AAR Corp Parts Supply and Engineering Initiatives
Actions taken have yielded consistent financial improvement
Quarterly Adjusted Operating Margin
7.6% 7.6% 7.8%
6.7% 7.0% 6.9%
6.1%
5.0%
5.2%
5.5%
Aug-19
4.9%
5.6%
5.9%
ill
3.2%
2.5%
4.0%
Nov-19
Feb-20
May-20
Aug-20
Nov-20
Feb-21
May-21
Aug-21
Nov-21
Feb-22
May-22
Aug-22
Nov-22
$0.57
$0.64 $0.67
III
$0.26
$0.17
Quarterly Adjusted EPS
$0.72
$0.69
$0.63
$0.61
$0.52 $0.53
$0.47
$0.37
$0.31
Aug-19
Nov-19
Feb-20
May-20
Aug-20
Nov-20
Feb-21
May-21
Aug-21
Nov-21
Feb-22
May-22
Aug-22
Note: FY ends May 31; Adjusted EPS reflects dilution; figures reflect continuing operations; see Appendix for reconciliation of non-GAAP financial measures
AAR
Feb-23
May-23
✓ Consolidated footprint to
optimize cost base and
preferred customer support
✓ Exited underperforming product
lines and contracts
✓ Reduced selected headcount
$0.75
$0.83
✓ Eliminated non-essential spend
Nov-22
Feb-23
May-23
✓ Used market dislocation and
relative strength to take share
✓ Added differentiated capability
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