AAR results strengthen for quarter, year
Wednesday, July 10, 2019
AAR CORP. reported fourth quarter fiscal year 2019 consolidated sales of $562.7 million and income from continuing operations of $26.6 million, or 76 cents per diluted share. For the fourth quarter of the prior year, the company reported sales of $473.5 million and income from continuing operations of $18.1 million, or 52 cents per diluted share.
Consolidated sales increased 19 percent over the prior year period from continued growth in programs and parts supply activities. The Aviation Services segment, which has an operation in Duluth, experienced 18 percent growth driven by strong demand for both new and aftermarket parts.
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