AAR Corp. stock is trading more than 6% lower after reporting third quarter earnings. The company's stock retreated after announcing an acquisition that would add 13% in sales and 38% in adjusted operating profit. AAR Corp. posted nearly 9% growth in revenues, with sales to commercial customers growing 18% and sales to government customers falling 7%.
Record third quarter sales of $567 million, up 9% over the prior year Third quarter GAAP diluted earnings per share from continuing operations of $0.39, compared to $0.62 in Q3 FY2023 Record third quarter adjusted diluted earnings per share from continuing operations of $0.85, up 13% from $0.75 in Q3 FY2023 Third quarter cash flow provided by operating activities from continuing operations of $...
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