AAR Corp. (NYSE:AIR) Q3 2023 Earnings Conference Call March 20, 2022 4:45 PM ET
Company Participants
John Holmes - President & CEO
Sean Gillen - CFO
Conference Call Participants
Robert Spingarn - Melius Research
Josh Sullivan - Benchmark
Michael Ciarmoli - Truist
Steve Strackhouse - RBC Capital Markets
Operator
Good afternoon, everyone, and welcome to AAR's Fiscal 2023 Third Quarter Earnings Call. We're joined today by John Holmes, Chairman, President and Chief Executive Officer; and Sean Gillen, Chief Financial Officer.
Before we begin, I would like to remind you that the comments made during the call may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.
Accordingly, these statements are no guarantee of future performance. These risks and uncertainties are discussed in the company's earnings release and the Risk Factors section of the company's Form 10-K for the fiscal year ended May 31, 2022 and Form 10-Q for the fiscal quarter ended November 30, 2022.
In providing the forward-looking statements, the company assumes no obligation to provide updates to reflect future circumstances or anticipated or unanticipated events. Certain non-GAAP financial information will be discussed on the call today. A reconciliation of these non-GAAP measures to the most comparable GAAP measures is set forth in the company's earnings release.
At this time, I would like to turn the call over to AAR's Chairman, President and CEO, John Holmes.
John Holmes
Great. Thank you, and good afternoon, everyone. I appreciate you joining us today to discuss our third quarter fiscal year 2023 results. Before I comment on the results, I would like to highlight the acquisition of Trax that we announced yesterday. This is a combination that we have been thinking about together with Trax for almost 10 years and we've worked carefully with the founders on the strategic vision for the combined organization.
Trax is one of the leading third-party providers of MRO and fleet management software globally. It supports over 100 customers and approximately 5,000 aircraft, providing software for managing the entire spectrum of maintenance activities. These activities include many things such as inventory planning and purchasing, maintenance scheduling, engineering, work order processing, mobile task cards, electronic log books and personnel management. Additionally, Trax is a critical piece of software as it serves as a system of record required for airlines and MRO's by the FAA and other global regulators.