Aar reports first quarter 2022 results

Wood dale, ill., sept. 23, 2021 (globe newswire) -- aar corp. (nyse: air) today reported first quarter fiscal year 2022 consolidated sales of $455.1 million and income from continuing operations of $11.2 million, or $0.31 per diluted share. for the first quarter of the prior year, the company reported sales of $400.8 million and loss from continuing operations of $13.9 million, or $0.40 per diluted share. our adjusted diluted earnings per share from continuing operations in the first quarter of fiscal year 2022 were $0.52 compared to $0.17 in the first quarter of the prior year. current quarter results included net pretax adjustments of $9.9 million, or $0.21 per share, primarily due to a previously disclosed customer contract termination and related asset impairment charges.
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