AAR records Q4 sale of $553 million, up 16% Y-O-Y

AAR CORP reported fourth quarter fiscal year 2023 consolidated sales of $553.3 million and income from continuing operations of $23.2 million, or $0.66 per diluted share. For the fourth quarter of the prior year, the Company reported sales of $476.1 million and income from continuing operations of $23.9 million. AAR reported an increase of 16% in consolidated sales over the same quarter last year with an increase of 31% in consolidated sales to commercial customers due to recovery in the commercial market while the group’s consolidated sales to government customers decreased by 7% due to completion of certain government programs