$AIR (AAR Corp.)

$AIR {{ '2016-09-22T20:32:13+0000' | timeago}} • Announcement

During 1Q17, $AIR paid cash dividends of $2.6MM, or $0.075 per share, and repurchased approx. 619,000 shares for $14.8MM. On the expense side, $AIR's SG&A expenses as a percentage of sales were 11.1% for the quarter, up 0.8% YoverY, driven by investments in new business development.

$AIR {{ '2017-07-19T14:54:16+0000' | timeago}} • Announcement

$AIR has expanded its relationship with Dubai-based carrier flydubai by signing a long-term contract to provide comprehensive flight-hour component support for its new Boeing 737 MAX aircraft. The airline is set to take delivery of 100 Boeing 737 MAX 8 aircraft ordered at the 2013 Dubai International Airshow by the end of 2023.

$AIR {{ '2017-07-12T19:32:04+0000' | timeago}} • Announcement

$AIR's BoD authorized the repurchase of up to $250 million of its common stock. This new authorization replenishes the company's previous program, increasing its remaining authority of $63MM back up to $250MM.

$AIR {{ '2017-07-11T22:11:35+0000' | timeago}} • Announcement

$AIR's BoD authorized the repurchase of up to $250MM of its common stock. The stock may be repurchased in the open market or in privately negotiated transactions. The repurchased stock will be held as treasury shares and may be reissued for various corporate purposes.  There is no expiration date on the stock repurchase authorization.

$AIR {{ '2017-07-11T21:17:51+0000' | timeago}} • Webcast

$AIR stated that it expects a decent performance from its MRO business in FY18. The company believes it has good alignment in terms of customers and facilities. The Rockford facility is online and it was profitable in 4Q17. $AIR is positive on the prospects in this area.

$AIR {{ '2017-07-11T21:01:34+0000' | timeago}} • Webcast

In 4Q17, $AIR recorded significant new business wins, including the award of a $909MM fixed-price contract from the US Air Force for the Landing Gear Performance-Based Logistics One program. $AIR was also awarded a multi-year component support contract with ASL Group, covering approx. 100 passenger and cargo aircraft.

$AIR {{ '2017-07-11T20:33:55+0000' | timeago}} • Announcement

$AIR said it expects to continue employing a balanced capital allocation strategy, leveraging the company's financial strength to support growth opportunities. AAR plans to supplement the growth of its integrated supply chain and MRO businesses through acquisitions.

$AIR {{ '2017-07-11T20:25:50+0000' | timeago}} • Announcement

Aviation support company $AIR reported a 5.1% annual growth in 4Q17 sales. Net profit climbed to $21.2MM or $0.62 per share from $12MM or $0.34 per share in the year-ago quarter. Sales in Aviation Services rose 5.2% YoY, and those in Expeditionary Services moved up 4.1%. Performance in 4Q17 was positively impacted by an increase in new orders.

$AIR {{ '2017-07-10T22:44:06+0000' | timeago}} • Announcement

$AIR announced that Michael D. Milligan was appointed CFO, effective September 1, 2017. He will succeed Timothy J. Romenesko, who will retire at the end of 2017.

$AIR {{ '2017-07-10T22:33:50+0000' | timeago}} • Announcement

$AIR declared a quarterly cash dividend of $0.075 per share, payable on August 2, 2017 to stockholders of record as of July 21, 2017.

$AIR {{ '2017-06-07T13:39:27+0000' | timeago}} • Announcement

$AIR has signed a multi-year component support agreement with Viva Colombia and Viva Air Peru, expanding its global footprint. AAR will provide pool support to affiliate airlines within the Viva LatinAmerica group, including VivaColombia and Viva Air in Peru. The company will make inventory available from its facilities in Miami and Chicago.

$AIR {{ '2017-04-18T20:40:04+0000' | timeago}} • Announcement

$AIR's BoD declared a quarterly cash dividend of $0.075 per share. The dividend will be payable on May 12, 2017 to stockholders of record as of the close of business on May 1, 2017.

$AIR {{ '2017-04-18T18:25:02+0000' | timeago}} • Announcement

$AIR promoted John Holmes to President and COO, effective June 1, 2017. $AIR's BoD also approved Holmes appointment to the Board, effective at its July 11, 2017 Board meeting. Holmes will continue to report to CEO David Storch.

$AIR {{ '2017-04-18T18:17:35+0000' | timeago}} • Announcement

$AIR elected Duncan J. McNabb, a retired U.S. Air Force General, to its BoD during the quarterly Board meeting. Gen. McNabb also serves on the Boards of A.T. Kearney Public Sector & Defense Services, Atlas Air Worldwide, and Elbit Systems of America.

$AIR {{ '2017-04-18T18:03:57+0000' | timeago}} • Announcement

Long-time CFO of $AIR, Timothy Romenesko, will retire effective December 31, 2017. $AIR has commenced a search for a replacement.

$AIR {{ '2017-04-11T20:22:09+0000' | timeago}} • Announcement

$AIR has been awarded a multi-year component support contract from ASL Aviation Holdings. The new contract for power-by-the-hour support for ASL Group's airlines includes component support and repair for approx 100 passenger and cargo aircraft, including ATR aircraft.

$AIR {{ '2017-04-07T10:58:18+0000' | timeago}} • Announcement

$AIR named Dylan Wolin, Vice President, Strategy and Acquisitions. Wolin before joining $AIR spent nine years at $BA, where he was Director, Corporate Development and responsible for leadership of its merger and acquisition activities.

$AIR {{ '2017-03-27T15:46:42+0000' | timeago}} • Announcement

$AIR received a 15-year $909MM fixed-price contract from the U.S. Air Force for the Landing Gear Performance-Based Logistics One program with work expected to be completed by 2032. The company will leverage its broad range of aviation services and facilities across the U.S.

$AIR {{ '2017-03-21T20:34:32+0000' | timeago}} • Announcement

During 3Q17, sales in $AIR's Aviation Services rose 9.6%, reflecting continues strong performance for the company's industry supply chain management solutions. Sales in Expeditionary Services grew 1.6% as volumes continue to recover in the mobility business.

$AIR {{ '2017-03-21T20:29:14+0000' | timeago}} • Announcement

Aviation support company $AIR reported a jump in its 3Q17 earnings, helped by higher sales. Net income during the quarter rose to $13.7MM, or $0.40 per share compared to $4.8MM, or $0.14 per share during 3Q16. Net sales increased 8.3% YoY to $446.7MM from $412.1MM during the prior year period.

$AIR {{ '2017-01-11T21:12:24+0000' | timeago}} • Announcement

$AIR announced that its Board of Directors declared a quarterly cash dividend of $0.075 per share to its stockholders. The dividend will be payable on February 6, 2017 to stockholders of record as of January 23, 2017.

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