AAR Corp Files 2024 Annual Report
Ticker: AIR · Form: 10-K · Filed: 2024-07-19T00:00:00.000Z
Sentiment: neutral
Topics: 10-k, annual-report, aerospace
TL;DR
AAR Corp's 2024 10-K is in. Check financials for aircraft parts giant.
AI Summary
AAR Corp filed its 10-K for the fiscal year ending May 31, 2024, reporting on its operations in the aircraft and parts industry. The company, formerly known as Allen Aircraft Radio Inc., is incorporated in Delaware and headquartered in Wood Dale, Illinois. Key financial details and operational segments are outlined within the extensive filing.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of AAR Corp's financial health, strategic direction, and risks for the fiscal year 2024.
Risk Assessment
Risk Level: medium — 10-K filings are standard for public companies, but the complexity and industry-specific details can present risks.
Key Numbers
- $1.00 — Par Value of Common Stock (Details on the company's common stock structure.)
- 7,500,000 — Shares Authorized (Indicates the total number of shares the company is authorized to issue.)
- 16,300,000 — Shares Outstanding (Represents the number of shares currently held by investors.)
Key Players & Entities
- AAR CORP (company) — Filer
- Allen Aircraft Radio Inc. (company) — Former Company Name
- Wood Dale, IL (location) — Headquarters
- 0531 (date) — Fiscal Year End
- 20240531 (date) — Report Period End Date
FAQ
What were AAR Corp's total revenues for the fiscal year ending May 31, 2024?
The provided text does not explicitly state the total revenues for the fiscal year ending May 31, 2024. Further review of the full 10-K document is required.
What is AAR Corp's primary industry classification?
AAR Corp's primary industry classification is 'AIRCRAFT & PARTS' with the SIC code 3720.
When did AAR Corp change its name from Allen Aircraft Radio Inc.?
AAR Corp changed its name from Allen Aircraft Radio Inc. on February 4, 1970.
What is the par value of AAR Corp's common stock?
The par value of AAR Corp's common stock is $1.00.
What are the key dates associated with the Additional Paid-In Capital disclosures?
The filing references periods ending May 31, 2022, and May 31, 2023, for Additional Paid-In Capital, with specific reporting dates of June 1, 2022, and June 1, 2021.
From the Filing
0001104659-24-080890.txt : 20240719 0001104659-24-080890.hdr.sgml : 20240719 20240718174323 ACCESSION NUMBER: 0001104659-24-080890 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 109 CONFORMED PERIOD OF REPORT: 20240531 FILED AS OF DATE: 20240719 DATE AS OF CHANGE: 20240718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AAR CORP CENTRAL INDEX KEY: 0000001750 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT & PARTS [3720] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 362334820 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06263 FILM NUMBER: 241125611 BUSINESS ADDRESS: STREET 1: 1100 N WOOD DALE RD CITY: WOOD DALE STATE: IL ZIP: 60191 BUSINESS PHONE: 6302272000 MAIL ADDRESS: STREET 1: 1100 N WOOD DALE RD CITY: WOOD DALE STATE: IL ZIP: 60191 FORMER COMPANY: FORMER CONFORMED NAME: ALLEN AIRCRAFT RADIO INC DATE OF NAME CHANGE: 19700204 10-K 1 air-20240531x10k.htm FORM 10K Common Stock, $1.00 par value AIR 0000001750 --05-31 2024 FY Common Stock, $1.00 par value AIR 7500000 P1Y P1Y P1M P3Y P10Y P3Y P10Y 16300000 16300000 16300000 0.267 P1Y P6Y4M24D P5Y6M 89100000 78100000 35400000 http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense 0 http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent 4 false 0000001750 air:UsGovernmentContractMember air:UnbilledReceivablesMember 2024-05-31 0000001750 air:AllOtherCustomersMember air:UnbilledReceivablesMember 2024-05-31 0000001750 air:UsGovernmentContractMember air:UnbilledReceivablesMember 2023-05-31 0000001750 air:AllOtherCustomersMember air:UnbilledReceivablesMember 2023-05-31 0000001750 us-gaap:AdditionalPaidInCapitalMember 2022-06-01 2023-05-31 0000001750 us-gaap:AdditionalPaidInCapitalMember 2021-06-01 2022-05-31 0000001750 us-gaap:TreasuryStockCommonMember 2024-05-31 0000001750 us-gaap:RetainedEarningsMember 2024-05-31 0000001750 us-gaap:CommonStockMember 2024-05-31 0000001750 us-gaap:AdditionalPaidInCapitalMember 2024-05-31 0000001750 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-05-31 0000001750 us-gaap:TreasuryStockCommonMember 2023-05-31 0000001750 us-gaap:RetainedEarningsMember 2023-05-31 0000001750 us-gaap:CommonStockMember 2023-05-31 0000001750 us-gaap:AdditionalPaidInCapitalMember 2023-05-31 0000001750 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-05-31 0000001750 us-gaap:TreasuryStockCommonMember 2022-05-31 0000001750 us-gaap:RetainedEarningsMember 2022-05-31 0000001750 us-gaap:CommonStockMember 2022-05-31 0000001750 us-gaap:AdditionalPaidInCapitalMember 2022-05-31 0000001750 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-05-31 0000001750 us-gaap:TreasuryStockCommonMember 2021-05-31 0000001750 us-gaap:RetainedEarningsMember 2021-05-31 0000001750 us-gaap:CommonStockMember 2021-05-31 0000001750 us-gaap:AdditionalPaidInCapitalMember 2021-05-31 0000001750 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-05-31 0000001750 us-gaap:RevolvingCreditFacilityMember air:RevolvingLineOfCreditFacilityExpiringDecember2027Member 2024-05-31 0000001750 us-gaap:RevolvingCreditFacilityMember air:RevolvingLineOfCreditFacilityExpiringDecember2027Member 2023-05-31 0000001750 us-gaap:RevolvingCreditFacilityMember air:RevolvingLineOfCreditFacilityExpiringDecember2027Member 2022-05-31 0000001750 us-gaap:EmployeeStockOptionMember 2021-05-31 0000001750 us-gaap:EmployeeStockOptionMember 2023-05-31 0000001750 us-gaap:EmployeeStockOptionMember 2022-05-31 0000001750 air:StockPlan2013Member 2024-05-31 0000001750 us-gaap:EmployeeStockOptionMember 2022-06-01 2023-05-31 0000001750 us-gaap:EmployeeStockOptionMember 2021-06-01 2022-05-31 0000001750 us-gaap:RestrictedStockMember 2023-05-31 0000001750 air:TimeBasedRestrictedStockMember us-gaap:ShareBasedPaymentArrangementEmp