AAR Corp. reported fourth quarter sales of $474 million, up 5 percent from $451 million in the same prior fiscal year quarter. Full year sales of $1.75 billion were up 10 percent.
Fourth quarter diluted earnings per share from continuing operations were 52 cents compared with 48 cents one year ago. For the full year, AAR’s earnings per share were $2.11 compared with $1.51 in fiscal year 2017.
Consolidated sales increased $23.0 million or 5.1 percent from the prior year period, reflecting continued growth in Aviation Services and AAR’s integrated supply chain solutions and parts supply activities. Consolidated gross profit margins increased to 17.9 percent in the current quarter from 17.3 percent in the same prior year quarter.
"We are very pleased with the fourth quarter and full year results as well as the progress we made on our long-term strategic growth plan. We drove strong results across all of our businesses, captured multiple new long-term contract awards and made investments to further strengthen the AAR value proposition," said President and CEO John M. Holmes.