AAR reports third quarter fiscal year 2016 results

AAR reported third quarter fiscal year 2016 consolidated sales of US$402.8m and income from continuing operations of US$10.7m. Third quarter results from continuing operations include an approximate US$1.6m reduction in income tax expense. For the third quarter of the prior fiscal year, the Company reported sales of US$380.1m and income from continuing operations of US$1.9m. In the Aviation Services segment, gross profit increased US$7.9m and margins increased to 16.8%, primarily due to increased sales. Third quarter sales to commercial customers represented 60.6% of consolidated sales, compared to 64.6% of consolidated sales in the third quarter of last year, and sales to government and defense customers represented 39.4% of consolidated sales compared to 35.4% in the prior year’s quarter.