AAR Corp. exceeds expectations in the first quarter

AAR Corp., based in Wood Dale, Illinois, achieved an impressive profit of $34.4 million in the first quarter of the fiscal year. This corresponds to a profit of 95 cents per share. After accounting for one-time costs and revenues, the adjusted earnings rose to $1.08 per share. The aircraft maintenance specialist recorded revenue of $739.6 million during the reporting period. These positive developments are also reflected in the stock performance of AAR: since the beginning of the year, the shares have increased by 28%. On Tuesday, shortly before the market closed, the shares were trading at $78.60, representing an impressive increase of 14% over the past twelve months.