AAR Corp Parts Supply and Engineering Initiatives
Non-GAAP financial measures
Adjusted diluted earnings per share from continuing operations
Diluted earnings (loss) per share from continuing operations
Deferred tax re-measurement from the Tax Cuts and Jobs Act
Investigation and remediation costs
(Gain) loss on sale/exit of business/asset
Trax acquisition and amortization expenses
Contract termination/restructuring & loss provision, net
Customer bankruptcy and credit charges (recoveries)
Loss (gain) on equity investments
Asset impairment charges
Government subsidies
State income tax benefit
Recognition of previously reserved income tax benefits
Russian bankruptcy court clawback judgement
Facility consolidation and repositioning costs
Severance, furlough & pension settlement costs
FY17 FY18 FY19 FY20 FY21
FY22 FY23
Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23
$1.51 $2.11 $2.40 $0.71
$1.30 $2.16 $2.52
$0.49 $0.57 $0.07
($0.43) ($0.40) $0.41
$0.87 $0.41 $0.31 $0.58 $0.63 $0.66 $0.62 $0.64 $0.62 $0.66
($0.41)
0.08 0.22
(0.08)
0.10 0.07 0.13
0.44 0.04 0.02
0.21
0.07
0.05
0.06
0.04
0.03
0.06
0.01
0.01
0.42
0.02
0.01
0.03
0.03
0.02
0.01
0.02
0.03
0.04
0.04
0.01
0.01
0.06
0.15
0.14
0.27
0.68 0.20
0.04 0.10
0.02 0.04
0.02 0.04
0.01
0.53
0.15
0.05
0.10
0.04
0.04
0.08 (0.03)
0.02
0.14 (0.09) (0.02)
(0.01)
(0.01)
0.05
0.05
0.02
(0.01) 0.05
(0.02)
0.03
0.25 0.15 0.07
(0.06) (1.22) (0.10) (0.05)
0.25
0.13
0.02
0.05
0.01
(0.06) (0.24)
(0.41) (0.53) (0.04) (0.01) (0.05)
0.01
(0.02)
(0.02) (0.02)
(0.03)
(0.06) (0.15)
(0.19)
0.05
0.05
0.02 0.11 0.09 0.01
0.02 0.09 0.01 0.19 0.22 0.07
Gain on settlement of purchase accounting liabilities
Gain on legal settlement
(0.02)
0.11
0.04
0.01
0.04
0.01
0.01
0.02
0.01
0.15
0.13
0.07
0.01
0.02
0.02
0.01
0.02
(0.02)
0.02
(0.09)
Costs related to strategic projects
Tax effect on adjustments (a)
0.01 0.02 0.04
(0.09)
0.01
0.01
0.01
0.04
(0.11)
Adjusted diluted EPS from continuing operations
$1.45 $1.87 $2.44 $2.15 $1.31 $2.38 $2.86
$0.57
$0.64
$0.67
$0.26
$0.17 $0.31 $0.37 $0.47 $0.52
$0.53 $0.63 $0.72
$0.61
$0.69
(0.05) (0.06)
$0.75 $0.83
(a) Calculation uses estimated statutory tax rates on non-GAAP adjustments; began reporting tax effects separately in Q3 FY23
AAR
© 2023 AAR CORP. All rights reserved worldwide.
89View entire presentation