AAR Corp Parts Supply and Engineering Initiatives
Non-GAAP financial measures
FY23 segment adjusted sales, adjusted operating income and adjusted operating margin
Aviation Expeditionary Corporate/
Repair &
Services
Sales
$1,898.8
Services
$91.8
Contract termination/restructuring & loss provision, net
Adjusted sales
0.1
$1,898.9
$91.8
Other Total Parts Supply Engineering
$0.0 $1,990.5
0.1
$0.0 $1,990.6
$818.4
$533.4
$818.4
$533.4
$546.9
0.1
$547.0
Integrated Expeditionary Corporate/
Solutions Services
Other Total
$91.8
$0.0 $1,990.5
0.1
$91.8
$0.0 $1,990.6
($ in millions)
Operating income
$159.4
$7.7
($33.3)
$133.9
$93.7
$35.3
$30.5
$7.7
($33.3) $133.9
Investigation and remediation costs
-
4.7
4.7
4.7
4.7
Trax acquisition costs
2.0
4.9
7.0
2.0
4.9
7.0
Customer bankruptcy and credit charges
1.5
1.5
1.5
1.5
Government subsidies
(1.6)
(1.6)
(1.6)
(1.6)
Russian bankruptcy court clawback judgement
1.8
1.8
1.8
1.8
Contract termination/restructuring & loss provision, net
2.0
2.0
2.0
2.0
Severance and furlough costs
0.0
0.1
0.1
0.0
0.1
0.1
Costs related to strategic projects
(0.2)
(0.2)
(0.2)
(0.2)
Adjusted operating income
$165.2
$7.7
($23.7)
$149.2
$95.5
$33.7
$36.0
$7.7
($23.7)
$149.2
Adjusted operating margin
8.7%
8.4%
7.5%
11.7%
6.3%
6.6%
8.4%
7.5%
AAR
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