AAR Corp. (AIR) Thursday reported first-quarter net income of $11.5 million or $0.32 per share, compared to loss of $14.5 million or $0.42 per share last year.
Adjusted earnings from continuing operations in the quarter were $0.52 per share, up from $0.17 per share last year.
Sales dropped to $455.1 million from $400.8 million last year.
Analysts polled by Thomson Reuters estimated earnings of $0.48 per share on revenues of $438.39 million for the quarter. Analysts' estimates typically exclude one-time items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.