美元,同比增长20% [6] - 调整后的营业利润率从7.3%提升至9.1%,增加180个基点 [13] - 调整后的EBITDA利润率从9.5%提升至11.3%,增加180个基点 [13] 各条业务线数据和关键指标变化 - 零件供应业务销售额增长5%至2.5亿美元,其中新零件分销业务增长26%,但二手可用材料(USM)业务下降22% [15] - 维修与工程业务销售额增长58%至2.18亿美元,其中不包括收购的Product Support业务,有机增长6% [16] - 综合解决方案业务销售额增长8%至1.69亿美元 [17] 各个市场数据和关键指标变化 - 商业市场销售额增长20% [13] - 政府市场销售额增长20% [13] 公司战略和发展方向及行业竞争 - 公司正在三大业务领域(零件供应、维修与工程、综合解决方案)进行投资,以推动增长、提高效率和利润率 [5] - 公司在零件分销业务中持续获得市场份额,有长期增长空间 [7] - 公司正在进行维修业务产能扩张,预计将带来6000万美元年销售额 [9] - 公司收购的Trax软件业务表现良好,获得新客户并扩展现有客户 [10][50][51] - 公司获得了海军P-8机队机身维修和发动机维修的合同,体现了公司为政府客户提供价值 [11][40][41] 管理层对经营环境和未来前景的评论 - 公司受益于航空业复苏和机队老化带来的结构性利好 [5] - 尽管某些低成本航空公司有所疲软,但主要客户如大型航空公司需求依然强劲 [47][48] - 公司看好未来发展前景,预计第二季度销售增长18%-22%,利润率与第一季度相当 [19] 其他重要信息 - 公司收购的Triumph Product Support业务表现超预期,正在实现协同效应 [10] - 公司在第一季度确认了一笔9.5百万美元的收入和3.2百万美元的净亏损,与政府合同终止相关,已从调整后业绩中剔除 [17] - 公司维持3.3倍的净负债率,预计未来将通过EBITDA增长和偿还债务来降低负债 [18] 问答环节重要的提问和回答 问题1 **Scott Mikus 提问** 询问Triumph Product Support业务中6000项专有维修能力的增长情况 [22][23] **John Holmes 回答** 大部分维修能力集中在结构维修领域,公司将把维修能力拓展到其他领域,如部件维修 [23] 问题2 **Michael Ciarmoli 提问** 询问二手可用材料(USM)业务的现状及前景 [27][28][31][32][33][34] **John Holmes 回答** USM业务受到航空公司需求强劲和新飞机交付延迟的影响,导致可用资产供给紧张,但这反过来又带动了公司其他业务的需求 [29][30][35] 问题3 **Kenneth Herbert 提问** 询问海军P-8合同中发动机维修业务的收入贡献情况 [40][41][42][43] **John Holmes 回答** 发动机维修合同是全新业务,公司将负责供应链管理和零件供应,具有一定收入贡献,但具体数字需要等待政府提供更多信息 [41][43]
AAR (AIR) Tops Q1 Earnings and Revenue Estimates
ZACKS· 2024-09-24 06:40
AAR (AIR) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.66%. A quarter ago, it was expected that this airplane maintenance company would post earnings of $0.86 per share when it actually produced earnings of $0.88, delivering a surprise of 2.33%.Over the last four quarters, the co ...
AAR(AIR) - 2025 Q1 - Quarterly Report
2024-09-24 05:45
销售与毛利 - 公司总体销售额增长20.4%,其中商业客户销售增长20.5%,政府和国防客户销售增长20.1%[140] - 商业客户毛利增长22.8%,政府和国防客户毛利下降5.1%[141] - 公司整体毛利率为17.7%,较上年同期下降0.7个百分点[141] 业务板块表现 - 零件供应业务销售额增长5.4%,营业利润增长99.3%[151] - 维修与工程业务销售额增长58.3%,营业利润增长131.9%[153] - 综合解决方案业务销售额增长8.1%,营业利润保持稳定[155] - 公司完成了对产品支持业务的收购,并将其整合到维修与工程业务[153] 第三方销售 - 第三方销售额增加6.4百万美元,同比增长33.5%,主要由于终止Next Generation Pallet合同而确认的销售[158] - 营业利润下降3.0百万美元,同比下降230.8%,主要由于终止Next Generation Pallet合同的影响[159] 资金状况 - 公司流动资金和资本资源包括8.49亿美元的营运资金,其中现金4.93亿美元[161] - 公司于2022年12月14日与银行签订新的信用协议,包括8.25亿美元的无担保循环信贷额度[162,163] - 公司于2024年3月1日发行5.5亿美元6.75%的2029年到期的优先票据[167] - 公司与花旗银行签订应收账款融资协议,最高融资额度1.5亿美元[170,171] 其他事项 - 公司与一家主要区域航空公司终止了一项动力按小时(PBH)项目,产生4.8百万美元的净终止费用[172] - 公司于2021年12月16日授权了最高1.5亿美元的股票回购计划,截至2024年8月31日已回购2.2百万股[175] - 2025财年第一季度经营活动使用现金1.86亿美元,投资活动使用现金0.53亿美元,筹资活动使用现金0.91亿美元[176,177] - 公司的外汇风险较小,即使美元对外币贬值10%,也不会对公司的财务状况和持续经营产生重大影响[186] - 公司利率风险未发生重大变化[186]
AAR(AIR) - 2025 Q1 - Quarterly Results
2024-09-24 04:20
财务业绩 - 第一季度销售额为6.617亿美元,同比增长20%[1] - 第一季度GAAP每股摊薄收益为0.50美元,上年同期为每股亏损0.02美元[1] - 第一季度调整后每股摊薄收益为0.85美元,同比增长9%[1] - 公司总收入为6.617亿美元,同比增长20.4%[14] - 调整后净利润为3030万美元,同比增长10.9%[18] - 调整后每股收益为0.85美元,同比增长9.0%[19] 业务表现 - 商业和政府业务销售均同比增长20%[2] - 新零件分销业务实现26%的有机增长,维修车间业务表现强劲,政府业务恢复增长[2] - 最近收购的产品支持业务贡献显著,超出预期[2] - 各业务部门中,Parts Supply收入为2.497亿美元,Repair & Engineering收入为2.176亿美元,Integrated Solutions收入为1.689亿美元[14] 现金流与资产负债 - 现金及现金等价物为6.31亿美元,较期初减少3300万美元[13] - 总资产为27.833亿美元,较期初增加0.13亿美元[12] - 总负债为15.731亿美元,较期初减少0.71亿美元[12] - 股东权益为12.102亿美元,较期初增加2040万美元[12] - 调整后EBITDA为5720万美元,同比增长72.3%[15] - 净负债率为1.5倍,较期初下降0.2倍[17] - 公司三个月期间的经营活动现金流为负1,860万美元,同比持平[21] - 公司三个月期间的调整后经营活动现金流为负3,390万美元[21] - 公司三个月期间的净债务与调整后EBITDA比率为3.57[22] - 公司过去12个月的调整后EBITDA为2.64亿美元[23] - 公司过去12个月的调整后EBITDA(包括收购影响)为2.844亿美元[24] - 公司过去12个月的净债务与调整后EBITDA比率为3.31[24] 新合同 - 获得多个新的长期合同,包括价值约12亿美元的海军P-8A海神机维修合同[4] 未来展望 - 预计将继续推动高毛利业务增长,并充分整合产品支持业务,进一步提升利润率[6] - 公司三个月期间的销售额为6.565亿美元,同比增长20.5%[20] - 公司三个月期间的调整后营业利润为5,920万美元,同比增长46.5%[20] - 公司三个月期间的调整后EBITDA为7,370万美元,同比增长41.4%[21] - 公司三个月期间的调整后经营利润率为9.1%,同比提高1.8个百分点[20]
AAR reports first quarter fiscal year 2025 results
Prnewswire· 2024-09-24 04:05
First quarter sales of $662 million, up 20% over the prior yearFirst quarter GAAP diluted earnings per share of $0.50 compared to a loss per share of $0.02 in Q1 FY2024First quarter adjusted diluted earnings per share of $0.85, up 9% from $0.78 in Q1 FY2024Sales growth of 20% in both our commercial and government businessesWOOD DALE, Ill., Sept. 23, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported first ...
AAR awarded five-year contract to perform airframe maintenance for U.S. Navy's P-8A Poseidon fleet
Prnewswire· 2024-09-23 20:00
WOOD DALE, Ill., Sept. 23, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded a five-year indefinite delivery / indefinite quantity contract with an aggregate ceiling value of approximately $1.2 billion by the U.S. Navy's Naval Air Systems Command (NAVAIR) to perform P-8A Poseidon depot airframe maintenance and depot field team support for the U.S. Navy, government of Australia, and foreign military sal ...
AAR and Defense Logistics Agency Land and Maritime sign Supply Chain Alliance, formalizing commitment to strengthening joint support of the warfighter
Prnewswire· 2024-09-17 04:05
WOOD DALE, Ill., Sept. 16, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, and the U.S. Defense Logistics Agency (DLA) Land and Maritime signed a Supply Chain Alliance charter, formalizing a commitment to strengthening joint support of the nation's warfighter."This DLA alliance recognizes AAR's commitment to provide value-added services," said Landrio.Post thisFrank Landrio, AAR’s Senior Vice President of Distributio ...