0001104659-12-083325.txt : 20121211 0001104659-12-083325.hdr.sgml : 20121211 20121211170519 ACCESSION NUMBER: 0001104659-12-083325 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121211 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121211 DATE AS OF CHANGE: 20121211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AAR CORP CENTRAL INDEX KEY: 0000001750 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT & PARTS [3720] IRS NUMBER: 362334820 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06263 FILM NUMBER: 121257003 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 8-K 1 a12-29067_18k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.   20549

 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

December 11, 2012

Date of Report (Date of earliest event reported)

 

AAR CORP.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

(State or other jurisdiction of incorporation)

 

1-6263

 

36-2334820

(Commission File Number)

 

(IRS Employer Identification No.)

 

One AAR Place, 1100 N. Wood Dale Road
Wood Dale, Illinois 60191

(Address and Zip Code of Principal Executive Offices)

 

Registrant’s telephone number, including area code:  (630) 227-2000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

Item 2.02.                                        Results of Operations and Financial Condition.

 

We previously reported our activities in the following four business segments:  Aviation Supply Chain; Maintenance, Repair and Overhaul; Government and Defense Services and Structures and Systems.  During the second quarter, we changed our segment presentation to reflect the way our Chief Executive Officer evaluates performance and the way we are organized internally.   We now report our activities in the following two business segments:  Aviation Services and Technology Products.  The new Aviation Services segment includes our former Aviation Supply Chain and Maintenance, Repair and Overhaul segments and most of the former Government and Defense Services segment, and the new Technology Products segment represents our former Structures and Systems segment and our small shelter integration business, which previously was part of the Government and Defense Services segment.

 

The following information provides sales, gross profit and other important financial data for the quarter ended August 31, 2012, and for the three previous fiscal years in the new segment format.  While investors are being provided financial data reflecting the change in the Company’s reportable segments described above, the Company has not in any way revised or restated its historical financial statements for any period.

 

The information in this Item 2.02 is furnished pursuant to Item 2.02 and 7.01 of Form 8-K. Consequently, such items are not deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. Such items may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K.

 

Item 7.01.                                        Regulation FD Disclosure.

 

The information responsive to this Item is set forth under Item 2.02 above.

 

Item 9.01                                           Financial Statements and Exhibits

 

(d)                                 Exhibits

 

99.1                        AAR CORP Historical Financial Data

 

2


 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Date:                  December 11, 2012

 

 

 

AAR CORP.

 

 

 

 

 

 

 

By:

/s/ Michael J. Sharp

 

 

Michael J. Sharp

 

 

Vice President-Chief Financial Officer &

 

 

Treasurer

 

3


 

EXHIBIT INDEX

 

Exhibit Number

 

Description

 

 

 

99.1

 

AAR CORP Historical Financial Data

 

4

 EX-99.1 2 a12-29067_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

 

Q1 FY 2013

 

 

 

Net Sales

 

Gross Profit

 

Aviation Services

 

398.2

 

61.4

 

Technology Products

 

152.3

 

28.9

 

AAR consolidated

 

550.5

 

90.3

 

 

 

 

Net Sales

 

Gross Profit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2012

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

YTD

 

Q1

 

Q2

 

Q3

 

Q4

 

YTD

 

Aviation Services

 

396.2

 

376.8

 

373.3

 

389.7

 

1,536.0

 

62.7

 

64.1

 

58.4

 

52.1

 

237.3

 

Technology Products

 

89.3

 

105.2

 

160.9

 

173.6

 

529.0

 

13.0

 

14.5

 

28.5

 

25.3

 

81.3

 

AAR consolidated

 

485.5

 

482.0

 

534.2

 

563.3

 

2,065.0

 

75.7

 

78.6

 

86.9

 

77.4

 

318.6

 

 

 

 

2011

 

2011

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

YTD

 

Q1

 

Q2

 

Q3

 

Q4

 

YTD

 

Aviation Services

 

307.0

 

342.1

 

367.5

 

381.6

 

1,398.2

 

52.7

 

55.3

 

62.8

 

64.7

 

235.5

 

Technology Products

 

105.2

 

105.0

 

90.5

 

106.2

 

406.9

 

18.2

 

18.9

 

16.0

 

18.5

 

71.6

 

AAR consolidated

 

412.2

 

447.1

 

458.0

 

487.8

 

1,805.1

 

70.9

 

74.2

 

78.8

 

83.2

 

307.1

 

 

 

 

2010

 

2010

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

YTD

 

Q1

 

Q2

 

Q3

 

Q4

 

YTD

 

Aviation Services

 

219.8

 

205.9

 

192.6

 

255.5

 

873.8

 

33.3

 

37.9

 

32.6

 

44.0

 

147.8

 

Technology Products

 

121.7

 

122.8

 

117.0

 

116.9

 

478.4

 

20.7

 

26.0

 

26.3

 

22.7

 

95.7

 

AAR consolidated

 

341.5

 

328.7

 

309.6

 

372.4

 

1,352.2

 

54.0

 

63.9

 

58.9

 

66.7

 

243.5

 

 

Assets

 

 

 

May 31

 

 

 

2012

 

2011

 

2010

 

Aviation Services

 

1,360.1

 

1,236.0

 

1,044.0

 

Technology Products

 

675.4

 

326.8

 

306.4

 

Corporate

 

160.2

 

140.9

 

149.8

 

AAR consolidated

 

2,195.7

 

1,703.7

 

1,500.2

 

 

Capital Expenditures

 

 

 

May 31

 

 

 

2012

 

2011

 

2010

 

Aviation Services

 

77.5

 

115.7

 

14.0

 

Technology Products

 

12.3

 

6.0

 

12.9

 

Corporate

 

1.4

 

3.2

 

2.0

 

AAR consolidated

 

91.2

 

124.9

 

28.9

 

 

Depreciation and Amortization

 

 

 

May 31

 

 

 

2012

 

2011

 

2010

 

Aviation Services

 

60.9

 

45.2

 

24.1

 

Technology Products

 

14.9

 

9.2

 

10.9

 

Corporate

 

4.5

 

4.9

 

3.9

 

AAR consolidated

 

80.3

 

59.3

 

38.9

 

 

Governmental Net Sales  *

 

 

 

May 31

 

 

 

2012

 

2011

 

2010

 

Aviation Services

 

534.9

 

540.3

 

183.3

 

Technology Products

 

353.6

 

352.8

 

424.0

 

AAR consolidated

 

888.5

 

893.1

 

607.3

 

 

*  Represents net sales to U.S. Department of Defense, other U.S. government agencies and their contractors.