AIR - AAR Non-GAAP EPS of $0.61 beats by $0.04 revenue of $446.3M misses by $8.8M
- AAR press release ( NYSE: AIR ): Q1 Non-GAAP EPS of $0.61 beats by $0.04 .
- Revenue of $446.3M (-1.9% Y/Y) misses by $8.8M .
- Adjusted gross profit margin increased from 16.1% to 18.1%, primarily due to the favorable impact from our actions to reduce costs and improve our operating efficiency.
- Adjusted operating margin increased from 5.5% to 6.9% as a result of the actions we took to improve our operating efficiency as well as the recovery in commercial sales.
- Firm-fixed price contract from the U.S. Air Force to produce Next Generation All Aluminum Cargo Pallets with a total contract value, including option periods, of $173.5 million.
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AAR Non-GAAP EPS of $0.61 beats by $0.04, revenue of $446.3M misses by $8.8M