AAR Corp. (NYSE:AIR) Q2 2024 Earnings Conference Call December 21, 2023 4:45 PM ET
Company Participants
John Holmes - Chairman, President and Chief Executive Officer
Sean Gillen - Chief Financial Officer
Conference Call Participants
Robert Spingarn - Melius Research
Bert Subin - Stifel
Steve Strackhouse - RBC Capital Markets
Operator
Good afternoon, everyone. Welcome to AAR’s Fiscal 2024 Second Quarter Earnings Call. We are joined today by John Holmes, Chairman, President and Chief Executive Officer; and Sean Gillen, Chief Financial Officer.
Before we begin, I’d like to remind you that 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 guarantees of future performance. These risks and uncertainties are discussed in the company’s earnings release and the Risk Factors section of the company’s annual report on Form 10-K for the fiscal year ended May 31, 2023 and Form 10-Q for the fiscal quarter ended August 31, 2023.
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 are set forth in the company’s earnings release. A replay of this conference call will be available for on-demand listening shortly after the completion of the call on AAR’s website.
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 second quarter fiscal year 2024 results.
Before we discuss these results, I wanted to comment on the acquisition agreement that we announced this morning. For many years, we have been focused on growing our position in the market for proprietary and differentiated services and we have long viewed Triumph’s Product Support group as one of the leaders in this market for repair. In fact, in the more than 5 years since I became CEO, I’ve had a number of conversations with Triumph’s CEO about the possibility of AAR acquiring this business. So similar to our Trax acquisition that we announced earlier this year, this is an idea that we have had for a long time, and I’m very excited that we’ve reached an agreement with Triumph.