17-Dec-2010 12:49 PM

AAR Corp revenue up 36%, profits also up in 2QFY2011

AAR Corporation revenue up 36% - financial highlights for the three months ended 30-Nov-2010:

  • Revenue: USD447.1 million, +36.0% year-on-year;
    • Aviation supply chain: USD117.9 million, +15.4%;
    • MRO: USD99.0 million, +37.9%;
    • Structures and systems: USD17.9 million, -28.3%;
  • Operating profit: USD33.4 million, +27.0%;
  • Net profit: USD16.8 million, +26.3%;
  • Total assets: USD1557 million, +3.7% when compared to period ended 31-May-2010;
  • Cash and cash equivalents: USD49.3 million, -37.9% when compared to period ended 31-May-2010;
  • Total liabilities: USD776.3 million, +2.8% when compared to period ended 31-May-2010. [more]

AAR Corp: “During the second quarter, we saw a significant increase in sales to our airline customers reflecting stronger demand for our industry leading supply chain and MRO services and execution on business wins announced over the past twelve months. The commercial airline market continues to show signs of recovery and we are optimistic this trend will continue into the second half of our fiscal year,” David Storch, Chairman and Chief Executive Officer. Source: AAR Corp, 16-Dec-2010.

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