AAR releases Q4 2019 financial results

AAR has reported that it completed consolidated sales of $562.7 million in its fourth quarter 2019 results, up from $473.5 million reported during the same period last year. Reported results include tax benefits which reduced income tax expense by $5.1 million in the current quarter. Reported results in the prior year’s quarter included tax benefits of $3.2 million.  John Holmes, president and chief executive officer of AAR, said: “We are exceptionally pleased with our strong performance in the fourth quarter.  Our double-digit organic sales growth and solid cash flow generation were driven by the continued strength in our parts supply