AAR has posted third quarter fiscal year 2015 consolidated sales of $380.1m and net loss of $34.5m after discontinuing operations of Telair Cargo Group and Precision Systems Manufacturing. For the third quarter, AAR reported sales of $399.8m and net income of $17.9m. Income from continuing operations fell to $1.9m compared to $16.9m net income in the prior year period, due to a $46.4m pre-tax impairment charge for the write down of the Precision Systems Manufacturing business a $4.7m pre-tax impairment charge to reduce the carrying value of aircraft for sale by the company’s airlift business, and $2.5m of severance due

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In