AIR at a glance
AAR CORP (AIR, SEC CIK 1750) filed its latest 10-K annual report on July 22, 2026, a 10-Q quarterly report on September 29, 2026, an 8-K current report on September 29, 2026 and Form 4 insider filings as recently as September 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended May 31, 2026 (FY2026), AAR CORP (AIR) reported revenue of $3.3 billion (up 19.0% from FY2025) and net income of $187.7 million. Diluted EPS was $4.86.
- As of June 30, 2026, 34 institutional investment managers tracked by SignalX reported holding AAR CORP (AIR) shares worth $3.1 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2026
- $3.3B
- +19.0% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 34 funds
- $3.1B · +2 vs prior quarter
- Latest 8-K
- Sep 29, 2026
- Item 7.01 · Item 3.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended May 31, 2026
Risk Factors
- DoC Section 232 investigation on commercial aircraft and parts imports may materially impact company operations
- Russia-Ukraine and Middle East conflicts causing jet fuel price increases impacting airline customers and demand
- Dependence on key suppliers risks product supply disruptions and price hikes threatening margins
- Competition from OEMs and airline-owned MRO operations with greater resources and integrated service bundles
- $900M debt outstanding with restrictive covenants limiting financial flexibility and increasing vulnerability to economic downturns
Business Overview
- Core business: Independent provider of global aviation aftermarket solutions including parts distribution, MRO, engineering, and software services
- New operating segments: Government Solutions and Legacy Commercial Programs split from Integrated Solutions; Repair segment renamed Repair, Engineering, and Software
- Strategic shift: Multi-year wind-down of Legacy Commercial Programs due to poor capital return; focus on higher-margin parts distribution and software platforms
- Acquisitions: Four in fiscal 2026 totaling $270.1M, including ADI ($137.1M) for electronic components and HAECO Americas ($78.0M) expanding North American MRO footprint
- Sales growth: Consolidated sales up 19.0% ($527.5M), driven by 20.6% jump in commercial parts distribution including $82.2M from ADI and $131.1M from HAECO acquisition
Management Discussion & Analysis
- Revenue $3,308.0M, up 19.0% YoY; Commercial sales $2,384.1M (+20.6%), Government sales $923.9M (+14.9%)
- Operating income increased 50.0% to $278.1M; consolidated gross margin stable at 18.8% vs 19.0% prior year
- Best segment: Parts Supply sales $1,487.7M (+35.3%), operating income $186.2M (+18.8%), margin 12.5% vs 14.3%; worst: Legacy Commercial Programs sales $237.2M (-6.8%), operating income $0M vs $8.6M, margin 0% vs 3.4%
- Cash from operations $98.7M vs $36.1M prior year; investing cash flow -$308.7M due to acquisitions; financing cash flow +$208.6M including $273.9M stock offering, $350M debt issuance; no share repurchases in 2026
- Management plans 3-4 year Legacy Commercial Programs exit; focusing on high-margin parts distribution, repair, software growth; risks include integration and market uncertainties
AI summary of the AIR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Aug 31, 2026
Management Discussion & Analysis
- Revenue $918.0M, up 24.1% YoY from $739.6M, led by commercial sales growth of 28.2%
- Consolidated gross margin 19.2% vs 18.1% YoY; SG&A ratio 11.7% vs 9.7%
- Best segment Parts Supply revenue $414.8M, up 30.5%; operating margin 13.3% vs 12.9%
- Worst segment Repair, Engineering, and Software margin 5.4% vs 8.8%; operating income down 20.0% to $16.0M
- Operating cash flow $55.8M vs $(44.9)M YoY; cash $104.5M; MRO Holdings acquisition planned for approximately $3.0B, closing expected fiscal 2027 Q3
Risk Factors
- New acquisition risk: pending 65% MRO Holdings purchase may face unmet closing conditions or termination
- Material transaction risk: delayed closing could cause additional costs, lost revenue, and uncertainty-related stakeholder reactions
- Regulatory and legal risk: Acquisition-related proceedings could impose damages or injunctions blocking completion
- Operational integration risk: MRO Holdings integration may divert management and prevent anticipated synergies
- Financial risk: additional Acquisition debt could weaken financial flexibility and increase financing dependence
AI summary of the AIR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Forward-looking disclosure tied to PIPE Offering and MRO Panama Acquisition
- Acquisition completion depends on financing, regulatory approvals, closing conditions, and potential termination rights
Item 3.02: Unregistered Sales of Equity Securities
- Item 3.02 indicates an unregistered securities transaction involving AAR CORP
- Exhibit language disclaims any offer to sell or solicitation to buy Company securities
Item EX-99.1: Item EX-99.1
- Definitive agreement to acquire 65% of MRO Holdings at $4.0B implied enterprise value, creating a transformational aftermarket expansion
- Adds approximately $1.0B revenue, $285M adjusted EBITDA, and 27% adjusted EBITDA margin based on calendar 2026 expectations
Item 2.02: Results of Operations and Financial Condition
- Section 2.02 filing provides only liability and incorporation-by-reference disclosures
Item EX-99.1: Item EX-99.1
- Q1 FY2027 sales rose 24% to $918.0M, with organic growth of 10.8%, signaling broad-based aftermarket demand
- Adjusted EPS increased 38% to $1.49 and adjusted EBITDA rose 34% to $116.5M
Item 5.07: Submission of Matters to a Vote of Security Holders
- 93% shareholder participation, with 37,391,244 of 40,258,840 shares represented
- John W. Dietrich, Robert F. Leduc, and Peter Pace elected to three-year director terms ending 2029
AI summaries of AIR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for AIR
Don't miss the next AIR filing
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- Fund moves. Which tracked funds opened, added or cut AIR, by share count.
- Ask anything. An AI agent that reads every AIR filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| LEDUC ROBERT F | A | Aug 31, 2026 | 122 | $129.29 |
| WALFISH MARC JAY | A | Aug 31, 2026 | 300 | $129.29 |
| Garascia Jessica A. | F | Jul 31, 2026 | 1,028 | $140.04 |
| Holmes John McClain III | F | Jul 31, 2026 | 6,220 | $140.04 |
| Pachapa Eric | F | Jul 31, 2026 | 614 | $140.04 |
| Garascia Jessica A. | F | Jul 31, 2026 | 5,635 | $140.04 |
| Jessup Christopher A. | F | Jul 31, 2026 | 7,098 | $140.04 |
| Jessup Christopher A. | F | Jul 31, 2026 | 1,294 | $140.04 |
Financial SummaryXBRL
| Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $2.8B | $3.3B |
| Gross Profit | $442.3M | $527.7M | $622.0M |
| Net Income | $46.3M | $12.5M | $187.7M |
| Gross Margin | - | 19.0% | 18.8% |
| Net Margin | - | 0.4% | 5.7% |
| Balance Sheet | |||
| Total Assets | - | $2.8B | $3.4B |
| Equity | - | $1.2B | $1.7B |
| ROE | - | 1.0% | 11.0% |
| Per Share | |||
| EPS | - | $0.35 | $4.86 |
| Cash Flow | |||
| Operating CF | $43.6M | $36.1M | $98.7M |
| CapEx | $29.7M | $34.7M | $36.6M |
Source: XBRL data in AAR CORP (AIR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate AIR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 34 | $3.06B |
| Q1 2026 | 32 | $2.27B |
| Q4 2025 | 29 | $1.56B |
| Q3 2025 | 30 | $1.78B |
| Q2 2025 | 30 | $1.39B |
| Q1 2025 | 28 | $818.2M |
| Q4 2024 | 23 | $844.6M |
| Q3 2024 | 21 | $637.8M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 227 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
AIR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 29, 2026 | - | Analysis | - |
| 10-Q | Sep 29, 2026 | Aug 31, 2026 | Analysis | |
| 8-K | Sep 28, 2026 | - | Analysis | - |
| 8-K | Sep 24, 2026 | - | Analysis | - |
| 4 | Sep 1, 2026 | - | - | - |
| 4 | Sep 1, 2026 | - | - | - |
| 4 | Aug 3, 2026 | - | - | - |
| 4 | Aug 3, 2026 | - | - | - |
| 4 | Aug 3, 2026 | - | - | - |
| 4 | Aug 3, 2026 | - | - | - |
| 4 | Jul 24, 2026 | - | - | - |
| 4 | Jul 24, 2026 | - | - | - |
| 4 | Jul 24, 2026 | - | - | - |
| 4 | Jul 24, 2026 | - | - | - |
| 4 | Jul 24, 2026 | - | - | - |
| 8-K | Jul 24, 2026 | - | Analysis | - |
| 10-K | Jul 22, 2026 | May 31, 2026 | Analysis | |
| 8-K | Jul 21, 2026 | - | Analysis | - |
| 4 | Jul 15, 2026 | - | - | - |
| 4 | Jul 15, 2026 | - | - | - |
| 4 | Jul 15, 2026 | - | - | - |
| 4 | Jul 15, 2026 | - | - | - |
| 4 | Jun 1, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 8-K | May 12, 2026 | - | Analysis |
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AIR SEC filings: frequently asked questions
Which institutions hold AIR stock?
As of June 30, 2026, the largest AAR CORP (AIR) holders among the 13F filers tracked by SignalX were BlackRock ($925.1 million), State Street Corp ($405.1 million), Vanguard Portfolio Management LLC ($311.9 million), Dimensional Fund Advisors ($276.4 million), Vanguard Capital Management LLC ($245.6 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was AIR's revenue in fiscal year 2026?
For the fiscal year ended May 31, 2026 (FY2026), AAR CORP (AIR) reported revenue of $3.3 billion (up 19.0% from FY2025) and net income of $187.7 million. Diluted EPS was $4.86. The figures come from the XBRL data in the 10-K.
What are the main risks in AIR's latest 10-K?
In the 10-K filed July 22, 2026, AAR CORP (AIR) flagged: DoC Section 232 investigation on commercial aircraft and parts imports may materially impact company operations. Russia-Ukraine and Middle East conflicts causing jet fuel price increases impacting airline customers and demand. (AI summary of the Risk Factors section.)
What did AIR report in its latest 8-K?
AAR CORP (AIR) filed an 8-K on September 29, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 3.02 (Unregistered Sales of Equity Securities). Forward-looking disclosure tied to PIPE Offering and MRO Panama Acquisition.
What are the latest AIR SEC filings?
AAR CORP (AIR) filed its latest 10-K annual report on July 22, 2026, a 10-Q quarterly report on September 29, 2026, an 8-K current report on September 29, 2026 and a Form 4 insider filing on September 1, 2026.
What is AIR's SEC CIK number?
AAR CORP (AIR)'s SEC Central Index Key (CIK) is 1750. EDGAR lists every AIR filing under that number.
Ask anything about AIR
The research agent reads AIR's filings, financials, insider trades and 13F holders, then answers with sources.