AAR reports third quarter fiscal year 2017 results

AAR has reported third quarter Fiscal Year 2017 consolidated sales of US$446.7m and income from continuing operations of US$13.1 million. For the third quarter of the prior fiscal year, the Company reported sales of US$412.1m and income from continuing operations of US$9.9m. Sales in Aviation Services increased 9.6% in the quarter reflecting continued strong performance for the Company’s supply chain management solutions. Sales in Expeditionary Services also increased 1.6% as volumes continue to recover in the mobility business. Net debt at February 28, 2017 was US$162.7m compared to US$145.3m at February 29, 2016. The net debt increase during the quarter was primarily for investments in assets to support recently announced long term flight hour program awards.