AAR reports second quarter fiscal year 2015 results

AAR reported second quarter fiscal year 2015 consolidated sales of US$490.0m and net income of US$15.2m. For the second quarter of the prior fiscal year, the Company reported sales of US$540.7m and net income of US$20.0m. Within the Aviation Services segment, sales decreased 11.1% to US$377.7m. Supply chain sales to commercial and defense customers experienced double-digit growth but this was offset by lower sales of the Company’s airlift and MRO services, although MRO facility utilization ramped up during the quarter. Comparability of financial performance for this quarter was also negatively impacted by the sale of two aircraft in the prior year period. Within the Technology Products segment, sales declined by 3.2%. Commercial and military cargo sales experienced double-digit growth offset by lower sales of mobility products.