AAR reports 4.3% increase in second quarter earnings

AAR Corp.’s fiscal second-quarter earnings have increased by 4.3% on the back of double-digit sales in its supply chain business. The company has said it plans to reduce investment in its aircraft-sales-and-leasing portfolio. For the quarter ended Nov. 30, AAR posted a profit of $17.5 million, or 43 cents a share, up from $16.8 million, or 42 cents a share, a year earlier. Excluding acquisition-related expenses, earnings were 45 cents a share in the most recent period. Revenue rose 8% to $475.9 million.