AAR Corp. Reports Net Income of $90.2 Million for the Fiscal Year Ended May 31, 2023
AAR Corp. Achieves Revenue of $1,990.5 Million for the Fiscal Year 2023
AAR Corp.(AIR) and its subsi diaries have released their condensed consolidated financial statements for the three months ended May 31, 2023, and the fiscal year ended May 31, 2023. The unaudited financial data shows notable growth in both revenue and net income compared to the corresponding periods in the previous fiscal year.
Net Income of $90.2 Million for the Fiscal Year Ended May 31, 2023
According to the consolidated statements of income, AAR Corp. reported a net income of $90.2 million for the fiscal year ended May 31, 2023. This represents a significant increase from the net income of $78.7 million recorded in the previous fiscal year. The company's successful performance is attributed to various factors, including growth in sales and effective cost management.
