TGI - Aviation Service Provider AAR Posts Mixed Bag Of Q2 Earnings Set For Revenue And EPS Boost Post Triumph Deal | Benzinga
Thursday evening, AAR Corp (NYSE: AIR) reported Q2 FY24 sales of $545.4 million, up 16% Y/Y, missing the consensus of $557.2 million.
The company's sales to commercial customers were up 24% Y/Y led by higher demand for new and used parts offerings. Sales to government customers grew 1% Y/Y in the quarter.
"We drove another quarter of double-digit sales growth in our commercial business with strong USM and new parts distribution volumes in our Parts Supply segment. Additionally, the recovery in global flight hours led to growth in our Integrated Solutions segment. Demand for MRO services continued to be strong and our ...