US defence logistics and aerospace maintenance, repair, and overhaul (MRO) company AAR Corporation announced financial results for the third quarter of its 2018 financial year on 20 March, revealing a 12% rise in sales year on year.
Revenue for the third quarter increased by USD49 million to USD456 million, while the company’s earnings per share was USD0.49 compared with USD0.42 in the third quarter of 2017. Government and defence customers accounted for 23.1% of sales, down from 25.8%.
Chairman and CEO of AAR David P Storch said, “Our strategy of driving sales growth across all of our connected businesses through our best-in-class aviation services is on track.
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