AAR reports third quarter fiscal year 2011 results

AAR reported third quarter fiscal year 2011 consolidated sales of $451.0 million and income from continuing operations of $18.3 million. For the third quarter of the prior fiscal year, the Company reported sales of $300.8 million and income from continuing operations of $10.5 million. Prior year third quarter results included a $0.10 per diluted share unfavorable impact from a customer bankruptcy. Sales to commercial customers increased 44% compared with the third quarter of fiscal year 2010, and included 53% sales growth in the Maintenance, Repair and Overhaul segment and 39% sales growth in the Aviation Supply Chain segment. The robust sales growth to the commercial market was due to improved conditions for the airlines and the Company