Pivotal-Point Tracking AAR Corp. (AIR): Aviation Service Provider Increases Revenue by 20% and Raises Profit Margin to 9.6%!
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AAR Corp is a provider of maintenance, repair, and overhaul solutions for the global aviation industry. The stock rose on high volume after the quarterly figures significantly exceeded expectations. With a 20% increase in revenue to $712 million and an adjusted earnings per share of $0.89, the company emphasized its strong market position. Particularly, the Parts Supply segment thrived through the integration of Triumph Product Support, which raised the operating margin to a record level of 9.6%. AAR acts as a link between OEM manufacturers and...
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