AAR reports second quarter fiscal year 2012 results

AAR reported second quarter fiscal year 2012 consolidated sales of $475.9m and income from continuing operations of $17.5m. Results for the second quarter include $1.4m of transaction-related expenses for acquisitions announced during the second quarter. For the second quarter of the prior fiscal year, the Company reported sales of $440.5m and income from continuing operations of $18.1m.
Sales to commercial customers increased 11% versus the second quarter of last year and were principally driven by strength at the Company’s supply chain business. Sales to government and defense customers increased 5% compared to last year due to sales growth at AAR Airlift and at the Company’s Defense Logistics business. The Company generated $30.4m in cash flow from operations and had capital expenditures, exclusive of the Airinmar acquisition, of $13.4m during the second quarter.