AAR reports first quarter fiscal year 2023 results

AAR, which provides aviation services to commercial and government operators, MROs, and OEMs, has reported first quarter fiscal year 2023 consolidated sales of $446.3 million and income from continuing operations of $22.3 million, or $0.62 per diluted share. For the first quarter of the prior year, AAR reported sales of $455.1 million and income from continuing operations of $11.2 million, or $0.31 per diluted share. Adjusted diluted earnings per share from continuing operations in the first quarter of fiscal year 2023 were $0.61, compared to $0.52 in the first quarter of the prior year. Consolidated first quarter sales decreased 2%