AAR reports second quarter fiscal year 2017 results

AAR reported second quarter fiscal year 2017 consolidated sales of US$423.8m and income from continuing operations of US$12.1m. For the second quarter of the prior fiscal year, the Company reported sales of US$431.5m and income from continuing operations of US$9.2m. Gross profit margins at Aviation Services were constant with prior year margins and improved at Expeditionary Services as profitability improved at both of the businesses within this segment. Net debt at November 30, 2016 was US$140.3m compared to US$143.7m at August 31, 2016. Net debt decreased by US$3.4m during the quarter while still investing in working capital and rotable assets to support the new flight hour component program awards discussed above.