AIR · AAR Corp. Q4 FY2026 earnings call record财报电话会记录

“We delivered 26% growth in adjusted sales, 27% growth in adjusted EBITDA, and 32% growth in adjusted earnings per share for the period.”

“Looking at slide four, total sales in the quarter were a record $928 million and grew 26% year-over-year, including 13% organic growth.”

“Sales to commercial customers were up 31%, while sales to government customers were up 5% over the same period last year.”

“Adjusted EBITDA grew 24% for the full year, while margins were up 30 basis points to 12.1%, or 12.7% excluding our Legacy Commercial Programs segment.”

“The acquisition had an approximately 130-basis point impact on segment Adjusted EBITDA margins in the quarter.”

“Segment margins were also impacted in the quarter by approximately 90 basis points by certain costs in our component MRO operations that we do not expect to continue going forward.”

“The other government programs, along with the greater Mobility volumes, drove the segment margin expansion in the quarter.”

“Adjusted operating cash as a percentage of Adjusted EBITDA was 50% for the quarter and 24% for the full year, demonstrating meaningful progress toward our long-term target of 30% plus.”

“Commercial passenger volumes have been resilient despite higher ticket prices, and the elevated aircraft fleet age continues to drive demand for our core Parts Supply and repair offerings.”

“The volumes and the demand from the customers has been relatively consistent on the commercial side for the last several quarters.”

“We are encouraged by the demand patterns that we're seeing out of our government customers, most notably the DLA.”

“From a margin perspective, Mobility Systems, which is obviously a smaller part of that segment, had strong margin performance as a function of mix shift towards pallets, which we've talked about being in high demand in the current environment.”