AAR Corp. posted record net income and sales for its fiscal second quarter, ended Nov. 30. Earnings rose 38 percent, to $4 million, or 38 cents a share, from $2.9 million , or 32 cents a share, a year earlier.
Sales were up 24 percent, to $75.9 million from $61 million.
In the first half, net income climbed 33 percent, to $7 million, or 71 cents a share, from $5.3 million, or 59 cents a share, in the comparable year- earlier period.
Six-month sales rose 24 percent, to $142.3 million from $114.9 million. Per-share data for fiscal 1986 were adjusted for the 3-for-2 stock split in February, 1986.
Ira A. Eichner, AAR chairman and chief executive officer, said the improvement in net income and operating efficiency resulted from ”an appropriate mix of business and effective cost controls.”
”AAR`s balance sheet remains very strong, giving considerable flexibility for timely response to market opportunities,” Eichner said.
AAR Corp. is a supplier of aviation products and services.
