NYSE:AIRAerospace & Defense
Why AAR (AIR) Is Up 12.6% After Surging Revenue and Sold-Out New MRO Capacity
AAR recently reported a past quarter in which revenue rose 25.3% year on year, beating analysts’ estimates for both revenue and adjusted operating income, as management pointed to robust momentum across the business including 14% organic adjusted sales growth.
At the same time, AAR has been expanding its Maintenance, Repair, and Overhaul footprint with fully booked hangar additions in Oklahoma City and Miami, while institutional ownership has climbed to very high levels, underscoring rising...