Aar Corp (AIR) SEC Filing 10-K Annual report for the fiscal year ending Sunday, May 31, 2009

Aar Corp

CIK: 1750 Ticker: AIR

Exhibit 99.1



For immediate release



Richard J. Poulton


Vice President, Chief Financial Officer


(630) 227-2075


E-mail address:







·      Fourth quarter diluted earnings per share of $0.49 compared to $0.52 last year

·      Fourth quarter cash flow from operations of $72 million

·      Record annual sales of $1,424 million and diluted earnings per share from continuing operations of $1.92

·      $77 million reduction in net debt outstanding during fiscal 2009


WOOD DALE, ILLINOIS (July 14, 2009) — AAR (NYSE: AIR) today reported fiscal year 2009 fourth quarter consolidated sales of $371.7 million and income from continuing operations of $20.5 million, or $0.49 diluted earnings per share.  Sales decreased 5% from $391.7 million reported in the fourth quarter of last year, and diluted earnings per share from continuing operations decreased 6%. Fourth quarter results include a $10.1 million impairment charge related to inventory acquired before September 11, 2001 and a $1.4 million loss on the sale of marketable securities.  Results for the fourth quarter of fiscal year 2009 also include a $10.0 million gain on the early extinguishment of debt.


Fourth quarter sales to defense customers increased 7% over the prior year and represented 44% of total sales.  The increase in sales to defense customers was principally attributable to higher shipments of mobility systems products and growth at the Company’s defense logistics business. Sales to commercial customers declined 13% due to lower demand for the Company’s products and services as a result of pressure from lower passenger and freight traffic combined with airline inventory de-stocking.


For the Company’s fiscal year 2009, sales were $1,424.0 million, an increase of 3% over the prior year and income from continuing operations increased 6% to $80.6 million, or $1.92 per diluted share.


 “In the midst of a deep global recession and disrupted credit markets, AAR achieved record annual sales, earnings and operating cash flow and significantly reduced its debt obligations, while making strategic investments in the Company’s growth prospects,” said David P. Storch, Chairman


One AAR Place · 1100 N. Wood Dale Road · Wood Dale, Illinois 60191 USA · 1-630-227-2000 Fax 1-630-227-2101


The following information was filed by Aar Corp (AIR) on Wednesday, July 15, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Aar Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Aar Corp.


Assess how Aar Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Aar Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2009 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


SEC Filing Tools
Ticker: AIR
CIK: 1750
Form Type: 10-K Annual Report
Accession Number: 0001047469-09-006783
Submitted to the SEC: Thu Jul 16 2009 4:14:32 PM EST
Accepted by the SEC: Thu Jul 16 2009
Period: Sunday, May 31, 2009
Industry: Aircraft And Parts

External Resources:
Stock Quote
Social Media

Bookmark the Permalink: