) announced preliminary results for fiscal first quarter of 2013,
ended August 31, 2012.
The company anticipates consolidated sales for the fiscal first
quarter to be between $540 million to $550 million compared with
sales of $485.5 million in the first quarter of fiscal 2012.
Diluted earnings per share are expected to range between 42 cents
and 45 cents. The company reported diluted earnings per share of 41
cents a year ago. Management also stated that there were no
aircraft sales in the fiscal first quarter 2013 compared to two in
fiscal first quarter 2012.
Consolidated sales from the commercial segment are expected to
be 58% of the total revenue, whereas, sales to government and
defense customers are estimated to be around 42%.
Additionally, sales to commercial customers are anticipated to
increase approximately 40%, including 13% organic growth. The
remaining 60% of the commercial sales growth is expected to be
generated from Telair and Nordisk acquisition in December 2011. The
contributions of these businesses are anticipated to be in line
with management's expectations.
However, revenue from government and defense segment are
expected to remain in line with the fiscal first quarter of 2012
The company expects to release its fiscal first quarter 2013
results after the market closes on September 19, 2012.
Based in Wood Dale, Illinois, AAR Corp. provides various
products and services to the aviation and defense industries
worldwide. The company operates in four segments: Aviation Supply
Chain; Maintenance, Repair, and Overhaul; Structures and Systems;
and Government & Defense Services. The company competes
directly with as the likes of
Lockheed Martin Corporation
We are maintaining a Neutral recommendation on the stock.
Currently, AIR has a Zacks #2 Rank, which translates into a
short-term (1-3 months) Buy rating.
AAR CORP (AIR): Free Stock Analysis Report
BOEING CO (BA): Free Stock Analysis Report
(GR): ETF Research Reports
LOCKHEED MARTIN (LMT): Free Stock Analysis
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