WOOD DALE, Ill. (AP) — WOOD DALE, Ill. (AP) — AAR Corp. (AIR) on Monday reported fiscal first-quarter net income of $18 million, after reporting a loss in the same period a year earlier.
The Wood Dale, Illinois-based company said it had net income of 50 cents per share. Earnings, adjusted for non-recurring costs, came to 85 cents per share.
The airplane maintenance company posted revenue of $661.7 million in the period.
AAR shares have increased 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $69.10, an increase of 15% in the last 12 months.
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