AAR reports 3Q results
AAR reported sales of $309.6m and net income of $9.9m for the third quarter of fiscal year 2010, ending February 28, 2010.
These results were unfavorably impacted by $0.10 per diluted share as a result of a customer bankruptcy, according to the company. For the third quarter of last fiscal year, the company reported sales of $338.8m and net income of $17.2m. Sales to defense and government customers were down one per cent year-over-year, and represented 48 per cent of total sales, while sales to commercial customers declined 15 per cent.
