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AAR Corp.(AIR)2026财年第二季度业绩演示材料「NYSE」(英文版)(20页).pdf

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1、 2026 AAR CORP.All rights reserved worldwide.1Second QuarterFiscal Year 2026Earnings CallJanuary 6,2026 2026 AAR CORP.All rights reserved worldwide.2Note:All results and expectations in the presentation reflect continuing operations unless otherwise noted.This presentation contains certain statement

2、s relating to future results,which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995,which reflect managements expectations about future conditions,including,but not limited to,continued demand in the commercial and government aviation mar

3、kets,anticipated activities and benefits under extended,expanded and new services,supply and distribution agreements,contributions from our acquisitions,production efficiencies in our hangars and progress on hangar expansions,continued sales growth,margin expansion,debt management,capital allocation

4、 and expenses.These forward-looking statements are based on the beliefs of Company management,as well as assumptions and estimates based on information available to the Company as of the dates such assumptions and estimates are made,and are subject to certain risks and uncertainties that could cause

5、 actual results to differ materially from historical results or those anticipated,depending on a variety of factors,including:(i)factors that adversely affect the commercial aviation industry;(ii)adverse events and negative publicity in the aviation industry;(iii)a reduction in sales to the U.S.gove

6、rnment and its contractors;(iv)cost overruns and losses on fixed-price contracts;(v)nonperformance by subcontractors or suppliers;(vi)our ability to manage our operational footprint;(vii)a reduction in outsourcing of maintenance activity by airlines;(viii)a shortage of skilled personnel or work stop

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- **业绩亮点**:第二季度销售额增长16%,调整后EBITDA增长23%,调整后每股收益增长31%。 - **新业务**:通过收购ADI和HAECO Americas加强产品供应和维修工程能力。 - **增长机会**:新零件分销业务增长强劲,预计2026年总销售额增长20%-22%。 - **财务状况**:净杠杆降至2.49倍,低于目标2.0x-2.5x。 - **资本分配**:有机投资支持新业务,收购符合战略和财务标准,并计划回购股票。
AAR业绩增长解析" 如何拓展航空维修市场?" 如何平衡增长与回报?"
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