AAR Corp. (AIR) · wyniki II kw. 2026 i wycena

Przy wzroście 18,4% rocznie (3-letni wzrost przychodów) wartość godziwa z modelu to $40.01 na akcję — kurs jest o 164% powyżej niej. Obecna cena zakłada wzrost o 29,3% rocznie.

1. Prognoza

   The company expects the HAECO Americas acquisition to reach margins consistent with other airframe businesses because the integration is pacing ahead of schedule.

   Cytat ze źródła

   “As mentioned previously, the integration of the HAECO Americas acquisition is pacing ahead of schedule, and we expect the acquisition to reach margins consistent with our other airframe...”

2. Prognoza

   Air expects total sales growth, excluding the legacy commercial Programs segment, to be 21% to 23% in Q1.

   Cytat ze źródła

   “Specifically, in Q1, we are expecting total sales growth, excluding the legacy commercial Programs segment to be 21% to 23%.”

3. Liczba

   Total sales reached a record $928 million, growing 26% year-over-year with 13% organic growth, indicating an increase in scale and performance.

   Cytat ze źródła

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

4. Słabnie

   Adjusted operating income grew by 31% this quarter, supporting momentum across repair and software platform activities as total sales grew 25%.

   Cytat ze źródła

   “Second, we continued our momentum in the quarter and delivered 25% growth in total sales, 31% growth in adjusted operating... . We saw growth across each of our parts, repair and software platform activities in the quarter.”

Management was more positive answering analysts than in its script — usually a sign it was comfortable with the details it was asked about.

Zdania, które wpłynęły na ton

“The decline in revenue was driven by reduced activity on our WASS program supporting the State Department.”

“And I would say, in particular, driving lower accounts receivable days and greater inventory turns, and we want to continue to make year-over-year progress in those two metrics.”

“And if I think about some of our largest heavy maintenance customers, we could be doing $100 million a year business or more and low single-digit million business on the...”