AAR Corp revenue up 50% in 3QFY2011

AAR Corp revenue up 50% - financial highlights for the three months ended 28-Feb-2011:

• Revenue: USD451 million, +49.9% year-on-year;
  • Aviation supply chain: USD113.0 million, +39.2%;
  • MRO: USD108.0 million, +52.9%;
  • Structures and systems: USD82.7 million, -25.3%;
• Operating profit: USD35.3 million, +46.0%;
• Net profit: USD17.9 million, +80.8%;
• Total assets: USD1656 million, +10.3%;
• Total liabilities: USD851.4 million, +12.8%. [more]

AAR Corp: "We are pleased to report another quarter of solid sales and earnings growth. We had exceptional organic sales growth to commercial customers, far outpacing the overall growth rate in the airline market," David Storch, Chairman and CEO. Source: AAR Corp, 15-Mar-2011.