Aug 2026 (Q1 FY27) — Sep 29, 2026
AAR Corp. Q1 FY27 — Strong Start and Transformative MRO Holdings Acquisition
Read the full callAAR earnings: last reported Tue, 29 Sep 2026, for the quarter ended Aug 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 918 | +24.1% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Aug 2026 | Not in the filed figures for the quarter to aug 2026. No older figure is substituted. | ||
| Net profit | 40.1 | +16.6% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Guidance
20 of 23 judged targets kept · 17 open · verdicts reflect calls analysed to Aug 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA margin, excluding legacy commercial programs | 12.25% to 12.75% | May 2026 | Excluding legacy commercial programs, adjusted EBITDA margin was 13.3%, already within the 3-year target range that we established at our Investor Day a few months ago in May. | Achieved |
| Hangar capacity expansion completion | begin operation | Aug 2024 | Ghosted | |
| Total sales growth, excluding legacy commercial programs | low double digits to low teens | May 2026 | For the full year, we are increasing our sales outlook and now expect growth excluding LCP in the low teens. | Revised Up |
3 of AAR CORP's 40 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 37 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $81.33 on 22 Oct 2025 → $95.25. High $153.71 (17 Aug 2026), low $77.35 (20 Nov 2025).
Overview
Guidance
20 of 23 judged targets kept · 17 open · verdicts reflect calls analysed to Aug 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA margin, excluding legacy commercial programs | 12.25% to 12.75% | May 2026 | Excluding legacy commercial programs, adjusted EBITDA margin was 13.3%, already within the 3-year target range that we established at our Investor Day a few months ago in May. | Achieved |
| Hangar capacity expansion completion | begin operation | Aug 2024 | Ghosted | |
| Total sales growth, excluding legacy commercial programs | low double digits to low teens | May 2026 | For the full year, we are increasing our sales outlook and now expect growth excluding LCP in the low teens. | Revised Up |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 40 tracked commitments, with each call’s wording and source.
Call summaries
AAR Corp. Q1 FY27 — Strong Start and Transformative MRO Holdings Acquisition
Read the full callAAR Corp. Q4 FY26 — Strong Organic Growth and Margin Expansion Driven by Parts, Repair, and Software
Read the full callAAR Corp. Q3 FY26 — Strong Growth Across Segments, HAECO Integration Ahead of Schedule
Read the full callNews
From the news desk, item by item, hours after each call.
Every analysed call
Financials
Net profit, year on year: +17% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 686 | 678 | 755 | 740 | 795 | 845 | 928 | 918 |
| Interest | 19 | 19 | 19 | 19 | 19 | 18 | 17 | 17 |
| Profit before tax | -22 | -11 | 48 | 47 | 48 | 93 | 58 | 55 |
| Tax rate | −36.0% | 19.8% | 28.6% | 26.8% | 28.1% | 27.0% | 12.1% | 27.6% |
| Net profit | -31 | -9 | 34 | 34 | 35 | 68 | 51 | 40 |
| EPS ($ per share) | -0.87 | -0.25 | — | 0.96 | 0.91 | 1.72 | — | 1.01 |
| Line item | May 2019 | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 49 |
| Reserves | 710 | 706 | 742 | 820 | 911 | 957 | 969 | 1,157 |
| Total liabilities | 611 | 1,176 | 565 | 539 | 734 | 1,580 | 1,633 | 1,652 |
| Fixed assets | 133 | 136 | 120 | 110 | 126 | 172 | 159 | 167 |
| Total assets | 1,517 | 2,079 | 1,540 | 1,574 | 1,833 | 2,770 | 2,845 | 3,356 |
| Line item | May 2019 | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 67 | -36 | 105 | 75 | 23 | 44 | 36 | 99 |
| Cash from investing | -19 | -25 | -0 | -16 | -138 | -758 | 11 | -309 |
| Cash from financing | -49 | 445 | -469 | -60 | 138 | 729 | -34 | 209 |
| Net cash flow | -0 | 384 | -364 | -1 | 23 | 14 | 13 | -1 |
| Capital expenditure | -17 | -24 | -11 | -17 | -29 | -30 | -35 | -37 |
| Free cash flow | 50 | -60 | 94 | 58 | -6 | 14 | 1 | 62 |
| Segment | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Aviation Services | — | — | — | 100% | 100% | 100% | — | 100% | +24.1% |
| Parts Supply | 40% | 40% | 40% | 43% | 44% | 46% | 46% | 45% | +30.5% |
| Repair Engineering and Software | — | — | — | — | — | — | — | 32% | — |
| Government Solutions | — | — | — | — | — | — | — | 15% | — |
| Legacy Commercial Programs | — | — | — | — | — | — | — | 7% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Q1 FY2027 · share of revenue
As AIR cuts its regions in its filings; they can nest, so they need not add to 100%.
77 filings between Nov 5, 2025 and Oct 20, 2026.
Purchases
None
No insider bought shares.
Sales
$27.12M
23 sales by 7 insiders
4% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 1 gift.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Holmes John McClain III | — | $21.37M | Mar 27, 2026 |
| Jessup Christopher A. | — | $2.29M | Jan 9, 2026 |
| Flanagan Sarah Louise | — | $1.17M | Feb 4, 2026 |
| Garascia Jessica A. | — | $1.16M | Mar 26, 2026 |
| Pachapa Eric | — | $527.9K | Jan 22, 2026 |
| Lord Ellen M. | — | $425.1K | Oct 20, 2026 |
| Nolen Billy | — | $173.4K | Mar 26, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 20, 2026 | Lord Ellen M. Director | Sale | 4,241 | $425.1K |
| Jul 31, 2026 | Garascia Jessica A. Senior VP, GC, CAO & Secretary | Tax withheld | 5,635 | $789.1K |
| Jul 31, 2026 | Holmes John McClain III Chairman, President & CEO | Tax withheld | 6,220 | $871.0K |
| Jul 31, 2026 | Garascia Jessica A. Senior VP, GC, CAO & Secretary | Tax withheld | 1,028 | $144.0K |
| Jul 31, 2026 | Pachapa Eric VP-CAO & Controller | Tax withheld | 3,365 | $471.2K |
| Jul 31, 2026 | Jessup Christopher A. Senior Vice President-CCO | Tax withheld | 7,098 | $994.0K |
| Jul 31, 2026 | Holmes John McClain III Chairman, President & CEO | Tax withheld | 34,143 | $4.78M |
| Jul 31, 2026 | Jessup Christopher A. Senior Vice President-CCO | Tax withheld | 1,294 | $181.2K |
| Jul 31, 2026 | Pachapa Eric VP-CAO & Controller | Tax withheld | 614 | $86.0K |
| Jul 23, 2026 | Holmes John McClain III Chairman, President & CEO | Award | 161,500 | $0 |
| Jul 23, 2026 | Holmes John McClain III Chairman, President & CEO | Award | 30,123 | $0 |
| Jul 23, 2026 | Holmes John McClain III Chairman, President & CEO | Award | 20,082 | $0 |
| Jul 23, 2026 | Pachapa Eric VP-CAO & Controller | Award | 1,390 | $0 |
| Jul 23, 2026 | Jessup Christopher A. Senior Vice President-CCO | Award | 5,360 | $0 |
| Jul 23, 2026 | Wolin Dylan Zachary Senior VP & CFO | Award | 5,793 | $0 |
| Jul 23, 2026 | Wolin Dylan Zachary Senior VP & CFO | Award | 3,862 | $0 |
| Jul 23, 2026 | Pachapa Eric VP-CAO & Controller | Award | 2,086 | $0 |
| Jul 23, 2026 | Garascia Jessica A. Senior VP, GC, CAO & Secretary | Award | 5,191 | $0 |
| Jul 23, 2026 | Garascia Jessica A. Senior VP, GC, CAO & Secretary | Award | 3,460 | $0 |
| Jul 23, 2026 | Jessup Christopher A. Senior Vice President-CCO | Award | 8,041 | $0 |
| Jul 14, 2026 | Holmes John McClain III Chairman, President & CEO | Award | 34,956 | $0 |
| Jul 14, 2026 | Garascia Jessica A. Senior VP, GC, CAO & Secretary | Award | 4,807 | $0 |
| Jul 14, 2026 | Pachapa Eric VP-CAO & Controller | Award | 3,445 | $0 |
| Jul 14, 2026 | Jessup Christopher A. Senior Vice President-CCO | Award | 7,267 | $0 |
| Jun 1, 2026 | Lord Ellen M. Director | Award | 1,364 | $0 |
| Jun 1, 2026 | DIETRICH JOHN W Director | Award | 1,364 | $0 |
| Jun 1, 2026 | PACE PETER Director | Award | 1,364 | $0 |
| Jun 1, 2026 | LEDUC ROBERT F Director | Award | 1,364 | $0 |
| Jun 1, 2026 | Edwards Jeffrey N Director | Award | 1,364 | $0 |
| Jun 1, 2026 | VOGEL JENNIFER L Director | Award | 1,364 | $0 |
| Jun 1, 2026 | Boyce Michael Ross Director | Award | 1,364 | $0 |
| Jun 1, 2026 | WALFISH MARC JAY Director | Award | 1,364 | $0 |
| Mar 27, 2026 | Holmes John McClain III Chairman, President & CEO | Option exercise | 23,950 | $903.9K |
| Mar 27, 2026 | Holmes John McClain III Chairman, President & CEO | Option exercise | 2,225 | $83.8K |
| Mar 27, 2026 | Holmes John McClain III Chairman, President & CEO | Sale | 23,950 | $2.58M |
| Mar 27, 2026 | Holmes John McClain III Chairman, President & CEO | Sale | 2,225 | $239.4K |
| Mar 26, 2026 | Holmes John McClain III Chairman, President & CEO | Option exercise | 60,000 | $2.26M |
| Mar 26, 2026 | Garascia Jessica A. Senior VP, GC, CAO & Secretary | Option exercise | 1,778 | $103.6K |
| Mar 26, 2026 | Garascia Jessica A. Senior VP, GC, CAO & Secretary | Sale | 2,138 | $239.9K |
| Mar 26, 2026 | Garascia Jessica A. Senior VP, GC, CAO & Secretary | Option exercise | 2,138 | $143.3K |
| Mar 26, 2026 | Garascia Jessica A. Senior VP, GC, CAO & Secretary | Sale | 1,778 | $199.5K |
| Mar 26, 2026 | Holmes John McClain III Chairman, President & CEO | Sale | 60,000 | $6.74M |
| Mar 26, 2026 | Garascia Jessica A. Senior VP, GC, CAO & Secretary | Sale | 2,368 | $265.7K |
| Mar 26, 2026 | Garascia Jessica A. Senior VP, GC, CAO & Secretary | Option exercise | 2,368 | $99.2K |
| Mar 26, 2026 | Wolin Dylan Zachary Senior VP & CFO | Award | 7,580 | $0 |
| Mar 26, 2026 | Nolen Billy Director | Sale | 1,562 | $173.4K |
| Feb 4, 2026 | Flanagan Sarah Louise Interim CFO VP Fin Ops | Option exercise | 10,750 | $404.8K |
| Feb 4, 2026 | Flanagan Sarah Louise Interim CFO VP Fin Ops | Sale | 10,750 | $1.17M |
| Feb 3, 2026 | Holmes John McClain III Chairman, President & CEO | Gift | 2,000 | $0 |
| Feb 3, 2026 | Holmes John McClain III Chairman, President & CEO | Sale | 10,000 | $1.08M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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