AAR reported first quarter fiscal year 2015 consolidated sales of $469.2m and net income of $14.4m. For the first quarter of the prior fiscal year, the Company reported sales of $514.5m and net income of $17.9m. First quarter sales to commercial customers represented 65% of consolidated sales, compared to 58% of consolidated sales in the first quarter of last year. The balance of the sales was to government and defense customers. Selling, general and administrative expenses declined $2.8m over the prior year period as a result of cost savings measures implemented by the Company over the past several quarters. Net interest expense for the quarter decreased to $9.5m from $10.7m last year. During the quarter, the Company generated $15.0m in cash flow from operations and free cash flow of $6.0m, while adding to its investment in its supply chain businesses. In the first quarter, the Company also paid out dividends to shareholders of $3.0m. Average diluted share count for the quarter was 39.2m compared to 39.0m in the first quarter last year.
Learn more on how AviTrader can expand your market
Please contact
Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada