Earnings summaries and quarterly performance for AAR.
Executive leadership at AAR.
John M. Holmes
Detailed
Chief Executive Officer
CEO
CA
Christopher A. Jessup
Detailed
Senior Vice President and Chief Commercial Officer
ES
Eric S. Pachapa
Detailed
Vice President, Controller and Chief Accounting Officer
JA
Jessica A. Garascia
Detailed
Senior Vice President, General Counsel, Chief Administrative Officer and Secretary
SM
Sean M. Gillen
Detailed
Senior Vice President and Chief Financial Officer
Board of directors at AAR.
BJ
Billy J. Nolen
Detailed
Director
DJ
Duncan J. McNabb
Detailed
Director
EM
Ellen M. Lord
Detailed
Director
HW
Hema Widhani
Detailed
Director
JN
Jeffrey N. Edwards
Detailed
Director
JL
Jennifer L. Vogel
Detailed
Director
JW
John W. Dietrich
Detailed
Director
MJ
Marc J. Walfish
Detailed
Lead Independent Director
MR
Michael R. Boyce
Detailed
Director
PP
Peter Pace
Detailed
Director
RF
Robert F. Leduc
Detailed
Director
Research analysts who have asked questions during AAR earnings calls.
Scott Mikus
Melius Research
10 questions for AIR
Also covers: BA, BAH, CACI +13 more
Kenneth Herbert
RBC Capital Markets
9 questions for AIR
Also covers: , AMTM, ASLE +24 more
Michael Leshock
KeyBanc Capital Markets
8 questions for AIR
Also covers: HAYN, RKLB, SPCE +1 more
LD
Louie DiPalma
William Blair
6 questions for AIR
Also covers: ASTS, AVAV, BAH +16 more
Michael Ciarmoli
Truist Securities, Inc.
5 questions for AIR
Also covers: AIN, ASLE, ATRO +20 more
Samuel Struhsaker
Truist Securities, Inc.
5 questions for AIR
Also covers: ASLE, ATRO, B +2 more
NL
Noah Levitz
William Blair
3 questions for AIR
Also covers: REKR, STRL, VSEC
Joshua Sullivan
The Benchmark Company
2 questions for AIR
Also covers: ACHR, ATI, BKSY +13 more
SK
Sheila Kahyaoglu
Jefferies
2 questions for AIR
Also covers: , AAL, BA +36 more
KE
Ken Erbert
RBC
1 question for AIR
Also covers: AVAV, NOC
LD
Louis Dipalma
William Blair & Company
1 question for AIR
Also covers: BAH, IRDM
Recent press releases and 8-K filings for AIR.
AAR Completes Airframe MRO Facility Expansion in Oklahoma City
AIR
New Projects/Investments
Hiring
Demand Acceleration/Inflection
- AAR CORP. has substantially completed the expansion of its Airframe MRO facility in Oklahoma City, driven by increased demand for its MRO services.
- The expansion adds over 80,000 square feet and includes three maintenance bays capable of accommodating all 737 variants.
- AAR will soon induct additional Alaska Airlines aircraft for service as part of a long-term customer commitment.
- The project also led to the creation of 200 additional full-time careers.
Jan 28, 2026, 9:30 PM
AIR Announces Research Study Findings and Proposed Nasdaq Listing
AIR
M&A
New Projects/Investments
- AIR announced the results of a commissioned research study demonstrating significantly reduced secondhand toxicant exposure from its OOKA electronic waterpipe device and electronic vaping products compared to conventional waterpipes and cigarettes.
- The study, published in December 2025, found that AIR's OOKA nearly eliminated or entirely eliminated increases in carbon monoxide, formaldehyde, benzene, and NNK, and resulted in approximately 40% lower particulate matter levels than conventional waterpipe use.
- Additionally, AIR and Cantor Equity Partners III, Inc. (CAEP) entered into a definitive business combination agreement on November 7, 2025, which is expected to result in AIR Global Limited becoming publicly listed on Nasdaq under the ticker "AIIR" in the first half of 2026.
Jan 28, 2026, 1:00 PM
AIR Acquires KAON Automation
AIR
M&A
New Projects/Investments
- Automated Industrial Robotics Inc. (AIR) has acquired KAON Automation, an Ireland-based industrial automation company founded in 2005.
- This acquisition strengthens AIR's presence in Ireland and expands its capabilities in the medical and life sciences end markets, particularly in precision assembly and aseptic high-speed filling.
- The transaction increases AIR's total workforce to over 550 employees across facilities in the United States, Ireland, and the United Kingdom.
- The financial terms of the acquisition were not disclosed.
Jan 9, 2026, 2:00 PM
AAR Corp. Acquires Trax Amidst Robust Air Transport MRO Market Growth
AIR
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- The global air transport MRO market is projected to grow from $89.42 billion in 2025 to $93.6 billion in 2026 at a CAGR of 4.7%, and is anticipated to reach $114.15 billion by 2030 with a CAGR of 5.1%.
- This growth is driven by surging global commercial flight operations and the adoption of digital tools, with critical trends including predictive maintenance, robotics, and blockchain for secure MRO records.
- AAR Corp. acquired Trax for $120 million to merge its aftermarket offerings with Trax's advanced fleet management software, indicating a consolidation trend in the industry.
- Asia-Pacific was the largest region in the air transport MRO market in 2025, though the market faces challenges from shifting global trade relations and tariffs.
Jan 9, 2026, 9:56 AM
AAR Reports Strong Q2 2026 Results, Driven by Sales Growth and Strategic Acquisitions
AIR
Earnings
Guidance Update
M&A
- AAR reported strong financial results for Q2 fiscal year 2026, with total sales growing 16% year-over-year to $795 million and adjusted diluted EPS increasing 31% to $1.18 a share.
- The company's parts supply business led growth with a 29% increase in sales, including 32% organic growth in new parts distribution activities.
- AAR completed two strategic acquisitions, ADI for $138 million and HAECO Americas for $77 million, and announced an agreement to acquire Aircraft Reconfig Technologies (ART) for $35 million, which is expected to close in Q4 FY2026.
- For Q3 fiscal year 2026, AAR expects total sales growth in the range of 20%-22% and an adjusted operating margin of 9.8%-10.1%.
- Net debt leverage decreased to 2.49 times, achieving the company's target range of 2.0 to 2.5 times.
Jan 6, 2026, 10:00 PM
AAR Reports Strong Q2 FY2026 Results, Announces Strategic Acquisitions, and Provides Q3 and Full-Year Guidance
AIR
Earnings
M&A
Guidance Update
- AAR reported strong Q2 FY2026 financial results, with total sales growing 16% year-over-year to $795 million and adjusted diluted EPS increasing 31% to $1.18.
- The company completed two strategic acquisitions, ADI for $138 million and HAECO Americas for $77 million, and announced an agreement to acquire ART for $35 million, expected to close in Q4 FY2026.
- For Q3 FY2026, AAR expects total sales growth of 20%-22% and an adjusted operating margin of 9.8%-10.1%. The full fiscal year 2026 outlook projects total sales growth approaching 17%.
- Net debt leverage decreased to 2.49 times in Q2 FY2026, achieving the target range of 2.0 to 2.5 times. The integration of HAECO Americas is expected to be initially margin-dilutive but will improve operating margins over 12-18 months.
Jan 6, 2026, 10:00 PM
AAR Reports Strong Q2 FY2026 Results and Strategic Acquisitions
AIR
Earnings
M&A
Guidance Update
- AAR delivered strong financial results in Q2 FY2026, with total sales growing 16% year-over-year to $795 million and adjusted diluted EPS increasing 31% to $1.18.
- The company completed two strategic acquisitions: ADI for $138 million in September, expanding new parts distribution, and HAECO Americas for $77 million in November, extending airframe heavy maintenance capabilities. An agreement to acquire Aircraft Reconfig Technologies (ART) for $35 million was also announced, expected to close in Q4 FY2026.
- Net debt leverage decreased from 2.82 times in Q1 to 2.49 times in Q2 FY2026, bringing it within the long-term target range of 2.0 to 2.5 times.
- For Q3 FY2026, AAR expects total sales growth in the range of 20%-22% and an adjusted operating margin of 9.8%-10.1%. The full fiscal year 2026 guidance includes total sales growth approaching 17% and organic sales growth approaching 11%.
Jan 6, 2026, 10:00 PM
AIR Announces Q2 2026 Results and Strategic Updates
AIR
Earnings
M&A
Guidance Update
- AIR reported strong financial performance in Q2 FY26, with sales increasing by 16%, Adjusted EBITDA up 23%, and Adjusted EPS growing by 31%.
- The company strengthened its portfolio through the acquisition of ADI and HAECO Americas, and announced an agreement to acquire Aircraft Reconfig Technologies, expected to close in Q4 FY26.
- AIR reduced its net leverage to 2.49x in Q2 FY26, down from 2.82x in Q1 FY26, aligning with its target range of 2.0x – 2.5x.
- For Q3 FY26, AIR provided guidance for total sales growth between 20% and 22% and organic sales growth between 8% and 11%.
- The company updated its FY26 organic sales growth guidance to "Approaching 11%" as of January 6, 2026, up from "Approaching 10%" as of September 23, 2025.
Jan 6, 2026, 10:00 PM
AAR CORP. Reports Strong Q2 FY2026 Results and Strategic Acquisitions
AIR
Earnings
M&A
Guidance Update
- AAR CORP. reported second quarter fiscal year 2026 sales of $795 million, an increase of 16% compared to the prior year, with organic growth of 12%.
- The company achieved adjusted diluted EPS of $1.18, a 31% increase from the prior year, and adjusted EBITDA of $97 million, up 23%, with adjusted EBITDA margin expanding to 12.1%.
- During the quarter, AAR CORP. completed two strategic acquisitions: ADI for $138 million and HAECO Americas for $77 million, and secured $850 million in new airframe heavy maintenance contracts.
- AAR CORP. provided FY 2026 guidance for total sales growth of 20%-22% and organic sales growth of 8%-11%, with an adjusted operating margin of 9.8%-10.1%.
Jan 6, 2026, 9:27 PM
AAR Reports Strong Q2 FY2026 Results and Strategic Acquisitions
AIR
Earnings
Guidance Update
M&A
- AAR CORP. reported second quarter fiscal year 2026 sales of $795 million, an increase of 16%, and adjusted diluted EPS of $1.18, up 31% compared to the prior year.
- The company completed strategic acquisitions of ADI for $138 million and HAECO Americas for $77 million, expanding its parts distribution and airframe heavy maintenance capabilities, and securing $850 million in new contracts.
- For the third quarter fiscal year 2026, AAR expects total sales growth of 20% - 22% and organic sales growth of 8% - 11%, while updating its full-year FY2026 total sales growth outlook to "Approaching 17%".
- As of November 30, 2025, AAR maintained a strong balance sheet with net debt of $884.4 million and a net leverage ratio of 2.49x.
Jan 6, 2026, 9:05 PM
Quarterly earnings call transcripts for AAR.
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