Printer Friendly

AAR REPORTS THIRD QUARTER RESULTS

 AAR REPORTS THIRD QUARTER RESULTS
 ELK GROVE VILLAGE, Ill., March 18 /PRNewswire/ -- AAR Corp.


(NYSE: AIR) today announced financial results for the third quarter ended Feb. 29, 1992. For the period, net sales were $104,920,000 compared to $117,820,000 for the same period last year. Net income was $2,880,000, or 18 cents per share, compared to $3,977,000, or 25 cents per share, for the third quarter of the previous year. The average number of shares outstanding at Feb. 29, 1992, was 15,896,000 versus 15,891,000 a year ago.
 For the first nine months of the fiscal year, net income was $9,010,000, or 57 cents per share, versus $10,800,000, or 68 cents per share, for the same period of fiscal 1991. Nine-month net sales were $314,207,000 compared to last year's $349,720,000.
 Ira A. Eichner, chairman of the board and chief executive officer of AAR, said of the results, "During our third quarter, despite a persistently difficult business environment, certain of our core operations showed improvement with increased sales and profits; others have yet to benefit from any growth in demand. In addition, continued focus on cost reduction and expense control benefitted results as well as further streamlining the AAR organization." Eichner went on to say, "Results should show improvement as the economy rebounds and demand increases for our products and services."
 AAR Corp. is a leading supplier of aerospace/aviation products and services. The company primarily distributes parts and equipment, performs technical services and manufactures proprietary products for the aviation industry in the United States and abroad.
 AAR CORP.
 (In thousands except per share data)
 Three months ended 2/29/92 2/28/91
 Net sales $104,920 $117,820
 Operating income 5,990 8,407
 Pretax income 4,240 6,007
 Net income $ 2,880 $ 3,977
 Earnings per share $.18 $.25
 Average shares outstanding 15,896 15,891
 -0- 3/18/92
 /CONTACT: Office of the Chairman, AAR Corp., 708-439-3939/
 (AIR) CO: AAR Corp. ST: Illinois IN: AIR SU: ERN


GK -- NY014 -- 9090 03/18/92 09:26 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 18, 1992
Words:358
Previous Article:GENERAL DEVELOPMENT CORPORATION'S CREDITOR'S COMMITTEE COMPLETES BOARD SELECTION
Next Article:WALT WHITMAN'S FRIENDS MARK HIS GRAVE ON CENTENNIAL OF HIS DEATH
Topics:


Related Articles
AAR CORP. ANNOUNCES FIRST QUARTER RESULTS
AAR ANTICIPATES THIRD QUARTER RESULTS AND RESTRUCTURING CHARGE
AAR CONFIRMS PREVIOUSLY ANNOUNCED THIRD QUARTER RESULTS
AAR ANNOUNCES THIRD QUARTER RESULTS
AAR EARNINGS UP 30 PERCENT ON RECORD QUARTERLY SALES
AAR EXPECTS RECORD SALES AND STRONG EARNINGS GAIN IN FOURTH QUARTER
AAR EXPECTS STRONG EARNINGS INCREASE ON RECORD THIRD QUARTER SALES
AAR THIRD QUARTER EARNINGS UP SHARPLY ON RECORD SALES
AAR Reports Record Sales and Strong Earnings Growth
AAR CORP. Expects 50 Percent Increase in First Quarter Earnings on Record Quarterly Sales

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters