Every 10-Q that AAR Corp. (AIR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AIR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AIR filings page.
AAR CORP (symbol: AIR) is the issuer of record for a Form 10-Q filing submitted to the SEC. AAR CORP. reported sales of $918.0 million for the three months ended August 31, 2026, up 24.1% from $739.6 million a year earlier. Gross profit was $176.3 million, up 31.9%; net income was $40.1 million versus $34.4 million, and diluted earnings per share were $1.00 versus $0.95. Operating cash flow was $55.8 million, compared with cash used of $44.9 million a year earlier.
On September 28, 2026, AAR entered a definitive agreement to acquire a 65% interest in MRO Holdings for approximately $3.0 billion, including repayment of $1.3 billion of MRO Holdings’ existing borrowings. AAR expects to fund the transaction and related expenses with approximately $2.1 billion of new debt, approximately $780 million of its equity issued to existing MRO Holdings shareholders, and approximately $230 million from a private investment in public equity (PIPE) offering. Closing is expected in the third quarter of fiscal 2027, subject to customary closing conditions, including regulatory approvals.
AAR also announced its intention to exit its Legacy Commercial Programs business, with a wind-down expected to take approximately three to four years as existing customer contracts are terminated or exited and rotable assets are sold.
AAR CORP reported much stronger results for the three months ended February 28, 2026. Sales reached $845.1 million, up from $678.2 million a year earlier, and net income swung to $68.0 million from a net loss of $8.9 million. Nine‑month sales rose to $2,380.0 million with net income of $137.0 million versus a prior‑year net loss of $21.5 million.
Results were boosted by a $35.7 million bargain purchase gain from acquiring HAECO Americas and a $9.8 million gain on the sale of the former headquarters building. AAR continued its acquisition strategy with ADI, Aerostrat and HAECO Americas, and agreed to buy Aircraft Reconfig Technologies for $35 million. It also raised $273.9 million of net proceeds from a 3,450,000‑share equity offering at $83.00 per share and increased its 6.75% Senior Notes to $700.0 million, ending the period with long‑term debt of $888.3 million. Operating cash flow for the nine months was $43.4 million.
AAR CORP. reported strong results for the quarter ended November 30, 2025, with sales rising to $795.3 million from $686.1 million a year earlier and net income improving to $34.6 million from a loss of $30.6 million. Growth was broad-based across Parts Supply, Repair & Engineering, and Integrated Solutions, and earnings per diluted share turned to $0.90 from a loss of $0.87.
For the first six months, sales reached $1,534.9 million versus $1,347.8 million and net income was $69.0 million compared with a loss of $12.6 million. Operating income increased to $67.0 million for the quarter and $131.9 million year-to-date, while interest expense remained relatively stable.
The company completed three acquisitions in 2025: HAECO Americas for $76.5 million to expand heavy maintenance capacity, ADI for $137.7 million to deepen electronic component distribution, and Aerostrat for $20.1 million to add maintenance-planning software. It also previously acquired Triumph’s Product Support business for $720.0 million, which continues to be integrated.
AAR raised $273.9 million of net proceeds from an equity offering of 3.45 million shares and issued an additional $150.0 million of 6.75% Senior Notes, leaving total long-term debt at $952.7 million. Cash, cash equivalents, and restricted cash ended the period at $96.2 million, with operating cash flow of negative $31.3 million mainly driven by higher inventories, rotable assets, and other working capital investments.
AAR Corp (AIR) reports multiple M&A and financing updates and operational items in this quarterly filing. The company completed acquisitions including Aerostrat for $15.0 million plus up to $5.0 million contingent consideration and Trax for $120.0 million plus up to $20.0 million contingent consideration. Post-closing adjustments reduced one purchase price by $2.9 million, and a $2.1 million gain was recognized related to a shareholder loan and associated transition services.
The company amended its Revolving Credit Facility to increase availability to $825.0 million from $620.0 million, updated covenant leverage thresholds and added higher pricing tiers that raise interest margins if adjusted total debt to EBITDA exceeds 3.75:1.00. Other items disclosed include an ASU on income tax disclosure expected to affect only disclosures, receivables sold under a Purchase Agreement with $49.2 million and $50.9 million of receivables referenced, restricted cash of $3.3 million and $7.4 million collected but not remitted, various charges and reserves (including a $7.8 million revenue reduction and $2.5 million repair reserves), and a CEO 10b5-1 plan to potentially sell up to 61,539 shares between November 5, 2025 and February 2, 2026.