AIR - AAR Corp.: Aircraft Delivery Constraints Increasing Aftermarket Demand

2024-05-29 08:49:59 ET

Summary

• AIR has shown consistent top-line growth over the past three years. Additionally, its profit margins over that period also expanded annually.
• The acquisition of Triumph Group's product support business is expected to enhance AIR's repair capabilities and expand its market reach in the Asia Pacific region.
• Supply chain disruptions resulting in aircraft delivery delays and increased travel demand are creating more demand for aftermarket parts, which is expected to benefit AIR's growth outlook.

Synopsis

AAR Corp. ( AIR ) specialises in providing products and services to the aviation, government, and defence markets. Over the last three years, AIR's top line has been consistently growing. For its most recent 3Q24, it continues to report sales growth. Additionally, 3Q24's margins remained robust when compared to the previous period....

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