AAR reports robust FY2026 results with margin expansion and 2027 guidance
Jul 21, 2026, 4:10 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Material beat on Q4 and solid FY2027 guidance; improved margins and leverage within target range; acquisitions and synergies support higher cash flow and growth visibility; non-GAAP metrics presented but reconciled; risk is execution of integration and successful wind-down of Legacy Programs.
AI summary
What happened, with direct paths to the underlying reporting
AAR Corp. delivered a strong FY2026 with Q4 sales of $928M, up 23% year over year, and adjusted EBITDA of $116M for the quarter; full-year EBITDA was $401M with a 12.1% margin. The company realigned operating segments, began winding down Legacy Commercial Programs, and cited acquisition synergies, including HAECO Americas integration. Guidance for FY2027 calls for 21–23% organic sales growth ex-LCP and 12.25–12.75% EBITDA margin, signaling durable margin expansion and improved cash flow into 2027.
Q4 FY2026 sales $928M, up 23% YoY.
FY2026 adjusted EPS $5.05; EBITDA $401M; margins rise to 12.1%.
Segment realignment; wind-down of Legacy Commercial Programs.
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