...December 5, 2024 (Editor's note: On April 11, 2025, we republished this article, originally published on Dec. 5, 2024, to correct the outlook statement, which contained outdated information. A corrected version follows.) S&P Global Ratings expects AAR Corp.'s top line to benefit from strong aftermarket demand. The company's 2024 fiscal year, concluded May 31, 2024, was in-line with expectations as far as revenue growth, realizing 16.1% growth year over year. We expect the momentum to continue into the 2025 calendar year given stable air travel demand and the utilization of an aging fleet. These market dynamics are resulting in strong demand for aftermarket parts and services, benefiting AAR across its highest yielding business lines, most notably parts distribution and repair and engineering, which includes AAR's recent acquisitions of Triumph's product and support business. The company reported a strong first quarter of fiscal 2025, exceeding revenue expectations with a 20% improvement...
