AAR Corp. reports Q3 EPS 63c vs. 64c last year

Reports Q3 revenue $521.1M vs. $452.2M last year. CEO John Holmes says: "We drove strong performance across our entire portfolio particularly in our USM and new parts distribution activities where we had made investments during the second quarter. Additionally, we are very pleased to have completed the acquisition of Trax which brings well-established, industry-leading digital offerings to our portfolio. Over time, we expect Trax will become a unique channel to market for our parts and services. We are proud to have delivered another solid quarter with strong operating margin performance and positive cash flows. We are encouraged by the optimism we see from our airline customers regarding the recovery in air travel and this continues to drive demand for our services. We are also excited by the robust pipeline of opportunities we see across our commercial and government end markets and our strong balance sheet will allow us to continue to make strategic investments, such as the acquisition of Trax, to support our long-term growth."