AAR Corp announces 3QFY2010 financial highlights

AAR (NYSE: AIR) today reported sales of $309.6 million and net income attributable to AAR of $9.9 million or $0.26 per diluted share for the fiscal year 2010 third quarter ending February 28, 2010. These results were unfavorably impacted by $0.10 per diluted share as a result of a customer bankruptcy. For the third quarter of last fiscal year, the Company reported sales of $338.8 million and net income attributable to AAR of $17.2 million or $0.43 per diluted share. Sales to defense and government customers were down 1% year-over-year, and represented 48% of total sales while sales to commercial customers declined 15%.