AAR Corp Parts Supply and Engineering Initiatives
Non-GAAP financial measures
Adjusted sales, adjusted operating income and adjusted operating margin
($ in millions)
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
Sales
$541.5
$560.9
Contract termination/restructuring & loss provision, net
Customer bankruptcy charge
$553.1
9.8
$416.5
7.5
$400.8
1.9
$403.6
Adjusted sales
$541.5
$560.9
$562.9
$424.0
$402.7
(2.3)
0.4
$401.7
$410.3
1.5
$437.6
(2.4)
$455.1
1.0
$436.6
(2.5)
$452.2
(0.2)
$476.1
(1.2)
$446.3
0.1
$469.8
$521.1
$553.3
$411.8
$435.2
$456.1
$434.1
$452.0
$474.9
$446.4 $469.8 $521.1
$553.3
Operating income
Investigation and remediation costs
Trax acquisition costs
Customer bankruptcy and credit charges
Government subsidies
Facility consolidation and repositioning costs
Russian bankruptcy court clawback judgement
Contract termination/restructuring & loss provision, net
Asset impairment and exit charges
Severance and furlough costs
Costs related to strategic projects
Adjusted operating income
Adjusted operating margin
AAR
$22.8
3.1
$28.1
2.4
$5.3
2.7
($14.9)
$3.2
$21.6
$39.7
$20.7
$15.1
$30.1
$30.3
1.8
1.3
2.8
0.3
0.2
0.8
1.6
$31.4
1.1
$31.2
0.8
$32.4
$34.0
$36.3
1.1
1.2
1.6
1.9
5.1
1.6
0.2
1.3
1.0
2.4
1.0
(0.3)
1.8
(2.8)
(11.1) (18.7)
(24.6)
(1.8)
(0.3)
(2.5)
(1.0)
(1.1)
(0.7)
(0.9)
4.9
2.0
0.4
2.1
0.1
0.1
-
24.7
6.6
2.2
4.5
4.0
(1.4)
6.7
(4.4)
(1.1)
(0.3)
.
1.8
(0.3)
2.3
-
11.0
5.8
1.2
-
2.3
0.6
0.5
0.1
0.7
0.9
0.5
5.0
6.0
2.2
0.1
0.7
0.9
0.8
0.2
0.1
0.1
0.4
0.3
0.7
1.8
(0.2)
$26.6
$31.4
$33.2
$13.6
$9.9
$16.0
$20.5
$22.7
$25.0
$26.5
$30.5
$33.1
$30.9
$35.5
$39.8
$43.0
4.9%
5.6%
5.9%
3.2%
2.5%
4.0%
5.0%
5.2%
5.5%
6.1%
6.7%
7.0%
6.9%
7.6%
7.6%
7.8%
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