AAR swings to Q3 net loss of $8.9 million on $63.7 million charge; sales up 20%
AAR reported fiscal third-quarter 2025 sales of $678.2 million, up 20% from $567.3 million a year earlier, driven by the Product Support acquisition and Parts Supply. The company posted a GAAP net loss of $8.9 million, or $0.25 per share, because of a $63.7 million pre-tax charge tied to the planned sale of its Landing Gear Overhaul business, while adjusted diluted EPS rose to $0.99 from $0.85. Net debt was $947.6 million at February 28, 2025, and net leverage was 3.06x.
- Sales rose 20% to $678.2 million; Repair & Engineering sales increased more than 53%
- GAAP net loss of $8.9 million, or $0.25 per share, versus net income of $14.0 million, or $0.39 per diluted share, a year earlier
- Adjusted diluted EPS of $0.99 versus $0.85; adjusted EBITDA of $81.2 million, up 39%
- Landing Gear Overhaul sale expected to close in the fourth quarter of fiscal 2025 for $51 million