Q4 2026 AAR Corp Earnings Call Transcript
Key Points
- AAR Corp (AIR) reported a 26% growth in adjusted sales, 27% growth in adjusted EBITDA, and 32% growth in adjusted earnings per share for the quarter.
- The company achieved a record high in total sales of $928 million for the quarter, with 13% organic growth.
- AAR Corp (AIR) successfully integrated four acquisitions in 2026, demonstrating effective execution of its growth strategy.
- The company signed an exclusive distribution agreement with Woodward, expanding its support into commercial distribution.
- AAR Corp (AIR) launched Airvoyant, an AI-driven procurement solution, which has generated significant interest and is entering beta testing with launch partners.
- The integration of HAECO Americas is slightly dilutive to near-term margins, impacting segment adjusted EBITDA margins by approximately 130 basis points.
- Sales in the government solutions segment were down 8% year over year, driven by reduced activity on the WASS program.
- Adjusted EBITDA margin in the parts supply segment decreased by 250 basis points due to a one-time gain in the prior year.
- The company faces challenges in the USM market due to constrained asset availability, leading to lower margins.
- The Legacy Commercial Programs segment is expected to wind down over the next three to four years, potentially impacting future sales growth.
Hello, and welcome to AAR fourth-quarter fiscal year 2026 earnings conference call. (Operator Instructions)
I would now like to hand the conference over to Chris Tillett, Vice President of Investor Relations. You may begin.
Good afternoon, everyone, and welcome to AAR fiscal year 2026 fourth-quarter earnings conference call. We're joined today by John Holmes, Chairman, President, and Chief Executive Officer; and Dylan Wolin, Chief Financial Officer.
The presentation we're sharing today as part of this webcast can be found under the Investors section on our corporate website. Comments made during the call will include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.
Accordingly, these statements are no guarantee of future performance. These risks and uncertainties are
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