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prnewswire.comJUL 217 min read$AIR

AAR reports fourth quarter and fiscal year 2026 results

AAR Corp. (NYSE: AIR) reported Q4 FY2026 sales of $928.0 million, up 23% year over year, with GAAP diluted EPS of $1.27 and adjusted diluted EPS of $1.53. FY2026 sales rose to $3.3 billion, up 19%, with GAAP diluted EPS of $4.86 and adjusted diluted EPS of $5.05. Net leverage was 2.03x at May 31, 2026.

Original reporting
prnewswire.com
Published Jul 21, 2026, 8:30 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Jul 21, 2026, 8:39 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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AAR reports fourth quarter and fiscal year 2026 results — source image
Source · prnewswire.com
Decision brief

The 30-second read

$AIRBullishMed
01

Why it matters

Traders can update expectations for revenue growth, adjusted profitability, and cash conversion, while monitoring execution on HAECO Americas integration and the Legacy Commercial Programs wind-down.

02

Market read

Strong adjusted EPS and EBITDA margin expansion, plus controlled leverage and cash flow, are the core drivers for re-pricing AIR after the earnings print.

03

What to watch

Operating margin fell on a GAAP basis (8.6% vs 9.7% prior year quarter), and SG&A rose sharply year over year, which could temper enthusiasm despite adjusted metrics.

Relevance 9/10Novelty 8/10Timing: after-hours earnings release for Q4 and FY2026 ended May 31, 2026

Background

AAR is an aviation aftermarket parts, repair, and software platform; this release includes segment realignment and a planned wind-down of Legacy Commercial Programs.

Company-level read

Ticker impact

$AIRBullishMedium confidence
Context

AAR reported Q4 and FY2026 results with sales up 23% to $928M and adjusted EPS up 32% to $1.53.

Expected impact

Likely positive near-term bias as investors focus on adjusted EPS, EBITDA margin expansion, and cash flow/leverage staying controlled.

Evidence & confidence

The article provides multiple quantified performance metrics (sales, adjusted EPS, adjusted EBITDA margin, net leverage) plus specific operational updates (segment realignment, contract award, distribution agreement) that can re-rate near-term expectations.

Market effects

Sector

Supports the aviation aftermarket demand narrative via parts distribution growth and MRO/recurring software revenue expansion.

Regional

No specific regional read-through beyond U.S. government logistics demand referenced in the contract.

Global

Highlights global engine and airframe MRO activity (e.g., Airbus component repair) and cross-border supply relationships.

Counterpoint

What could challenge this read

Margin expansion may be partly offset by acquisition-related dilution and integration costs, so the sustainability of EBITDA margin could be questioned.

Key entities

  • public_company
    AAR CORP.

    Reported Q4 and FY2026 financial results, segment changes, and multiple commercial and government contract updates.

  • counterparty
    Woodward

    Signed a multi-year commercial distribution agreement with AAR for high-demand consumable parts for CFM LEAP, GEnx, and CF34 engines.

  • government
    U.S. Navy and Marine Corps

    Awarded a $305 million follow-on contractor logistics support contract for the C-40A fleet.

Read at source← All news

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