AAR rises after Q1 results beat estimates

AAR

29/09/2026 11:49

** Shares of aviation aftermarket services provider AAR AIR.N rise ~7% to $123 premarket
** AAR on Monday reports Q1 adjusted earnings per share of $1.49, compared to $1.08 a year ago
** Sees annual sales growth in the low teens, compared with its previous forecast of low double-digit to low-teen growth
** Co also says it is acquiring a 65% controlling interest in aircraft maintenance company MRO Holdings for about $1.8 billion
** Transaction expected to close in AAR's fiscal third quarter ending February 2027
** Co to pay a termination fee of $100 million or $150 million if the deal is terminated due to a failure to obtain competition approval, according to SEC filings
** Median PT of 8 brokerages covering the stock is $145 - data compiled by LSEG
** As of last close, stock up ~40% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)
 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))