AAR Corp Will Report Fiscal 2027 Earnings September 29

Investors look for growth in parts distribution as operators navigate a $15 million headwind from legacy programs.

Updated on Sept. 28, 2026 in Corporate Finance

Isometric editorial illustration of an industrial aircraft hangar door and a turbine component, representing aviation maintenance operations. — AAR Corp is scheduled to release its fiscal 2027 first-quarter earnings on September 29, 2026, with revenue projections of approximately $880.35 million. AI Illustration. Upload story photo >

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AAR Corp is set to report its fiscal 2027 first-quarter earnings on September 29, 2026, with analysts anticipating $880.35 million in revenue. The company maintains a forecast for total sales growth of 21% to 23% for the quarter.

Why it matters

Management must demonstrate that growth in high-volume airframe MRO facilities and recurring revenue at Trax can offset the $15 million year-on-year headwind expected from legacy commercial programs.

AAR Corp reported 13% organic adjusted sales growth in the fourth quarter of fiscal 2026, with new parts distribution growing 19%. Analysts expect first-quarter earnings per share of $1.30 against a backdrop of forecasted adjusted EBITDA margins between 12.25% and 12.75%.

The players

AAR Corp

A provider of aviation services to commercial and government customers with a focus on MRO, parts distribution, and software solutions.

Ken Herbert

An analyst at RBC Capital Markets who currently maintains an Outperform rating on AAR stock.

The details

Growth in the prior quarter was underpinned by increased activity across airframe MRO facilities and recurring software revenue through Trax. Executives now face the task of balancing these operational gains against a specific $15 million drag on performance stemming from legacy commercial programs. Shareholders are watching whether the momentum in parts distribution will sustain the company's valuation as it enters the new fiscal year.

Q4 2026: AAR achieved 13% organic adjusted sales growth.
September 28, 2026: AAR stock price closed at $115.02.
September 29, 2026: AAR reports fiscal 2027 first-quarter earnings.

Market Landscape

AAR Corp's financial trajectory follows the broader MRO industry trend of utilizing increased airframe maintenance volumes to scale operations. The results arrive as the company works to transition beyond the financial drag of legacy commercial programs identified in prior periods.

Operators should monitor AAR's EBITDA margin guidance to gauge the health of supply chain pricing and maintenance service demand. The $15 million headwind serves as a signal to review long-term legacy program contracts for potential margin pressure in their own maintenance portfolios.

The takeaway

The company’s ability to maintain high growth in parts distribution will be critical to offsetting the $15 million legacy headwind. Analysts and operators should watch the post-earnings guidance for specific signals regarding sustained EBITDA margins in the current interest rate environment.