AIR · AAR Corp.

Summary

AAR Corp. reported third quarter fiscal 2026 results with sales of $845.1 million, up 25% from $678.2 million in the prior year quarter, GAAP net income of $68.0 million, and diluted EPS of $1.71. Adjusted diluted EPS increased 26% to $1.25, with adjusted EBITDA of $102.1 million, up 26%, and updated full year guidance for approximately 19% total sales growth.

Key takeaways

• Sales $845.1M, +25% YoY to $678.2M
• GAAP diluted EPS $1.71 vs $(0.25) YoY
• Adjusted diluted EPS $1.25, +26% YoY to $0.99
• Adjusted EBITDA $102.1M, +26% YoY to $81.2M, margin 12.1%
• Net leverage 2.17x as of February 28, 2026
• Q4 FY2026 guidance: total sales growth 19-21%, organic 6-8%, adjusted operating margin 10.2-10.5%
• FY2026 guidance updated to ~19% total sales growth, ~12% organic