Mergers & Acquisitions ·
AAR reports Q1 sales of $918M, up 24%, as adjusted EPS rises 38% to $1.49; announces acquisition of MRO Holdings
AIRAar Corp
AAR CORP reported first quarter fiscal year 2027 results for the period ended August 31, 2026, alongside announcing a definitive agreement to acquire a controlling interest in MRO Holdings. Consolidated sales increased 24% to $918 million, driven by strong demand across Parts Supply and Repair, Engineering & Software segments. GAAP diluted EPS was $1.00, while adjusted diluted EPS rose 38% to $1.49. Adjusted EBITDA grew 34% to $117 million with an expanded margin of 12.7%. Net income reached $40.1 million, and net leverage decreased to 1.81x. The company provided second quarter sales growth guidance of 14%-16% and full-year low-teens growth, excluding Legacy Commercial Programs impacts. AAR is a global aerospace and defense aftermarket solutions company providing parts supply, repair, engineering, software, and government solutions.